Fishwick hands over BlackRock CRO role, Citi expands Asia FX team, and more

Latest job changes across the industry

Edward Fishwick

Edward Fishwick is stepping down as BlackRock’s chief risk officer, as reported by Risk.net. Fishwick, who has been CRO since 2022, is understood to be moving to the asset manager’s risk and quantitative analysis (RQA) group, where he will head research. He will be based in London. 

Fishwick previously co-headed the RQA group in London for 15 years.

Pierre Sarrau will become CRO in the new year. Sarrau is currently co-head and chief investment officer for multi-asset strategies and solutions, and head of active investments in EMEA.

Elsewhere at the asset manager, Paul Clifford has been appointed as senior multi-asset trader. Clifford joins from Citi where he spent more than 11 years, most recently as head of trading, according to his LinkedIn profile.  BlackRock declined to comment. Citi did not respond to a request for comment.

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Citi has expanded its foreign exchange team in Japan, Asia North & Australia (JANA) and Asia South with seven new hires.

Two additions were made to the corporate FX sales team. Manoj Goel was appointed head of corporate FX sales for India. Goel was previously head of global markets corporate sales at Citi. In his new role he will report to Vandana Bhatter, head of corporate FX sales for JANA and Asia South and Aditya Bagree, head of markets for India.

Returning to Citi from Barclays, Cassalynne Lou joins the Singapore corporate FX sales team, reporting to Galvin Phua, head of markets solutions for Citi Commercial Bank clients and acting head of Singapore corporate FX sales.

In the institutional FX sales team, the bank appointed Yusuke Aita as a director in Tokyo, reporting to Anand Goyal, head of institutional FX sales for JANA and Asia South. Most recently Aita was at BNP Paribas covering FX institutional sales. Renee Gao also joined as a director in Hong Kong, reporting to Chen Ni, head of FX institutional sales for Asia North and Australia. Gao has previously worked at Goldman Sachs and HSBC.

Joining from UBS, Matthew Lim has also been appointed as a vice-president in the institutional FX sales team in Singapore, reporting to Timothy Young, head of FX real money and bank sales for Asia South.

The FX trading team made two further appointments based in Singapore. Nicky Lam becomes director in Citi’s G10 FX options trading team, reporting to Akshay Saxena, head of FX options, and Jonathan Chau has been hired as a Singapore dollar and and short-term interest rate trader, reporting to Dany Checrallah, a director and senior emerging markets FX trader.

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Nomura has transferred leadership of risk methodology from London to Tokyo following the departure of Eduardo Epperlein who held the role for 15 years.

Epperlein has taken on a newly created role as a senior technical adviser, as recently reported on Risk.net.

Tomomitsu Nakamura was appointed as the new global head in mid-September. He was previously the bank’s head of risk methodology group for Japan. Both Nakamura and Epperlein report to Nomura’s chief risk officer, Sotaro Kato.

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Andy Ross

Andy Ross, global head of prime and financing products, has left Standard Chartered, as recently reported by Risk.net. Ross previously headed the London Stock Exchange Group’s interest rate derivatives platform CurveGlobal as its chief executive from 2016. He was appointed as a member of LSEG’s capital markets management team in 2020, and previously worked at Morgan Stanley. 

At Standard Chartered, Ross joined as global head of prime brokerage and later added the role of UK head of financial markets at the bank.

A spokesperson for Standard Chartered declined to comment on Ross’s replacement.

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Lloyds Banking Group has appointed Peter Fitzgerald as its new chief investment officer. He replaces Kevin Doran, who will be leaving in early 2026.

Peter Fitzgerald

Fitzgerald previously served as CIO for multi-asset and macro at Aviva Investors. Prior to this, he held senior roles at BNP Paribas Wealth Management and Insinger de Beaufort.

He will start his role early next year, reporting to Chirantan Barua, chief executive for insurance, pensions and investments, and chief executive of Scottish Widows, which is part of the unit. The group also recently acquired Schroders Personal Wealth business.

An Aviva spokesperson did not respond to a request for comment on Fitzgerald’s replacement.

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Matthew Armas

Prudential Financial has appointed Matthew Armas as chief investment officer. Effective March 12, Armas will succeed Timothy L. Schmidt, who will retire in 2026 after 16 years at the firm

Armas will report directly to CEO Andrew Sullivan and be based in Newark. Prior to joining Prudential, Armas was global co-head of insurance at Goldman Sachs Asset Management.

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Simon Manson has been named head of new trading products and market structure at LSEG. Manson spent almost six years at Swiss exchange group SIX, most recently as head of equity products and quant research. Prior to this, he spent seven years at Benchmark Holdings according to his LinkedIn profile.

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Graeme Farrell

Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Graeme Farrell as group chief risk officer, effective January 12. Farrell will replace Richard Wise, who is leaving HKEX after five years. Farrell will become a member of HKEX’s management committee and report to HKEX chief executive, Bonnie Y Chan.

Before joining HKEX, Farrell was group chief risk officer for Interactive Brokers.

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Changes are being made to MUFG Bank’s board of directors, effective April 1, 2026. Noaki Hori is stepping down as chairman to take on the new position of senior adviser. Yutaka Miyashita, senior managing executive officer, will take over as chairman.

Masakazu Osawa will become the new president and chief executive, succeeding Junichi Hanzawa, who has taken a new position as a member of the board of directors.

Further retirements include Hironori Kamezawa and deputy president Hiroyuki Seki.

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UBS has shuffled its executive board. Effective January 1, Beatriz Martin will become group chief operating officer and manage the group technology function. She succeeds Mike Dargan, who stepped down at the end of December as group chief operations and technology officer. Chris Gelvin will head group technology in the interim alongside his current role of chief operating officer, for group technology.

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André Helfenstein

SIX’s current chairman Thomas Wellauer has chosen not to stand for re-election at the 2026 annual general meeting in May. After five years, he will hand the role André Helfenstein. Alongside serving on SIX’s Board of Directors since 2020, Helfenstein was also chief executive of Credit Suisse Switzerland, and responsible for the bank’s Swiss business from 2020-2024.

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Sophie Dupré-Echeverria

AustralianSuper, the Australian superannuation fund, has appointed Bob Debi-Tewari as head of international equity portfolio, based in London. Debi-Tewari was previously deputy chief investment officer and head of equities and externally managed Funds at Shell Asset Management. In addition, Sophie Dupré-Echeverria has been appointed as head of group risk and compliance, international. Dupré-Echeverria most recently served as chief risk and compliance officer at Gulf International Bank UK.

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Rémi Bouchez

Rémi Bouchez has been appointed the new Ombudsman of the Autorité des Marchés Financiers, taking over from Marielle Cohen-Branche who spent 14 years in the role.

Additional reporting by Mauro Cesa, Luke Clancy and Samuel Wilkes

Editing by Helen Bartholomew