People: JP Morgan’s data and AI move, Eurex clearing chief, and more

Latest job changes across the industry

JP Morgan has named Guy Halamish as chief operating officer of its commercial and investment bank, with responsibility for leading its data and artificial intelligence strategy, according to an internal memo. The memo, signed by CIB co-heads Doug Petno and Troy Rohrbaugh, said the bank is reorganising data and analytics leadership across businesses, including payments, global banking, securities services and markets. 

Chief data and analytics officers will report jointly to Halamish and business heads as the firm looks to improve data quality and governance and accelerate AI-enabled change.

Manuela Veloso

© ITU/R.Farrell/https://shorturl.at/1SoA7

In a related move, Manuela Veloso has left her role as head of AI research, after almost eight years at the US bank. The AI research group serves as a central hub for JP Morgan’s long-term development of AI, machine learning and related fields. 

In a LinkedIn post published on February 19, Veloso said she was stepping down from her position. She joined the bank in July 2018 to lead the AI research group, taking a leave of absence from her role as a professor of computer science at Carnegie Mellon University. It is unclear whether she intends to return to academia. 

JP Morgan declined to comment on Veloso’s departure. 

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Laura Bayley

Eurex Clearing has named Laura Bayley as chief executive officer, a position she will take up on June 1, joining the firm’s executive board. Bayley will move from SIX Group, where she is currently head of clearing services and chief executive of SIX x-clear.

She has a legal background and has worked on regulatory strategy, governance and integration projects across European clearing organisations, including x-clear and BME Clearing.

Before joining SIX Group, she was a legal trainee at Swiss law firm Vischer.

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Standard Chartered has appointed Peter Burrill as interim group chief financial officer. London-based Burrill was group head of central finance and deputy chief financial officer. He succeeds Diego De Giorgi, who is set to join alternative asset manager Apollo as head of Europe, the Middle East and Africa. 

Burrill reports to chief executive Bill Winters. The bank said it will announce a permanent chief financial officer in due course.

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Thomas Broeng Jorgensen

Photo: ECB

The European Central Bank has named Thomas Broeng Jorgensen as director-general for specialised institutions and less significant institutions, effective March 1. He will be responsible for the direct supervision of banks with specialised business models and for overseeing the supervision of less significant institutions by national supervisors.

Jorgensen has been deputy director-general responsible for the direct supervision of systemic and international banks since 2021 and joined the ECB in 2014, at the start of the single supervisory mechanism. He succeeds Patrick Amis, who becomes director-general for horizontal line supervision.

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Rokos Capital Management has hired Tarik Hsaini as head of quantitative investing, based in London. Hsaini joins from Deutsche Bank, where he was a managing director, and is understood to be joining Rokos as a partner.

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The UK Treasury has appointed Harriet Rees of Starling Bank and Rohit Dhawan of Lloyds Banking Group as joint artificial intelligence champions for financial services. The roles are unpaid direct ministerial appointments reporting to the economic secretary to the Treasury, Lucy Rigby. The pair will focus on the adoption of AI across financial services, in particular insurance and reinsurance, capital markets, retail investment, and asset management and wholesale services. The appointments run until September 30, 2026. 

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Barclays has appointed Chetan Vohra as global head of securitised products, based in New York. He will report to Adeel Khan, head of global markets, and will join the bank’s global markets management team. 

Vohra most recently worked at Cerberus Capital Management as a portfolio manager, and previously spent 19 years at Citigroup, including as the global head of securitised products trading.

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ING/Flickr https://shorturl.at/DvxBA

Ljiljana Čortan

ING is searching for a new chief risk officer after Ljiljana Čortan left the post to become the Dutch bank’s head of wholesale banking. In her new role, Čortan replaces Andrew Bester, who is taking a non‑executive role at the bank.

Čortan began her career at Croatia’s Zagrebačka banka in 1996, which became part of UniCredit in 2002. She was appointed CRO of HypoVereinsbank, part of UniCredit’s German operations, in 2018. She joined ING in the same role in 2021.

Andrea Cesaroni, currently head of integrated risk, will take on day-to-day responsibility for risk management until a permanent successor is hired. 

Elsewhere, ING has appointed Alexander Critien as global head of financial market rates and non-linear trading. In the newly created role, Critien will lead the global and non-linear trading platform, reporting to Niall Carton, global head of financial market trading.

Critien joins from JP Morgan where he spent nearly two decades in London and Paris, and most recently led the rates options business for Europe, the Middle East and Africa. The appointment comes as part of a broader refresh of senior leadership across ING’s markets franchise in recent months.

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The London Stock Exchange has appointed Charlotte Crosswell as a non-executive director, marking her return to the exchange more than two decades after she served as head of international business development. Crosswell has previously sat on the board of LCH. She was made president of Nasdaq OMX Europe in 2008 and went on to head the firm’s NLX derivatives platform, which launched in 2013. The platform ultimately closed in 2017 as it struggled to drum up volumes. 

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Robert Stheeman

Morgan Stanley has appointed Robert Stheeman as a non-executive director. Stheeman was previously chief executive of the UK’s Debt Management Office, where he spent 21 years, stepping down in 2024. Before joining the DMO in 2003, he worked for 16 years in debt capital markets at Deutsche Bank in London.

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Electronic agency execution provider Liquidnet has appointed Michael Gibbons as global head of listed derivatives business development. Gibbons joins from Morgan Stanley, where he spent 12 years leading electronic futures sales and global markets coverage. In that time, he focused on adoption of algorithmic execution and transaction cost analysis tools. Based in New York, he will report to Marianna Rayetskyy, global head of listed derivatives.  

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Crypto clearing house ClearToken has made two senior leadership appointment, naming Mark Williamson as chief commercial officer and Chris Smith as chief operating officer. Williamson will lead product management, sales, marketing and strategy, joining after senior roles at HSBC, BNP Paribas and JP Morgan.

Smith will lead operational delivery. He brings more than 25 years of post-trade and financial market infrastructure experience, most recently serving as interim chief operating officer of LME Clear.

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Crypto exchange Kraken has appointed John Palmer as the global head of derivatives. Palmer joins from IEX, where he was head of cross-asset product and previously held senior roles at Cboe Global Markets, including across derivatives and digital asset market infrastructure.

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William Jauquet, the former acting director of enforcement at the Office of the Comptroller of the Currency, has joined law firm Morgan Lewis as a partner in the Washington, DC office. He will work on financial regulatory and enforcement litigation and investment management practices. 

The OCC has suffered an exodus of staff in previous months as it sheds around 30% of its workforce, raising concerns over its continued ability to supervise banks effectively.

Jauquet spent more than a decade at the OCC in senior enforcement roles and began his career at the Internal Revenue Service as an economist.

Additional reporting by Menghan Xiao; editing by Alex Krohn