People: BofA names new markets heads, SG’s Mastrangelo moves to Barclays, and more

Latest job changes across the industry

Bank of America has named Denis Manelski and Soofian Zuberi as co-heads of its global markets division following the promotion of former president of global markets Jim DeMare to co-president of the US bank.

Manelski and Zuberi will report to DeMare and Dean Athanasia, who was named co-president alongside DeMare in September.

Zuberi headed global equities for four years, where he presided over an expansion of the bank’s equity derivatives and structured products activities. A 30-year veteran of the bank, having joined Merrill Lynch in 1993, Zuberi has held a series of roles across equities and fixed income.

Jim DeMare

Manelski, who has been with the bank for more than 20 years, most recently served as head of sales for fixed income, currencies and commodities (Ficc).

The global equities business will now be led by Glenn Koh, equities trading head, and Stuart Bourne, who runs the bank’s prime brokerage business. Both take on the new roles alongside their existing responsibilities.

Laura Chepucavage and Carlos Fernandez-Aller have been named co-heads of a new global Ficc Macro division, which combines global financing and futures, global rates, counterparty portfolio management and foreign exchange.

Chepucavage, who has worked at the bank for more than two decades, has run the global futures and financing unit since its formation in May 2024. Fernandez-Aller headed FX and emerging markets macro trading.

Matt McQueen will become head of global Ficc Micro, covering mortgages and securitised products, municipal banking and global credit.

Brian Carosielli becomes head of global markets sales, responsible for global Ficc sales, equities distribution and strategic relationship management.

The bank also created a new Global Capital Solutions division focused on clients with complex financing needs across public and private markets. This will be led by Karen Fang and Sarang Gadkari.

Fang will retain her current role leading the global infrastructure and sustainable finance group, while Sarang will continue to co-head capital markets alongside Lisa Clyde.

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Jean-François Mastrangelo

Barclays has hired Jean-François Mastrangelo to head its markets business in Asia-Pacific.

Mastrangelo joins from Societe Generale where he spent almost 20 years, most recently as head of equities for Asia-Pacific. Prior to this he headed cross-asset structuring at the French bank.

Based in Hong Kong, Mastrangelo will report to global markets head Adeel Khan and Jaideep Khanna, chief executive for the Asia-Pacific region.

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Lloyds has appointed John Langley as chief executive of its corporate and institutional banking (CIB) business.

Effective March 2026, Langley joins from Wells Fargo, where he most recently held the dual role of chief operating officer for CIB and headed the bank’s international business in New York.

He replaces John Winter, who will step down after four years in the role. Winter will continue to work in the division as vice-chair, liaising with the bank’s largest clients.

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The European Central Bank’s executive board has switched up the senior management of its banking supervision team following the forthcoming departure of Ramón Quintana, who will retire from the bank in February 2026 and join Banco de España.

Quintana is currently director-general for supervision of systemic and international banks – one of three supervision directorates alongside universal and diversified institutions, and specialised and less significant institutions.

Korbinian Ibel, currently director-general for supervision of universal and diversified institutions, will take over from Quintana to cover systemic and international banks.

Thijs van Woerden, director-general for horizontal line supervision, will take over from Ibel covering universal and diversified institutions. Patrick Amis, director-general for systemic and international banks, moves into van Woerden’s current role, as director-general for horizontal line supervision.

The ECB is seeking to appoint a new director-general for systemic and international bank supervision. The changes will take effect in March 2026.

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Antonia Apps will conclude her tenure as deputy director of enforcement for the US Securities and Exchange Commission on December 1. She joined the agency in 2023 as a regional director for the New York office and was appointed to the role in January 2025.

Prior to joining the SEC, Apps was a litigation partner at law firm Millbank, where she worked on criminal, regulatory and complex civil cases. She has also taught criminal law and procedure at Harvard law school.

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Tommaso Mancini-Griffoli is set to become the new head of the Bank for International Settlements’ Innovation Hub, whose work is focused on digital currencies, payment infrastructure and artificial intelligence.

Mancini-Griffoli currently serves as an assistant director in the monetary and capital markets department of the International Monetary Fund, responsible for payments, currencies and infrastructure.

He will take the reins in March 2026 for a five-year term and will be a member of the BIS executive committee.

Prior to joining the IMF, Mancini-Griffoli was a senior economist advising the board of the Swiss National Bank on monetary policy. He has previously held roles at Goldman Sachs.

He will replace Cecilia Skingsley who left the role in June following her appointment as country governor for the County Administrative Board of Stockholm.

The BIS’s deputy general manager, Andréa Maechler, continues to oversee the innovation hub until Mancini-Griffoli assumes his position.

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Scotiabank has promoted Phil Thomas to group head and chief strategy and operating officer. Thomas, who joined the bank in 1997, has served as group head and chief risk officer since September 2023.

Shannon McGinnis will take over as chief risk officer after joining the bank last year as deputy CRO. Tracy Gomes has also been appointed chief risk officer for Canadian banking, global wealth management and credit risk.

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UK asset manager L&G has recruited Ryan Lee to head liquidity distribution. Lee will report to Laura Brown, head of public markets distribution, and oversee the distribution of L&G’s cash and money market fund strategies.

Lee most recently served as a director for institutional liquidity management, UK and Ireland, at DWS Group. He spent 16 years at Goldman Sachs as an executive director for global liquidity sales.

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André Léger

RTX Fintech, a US electronic interdealer trading platform for interest rate swaps, has hired André Léger as chief product officer and head of markets for Asia. Léger joins from ANZ, where he was head of electronic fixed income strategy, according to his LinkedIn profile. He spent time as a trader with NatWest and Goldman Sachs following a 13-year stint as a rates trader at BNP Paribas. 

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Gary Pettit will join Marex as global head of rates starting in January. Pettit was appointed chief executive of Sigma Broking in February 2024 and stepped down from the role in June of this year. He has spent more than 35 years in the broking industry, including as chief executive for ED&F Man Capital Markets, and a global head of financial futures and options at Icap.