People: Balaÿ is new broom at CA CIB, Ungari swaps QIS roles at SG, and more

Latest job changes across the industry

Jean-François Balaÿ

Copyright Credit Agricole

Jean-François Balaÿ will become chief executive officer at Crédit Agricole Corporate and Investment Bank (CA CIB) from May 6. He replaces Xavier Musca, who has held the role for the past three years, having also served for a decade as deputy CEO.

Balaÿ joined the bank in 2009 as global head of loan syndication. He most recently served as deputy CEO of CA CIB from 2021 and as deputy general manager from 2018.

The division also announced the appointments of Olivier Bélorgey and Pierre Gay as deputy CEOs and executive directors. Bélorgey also serves as finance director for the division and Gay as global head of capital markets.

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At Societe Generale, Sandrine Ungari has been appointed global head of quantitative investment strategy (QIS) structuring, after a seven-year stint running cross-asset quantitative research at the French bank, as reported by Risk.net.

Sandrine Ungari

In the newly created role, Ungari will lead the development of new systematic strategy indexes on a cross-asset basis, overseeing a 30-strong team of QIS structurers. She reports to global structuring co-heads Pierre Gimenes and Vincent Vigroux.

An 18-year veteran of the bank’s research activities, Ungari joined SocGen in 2006 as a fixed income quantitative strategist before taking on a multi-asset role in 2013.

Following Ungari’s move, SocGen has hired Brian Fleming to head cross-asset quantitative research. A former quantitative investment manager and structurer with Standard Life, which merged with Aberdeen in 2017, Fleming has worked as an independent asset management consultant since July 2020.

He reports to Andrew Lapthorne, head of the quant research group and head of equity quant research.

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Vijay Albuquerque

CME Group has appointed Vijay Albuquerque chief risk officer in its clearing and post-trade services division. Based in New York, he will report to Suzanne Sprague, CME’s chief operating officer and global head of clearing.

Before joining CME, Albuquerque spent 20 years at Citi, most recently as head of counterparty risk and portfolio risk analytics, and earlier as global head of risk for the bank’s futures and OTC clearing business.

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Eurex has made several changes to its leadership structure, effective April 1. Robbert Booij, who became CEO of Eurex Frankfurt just a year ago, is appointed head of financial derivatives for the exchange and clearing house. He reports to Thomas Book, Eurex parent Deutsche Börse’s executive board member for trading and clearing.

Matthias Graulich

Matthias Graulich now leads the global products and markets team for Eurex, while Jens Quiram heads global sales and marketing. Graulich has served as global head of fixed income, funding and financing strategy and the development of Deutsche Börse since 2018, and as a member of the executive board of Eurex Clearing since 2014. Quiram was previously global head of FIC derivatives and repo sales.

These moves follow the recent departure of Eurex Clearing CEO Erik Müller and the organisation’s decision to combine its equity/index, fixed income, currency and repo sales with business development into two new departments.

Melanie Dannheimer, a member of the Eurex Deutschland management board since 2022, was appointed to the Eurex Frankfurt executive board as chief control officer. Randolf Roth, a 26-year board veteran, meanwhile, steps down from his board duties at both Eurex Frankfurt and Eurex Deutschland, but will continue to serve as strategic adviser to the Eurex executive board.

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Standard Chartered has appointed Andrew Chart to its prime and finance team in financing and securities services, effective March 24. Chart reports to Andy Ross, global head of prime and financing products. In his new role, Chart will oversee the growth and development of Standard Charter’s exchange-traded derivatives offering within prime through additional markets and services.

The bank has also appointed David Hardoon global head of AI enablement, effective April 7. He is based in Singapore and reports to group chief data officer Mohammed Rahim.

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Kate Burke will become CEO of asset manager Allspring Global Investments, effective July 1. Current CEO Joe Sullivan will continue as executive chair of the board. Burke joined Allspring in 2023 as president, prior to which she served as chief operating officer and chief financial officer of AllianceBernstein.

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William Cooper has joined Novo Holdings as head of risk and compliance. Cooper left his previous post as head of risk at SEB Denmark, where he had worked since 2016 on risk frameworks and risk management, stress-testing and capital adequacy programmes.

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Marc Camus has been appointed chief information officer at BNP Paribas, effective April 1. He succeeds Bernard Gavgani. Camus previously served as a CIO at BNP Paribas Fortis.

Gavgani will continue at BNP Paribas as a senior adviser to the group’s general management, supporting major clients in the technology sector. He will report to Yann Gérardin, chief operating officer of BNP Paribas’s corporate and institutional banking.

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Daniel Marcu has joined Goldman Sachs as global head of AI engineering and science. Before the move to Goldman, announced in March, Marcu served as vice-president of web and knowledge services at Amazon’s Artificial General Intelligence organisation.

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Rahul Varma has been appointed acting director of the division of market oversight at the Commodity Futures Trading Commission. Acting CFTC chair Caroline Pham made the appointment, the commission announced on April 2. Varma joined the CFTC in 2013 as an associate director for market surveillance in its division of market oversight (DMO). In 2017, he helped establish the market intelligence branch in DMO and served as its acting deputy director. In 2024, he assumed the role of deputy director for the combined market intelligence and product review branches.

Prior to joining the CFTC, Varma held risk management and consulting roles in the private sector. He also worked at the Federal Energy Regulatory Commission in the Office of Market Oversight and Investigations, the predecessor of the Office of Enforcement.

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Anna Nordstrom was appointed head of the markets group at the Federal Reserve Bank of New York on April 21. Nordstrom had served in the role on an interim basis since December 2024 and as head of the domestic and international markets functions since 2023. She joined the New York Fed in 2008 and led international markets for 15 years, prior to which she held positions at the European Central Bank, the International Monetary Fund and the Central Bank of Sweden.

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Nikhil Rathi

On April 10, Nikhil Rathi was reappointed chief executive of the UK’s Financial Conduct Authority by UK chancellor Rachel Reeves. Rathi will serve for a second five-year term until September 2030.

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Bank of England governor Andrew Bailey will become the next chair of the Financial Stability Board. He will succeed Klaas Knot, who steps down in June, when his term as president of De Nederlandsche Bank also concludes.

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Ron Lefferts and Gianluca Biagini have been appointed co-heads of the London Stock Exchange Group’s data & analytics division. They will report to CEO David Schwimmer and will oversee the growth of LSEG’s Workspace platform.

Lefferts joined LSEG in 2021 as group head of strategic accounts, subsequently becoming group head of sales and account management. He has been a member of LSEG’s executive committee since 2023.

Biagini is set to join on August 18 from SP Global Market Intelligence, where he is head of data, valuations and risk analytics. He will also become a member of LSEG’s executive committee.

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Cboe Global Markets has appointed Wei Liao as a director in its derivatives market intelligence franchise in Hong Kong, where she will oversee the building of Cboe’s derivatives market intelligence and content franchise in the Asia-Pacific region. Prior to joining Cboe, she served as a portfolio manager at CQS Asset Management.

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Mark Turner has joined Liquidnet as managing director, co-head of sales and trading, Americas. Turner previously worked at Instinet for 32 years, most recently as co-head of sales and trading, America. 

Editing by Louise Marshall