People: Natixis adds global markets trio, Six switches CRO, and more

Latest job changes across the industry

Natixis has raided rivals Mizuho and BNP Paribas for its global markets Americas team. The company has hired three new managing directors for its corporate and investment banking division in New York: Zach Rose, Matthew Pewarski and Nate White.

Rose becomes head of macro sales for Americas, working on rates, currencies and commodities. He reports locally to Emmanuel Issanchou, head of global markets Americas, and globally to Elie Bitton, global head of sales and structuring.

Nate White, Zach Rose and Matthew Pewarski

Photos: BPCE

Before joining Natixis, Rose was head of macro sales at Mizuho in New York, where he also served as head of rates sales. Before that, he spent nine years at Credit Suisse in interest rate sales.

Pewarski is the new head of financial sponsors and corporate sales for Americas, in the macro group. He reports locally to Rose and globally to Paul Eterstein and David Sciolette, global co-heads of rates. He joins Natixis from BNP Paribas, where he was head of financial sponsor and infrastructure sales. He has prior experience at Mizuho, Wells Fargo and Citi.

White is a managing director in rates sales. He will focus on US regional banks and insurance companies, also reporting to Rose. His last role was at Mizuho, where he worked in interest rate derivatives sales. Before Mizuho, he spent seven years in fixed income sales at Credit Suisse.

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Citi is adding to its wealth business with the hire of Dipendra Malhotra as head of wealth technology. Malhotra joins from Morgan Stanley where he was head of analytics, AI and data for wealth technology.

He starts in May and will report to the bank’s chief information officer Jonathan Lofthouse. Until then, Pippa Newbold will continue as interim head of wealth technology.

Malhotra’s appointment follows the arrival of Joe Bonanno last July to lead the data, analytics and innovation team, a newly created part of the wealth unit. Eric Lordi also joined as head of the wealth platform and experience in January.

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European exchange group Six has promoted Markus Gumpfer to chief risk officer. He replaces Jochen Dürr, who leaves the group after a 10-year spell in the role.

Markus Gumpfer

Gumpfer was previously global head of risk management and deputy chief risk officer – positions he had held since 2018. From 2015, he was head of risk and compliance at Six Securities Services. He joined the exchange group after a 13-year stint at Man Group in Switzerland, where he ultimately served as chief operating officer for alternative investment unit Man FRM.

Six has also announced the departure of Javier Hernani, head of the securities services unit. Hernani was chief executive officer of the Spanish exchange BME until the company’s takeover by Six in 2020. José Manuel Ortiz, head of clearing and repo, replaces Hernani on an interim basis.

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US president Donald Trump has nominated Michelle Bowman to become the new vice-chair for supervision at the Federal Reserve.

Bowman, a current member of the Fed’s board of governors, is in line to replace Michael Barr, who resigned as supervision vice-chair earlier this year.

Michelle Bowman

Photo: Federal Reserve/Flickr

Bowman’s nomination will require US Senate confirmation, though it is unclear when this will take place. The time between nomination and Senate confirmation for the past two supervision vice-chairs – Barr and Randal Quarles – was around three months.

Bowman is known to favour more relaxed regulation for banks, unlike Barr who had pushed for tougher capital requirements through the Basel III endgame reforms. Alongside fellow board member Christopher Waller, Bowman voted against the original version of the endgame in 2023. She also argued that the existing leverage ratio requirements were constraining banks’ capacity to offer liquidity in the Treasury market.

Before joining the Fed in 2018, Bowman was the state bank commissioner of Kansas, starting in 2017. She was also vice-president of Farmers & Drovers Bank, a community lender in Kansas, from 2010 to 2017. She has prior experience as a congressional staffer and has worked at the Federal Emergency Management Agency and the Department of Homeland Security.

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UK asset manager aberdeen has recruited a new chief financial officer. Siobhan Boylan will join the company in the summer, subject to regulatory approval.

Boylan is currently CFO of Coutts, the private banking arm of NatWest Group. She is also an independent non-executive director at Jupiter Fund Management. Prior to Coutts, she was CFO at Brewin Dolphin, and at Legal & General Investment Management. She has also held senior finance roles at insurer Aviva.

Previous CFO, Jason Windsor, became the company’s permanent chief executive officer last September, replacing Stephen Bird who left aberdeen in May 2024.

Ian Jenkins will continue in the role of interim group CFO until Boylan starts.

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Insurance firm Apollo has hired Gina Gill as chief information officer. Gill joins from UK government department, the Cabinet Office, where she was interim chief strategy officer. Previously, Gill was chief digital and information officer at the UK’s justice ministry.

She has worked at the Financial Conduct Authority, Barclays Capital and Lloyds Banking Group, where she specialised in digital innovation, IT service management and commercial negotiations.

