People: BNY taps Nasdaq CRO for enterprise risk role, Hoornweg steers StanChart CIB solo, and more

Latest job changes across the industry

BNY has a new head of enterprise risk. Catherine Addona-Peña, previously chief risk officer (CRO) at Nasdaq, started her new role in September, a spokesperson for BNY confirmed.

Addona-Peña reports directly to BNY’s CRO, Rajashree Datta, who took up her own role in April, after joining the lender in December 2024 from Goldman Sachs, where she was latterly head of financial risk.

The move leaves Nasdaq, one of the world’s largest exchange and clearing house operators, without a full-time CRO. It is understood Addona-Peña’s responsibilities are currently being fulfilled by other members of Nasdaq’s risk team while a permanent replacement is sought. She was also a board member of Nasdaq Clearing AB.

Before joining Nasdaq in 2023, Addona-Peña spent 18 years at Goldman Sachs, according to her LinkedIn profile. Her career at the US bank included stints as head of audit for technology, and subsequently as chief operating officer and CRO for technology in the consumer and investment management division. She was latterly the bank’s chief digital transformation officer for engineering.

Risk.net recently ran a first-of-its-kind benchmarking exercise for bank enterprise risk functions – check out the findings here.

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JP Morgan has promoted Conor Hillery and Matthieu Wiltz to co-chief executive officers for Europe, the Middle East and Africa.

The pair will report to Mary Erdoes, CEO of JP Morgan Asset & Wealth Management, and to Doug Petno and Troy Rohrbaugh, co-CEOs of the commercial and investment bank at JP Morgan, while maintaining their existing responsibilities in global banking and sales respectively. They will also join the commercial and investment bank management team.

Hillery and Wiltz have served as deputy CEOs for the region since May 2024, focusing on client franchises and working closely with senior country officers.

They succeed Filippo Gori, who was named CEO of Emea and co-head of global banking in February 2024 and has since relocated to New York in the latter capacity.

Adrian Loh

JP Morgan Chase has meanwhile named Kranthi Gade as head of global macro and US cross-asset strategic indexes structuring.

Gade will report to Arnaud Jobert, global head of equities structuring and co-head of global strategic indexes, joining his management team.

Gade comes from Bank of America, where he spent 17 years, most recently as head of commodity and FX quantitative investment strategy (QIS) structuring.

Also, JP Morgan Private Bank has tapped ex-Goldman managing director Adrian Loh in Singapore.

Loh joins the private bank as market head of investments and advice for South-east Asia and head of Singapore solutions.

He will lead the growth of the bank’s investment and advisory platforms in the region. His direct manager is Ulysses Lau, head of investments and engagement for Asia. His local reporting is Paul Thompson, head of Singapore and South-east Asia at JP Morgan Private Bank.

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Roberto Hoornweg has been appointed CEO of corporate and investment banking (CIB) at Standard Chartered.

Hoornweg, previously co-head of CIB with Sunil Kaushal, takes up sole responsibility for the role following Kaushal’s decision to retire at the end of March next year after 27 years with the bank.

Hoornweg retains oversight of the group’s markets in the Americas, Europe, Africa and the Middle East. Oversight of Asean and South Asia markets, which sat with Kaushal, will transition to Judy Hsu, alongside her responsibilities as CEO of wealth and retail banking and oversight of the bank’s Greater China and North Asia markets. Both Hsu and Hoornweg sit on the group management team.

Hoornweg joined Standard Chartered in 2017 as global head of financial markets and earlier occupied senior roles at firms including Brevan Howard, UBS and Morgan Stanley.

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Fahim Rahman

Mizuho has hired Fahim Rahman as head of derivatives risk solutions for Emea. Rahman joins from UBS where he was head of Emea corporate fixed income solutions. He previously held a similar leadership role at Credit Suisse.

Rahman reports directly to Asif Godall, head of markets of Emea, and will continue to develop Mizuho’s derivatives, risk advisory and FX services, one of the strategic growth pillars for the Emea corporate and investment bank.

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Citi has appointed Sophie Landry head of markets for Germany and Austria. Based in Frankfurt, she will work closely with markets product partners and across wealth, banking and services businesses.