Gill will report to David Ibeson, Apollo’s group chief executive officer.

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Gavin Wells has returned to London Stock Exchange Group as chief operating officer for the firm’s foreign exchange business, which includes trading platforms FXall, FX Matching and PriceStream.

Gavin Wells

Wells spent eight years at LSEG’s post-trade division from 2008, including stints as chief executive of ForexClear and chief executive of CDSClear. He left in 2016 to join New York technology firm Digital Asset Holdings, where he remained until 2019.

He then spent four years at Deutsche Boerse’s 360T institutional FX arm where he was head of products strategy for Sun, the electronic FX swaps central limit order book.

Wells returned to LSEG on a contract basis in July 2024 and took a permanent role earlier in March.

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Chicago Board Options Exchange has named Meaghan Dugan as head of US options. Dugan is the latest new arrival to Cboe’s global derivatives team, which has recently made several hires and promotions in sales and research.

Dugan joins from the New York Stock Exchange, where she oversaw the NYSE Amex Options and NYSE Arca Options markets. Prior to joining NYSE, she spent 11 years at Bank of America, most recently as head of product for US electronic options and global future algorithms.

In her new role, she will oversee business strategy, competitive positioning, market structure and market development for Cboe’s US options business.

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Singapore Exchange has named Jean-Philippe Malé as chief executive officer of foreign exchange, effective April 1. Malé is currently president of SGX FX, a post he has held since mid-2024. He joined the firm in 2020 when SGX acquired BidFX, an over-the-counter FX platform for the buy side. At the time, Malé was BidFX’s chief executive officer and co-founder.

Meanwhile, SGX is losing two senior executives. Lee Beng Hong, currently head of wholesale markets and platforms, and Thijs Jacobs, group chief technology officer, are leaving the exchange. Chief information officer Tinku Gupta will cover Jacobs’ role while the firm seeks a permanent replacement. It is unclear if Lee’s role will be replaced.

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Jacky Mak has resigned from his role as head of fixed income and currency product development at Hong Kong Exchanges and Clearing.

Mak said in a LinkedIn post on March 22 that he had stepped down from HKEX, citing health challenges. The company confirmed Mak’s departure to Risk.net but declined to comment further.

At HKEX, Mak was involved in the design and launch of the landmark Swap Connect initiative, which allows offshore investors to trade onshore renminbi interest rate swaps via a link-up between HKEX and Shanghai Clearing House.

Prior to joining HKEX in 2016, Mak was a director in Bank of America Merrill Lynch’s global markets division in Hong Kong. He also held positions at Societe Generale and HSBC.

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Options Clearing Corporation has named Robert Hocking as special adviser to chairman Craig Donohue. Hocking is an OCC board member, and currently serves as global head of product innovation at Cboe Global Markets, one of the five exchanges that jointly own OCC.

OCC says Hocking’s appointment is part of the clearing house’s “long term strategic and board succession planning efforts”.

OCC has also reappointed six directors to its board: Mark Dehnert, Susan Lester, Stuart Bourne, Alicia Crighton, Boudewijn Duinstra and Andrej Bolkovic. All the appointments will need to be approved at OCC’s annual stockholder meeting on April 10.

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Trading Technologies International has promoted Justin Llewellyn-Jones to chief executive officer. Llewellyn-Jones joined Trading Technologies as chief operating officer in January 2024.

He previously held senior roles at fintech company Broadridge during a four-year stint. Before that, he spent 16 years at Fidessa, and subsequently at Ion, which bought the company. His final role at Ion was global head of derivatives.

Llewellyn-Jones replaces Keith Todd, who becomes deputy chairman at Trading Technologies.

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Italian fintech company Axyon AI has promoted Giovanni Beliossi to head of investment strategies. Beliossi joined in 2020 as a business adviser. He has previously held roles in traditional and alternative investments, derivatives and real assets. Axyon AI provides artificial intelligence-based forecasting tools for investment management companies.

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US tech vendor Clear Street has hired John Levene as head of institutional. Levene is a 25-year veteran of Goldman Sachs, where he held client services roles including head of global banking and head of markets client experience. Prior to his time at Goldman, Levene worked at Salomon Brothers and Hambros Bank. In his new post, Levene will oversee Clear Street’s prime brokerage business.

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Nathaniel Lalone

The Futures Industry Association has elected two new directors to its board. David Martin becomes a primary member director on a one-year term. He is group chief executive officer of GH Financials, a UK-based futures and options clearing house.

Nathaniel Lalone becomes an associate member director on a two-year term. He is a London-based partner at law firm Katten Muchin Rosenman.

Additional reporting by Nyela Graham and Thomas Chow

Editing by Helen Bartholomew