Landry joins from the European Investment Bank, where she was head of portfolio and asset and liability management. Before this, she was head of financial institutions origination and solutions for Germany, Austria and Switzerland at NatWest.

Sophie Landry

The US bank has also tapped Jason Woods from Morgan Stanley as head of futures execution for Europe, the Middle East and Africa.

Reporting to Sam Baig, head of cash execution, Woods is responsible for high-touch and low-touch multi-asset futures across the region.

Citi India has meanwhile appointed Srini Kannan head of digital, technology, communication, business and professional services and industrials for commercial banking. He previously spent six years at Citi from 2002. The appointment will be effective early December.

Kannan joins from JP Morgan, where he was worked for 17 years, most recently as head of innovation economy in India. 

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RBC Capital Markets has appointed Callum Maitland to head structured inflation and cross-currency basis trading. He continues to be based in London.

Maitland joined RBC in 2022 in its European inflation business. In his new role, he focuses on developing its cross-currency basis franchise and growing the structured inflation offering, which includes bespoke solutions and management of complex or higher-order inflation risks.

His promotion follows the appointment of Ian Hale as head of European inflation trading. Both Hale and Maitland report to Ed Russell, head of flow rates trading for Europe.

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UBS has tapped Daniele Magazzeni from JP Morgan as chief artificial intelligence officer to lead its newly established AI office.

In the new role, Magazzeni will be responsible for scaling AI-powered tools across the organisation, ensuring consistent standards, and strengthening UBS’s technological foundations. He will also spearhead the bank’s global AI strategy with the goal of reshaping business capabilities, improving client experience, and boosting employee productivity.

Magazzeni will take up the new role in January 2026, reporting to Mike Dargan, group chief operations and technology officer. He will continue to be based in London.

Magazzeni joins UBS from JP Morgan, where he works as chief analytics officer for Emea and the commercial and investment bank, leading the firm’s analytics agenda globally across markets, global banking, payments and securities services.

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Can Poge has joined the Abu Dhabi Investment Authority as a fixed income trader from Citadel.

Poge spent five years at Citadel, focused on institutional coverage in G10 markets for Macro and RV Hedge Funds, SWF/Asset Managers and Bank Treasuries.

He started his new role in October, and has relocated from London to Abu Dhabi.

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Tradeweb has appointed Rich Chun as head of Asia. Based in Hong Kong, Chun will oversee Tradeweb’s business operations, client engagement efforts and strategic growth initiatives in the Asia-Pacific region.

Reporting to Enrico Bruni and Troy Dixon, co-heads of global markets, he will work closely with both regional and global product and sales teams to expand Tradeweb’s footprint across Asia.

Most recently, Chun served as a managing director and portfolio manager at HPS Investment Partners. Previously, he was a portfolio manager at Claren Road Asset. Earlier in his career, he spent 14 years at Citigroup in various trading roles, including head of credit trading for Asia.

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The Federal Deposit Insurance Corporation has named Ryan Billingsley director in the division of risk management supervision and Matthew Reed as general counsel.

In the new role, Billingsley oversees the agency’s safety and soundness examination and supervision of insured commercial banks and savings institutions. He has served as acting director of RMS since March 2025 and was previously deputy director of capital markets and accounting policy, where he provided leadership in capital markets and accounting regulation, risk surveillance and examination support.

Reed has served as acting general counsel since January 2025. He was previously an executive in the legal division’s emerging technology, anti-money laundering and cyber fraud policy group.

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The Alternative Investment Management Association has appointed Jon May as the new chair of its governing body, the Aima Council. May is the general counsel and global head of legal and compliance at Marshall Wace.

May succeeds Karl Wachter, general counsel of Magnetar, who served as chair from 2020 and has now retired from the AIMA board.

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The International Capital Market Association has appointed Anita Karppi as senior director within the Market Practice and Regulatory Policy (MPRP) team, based in London.

The Icma board elected Stephen Fisher, head of government and public affairs of Deutsche Bank as deputy chair of ICMA for a three-year term.

The board also elected Gareth Allen, head of investment and execution of UBS, as vice-chair of ICMA for a term expiring in 2026.

Additional reporting by Tom Osborn and Jin Ye

Editing by Louise Marshall