Noreen Doyle named as first female BBA chair, and other recent job news

Credit Suisse board member joins trade body for UK banking industry

Noreen Doyle: BBA chair

Noreen Doyle has been appointed the new chair of the British Bankers' Association (BBA) – the first woman to hold the position. She will replace Nigel Wicks who made the decision to step down in December last year. The move will take effect from October 17.

Doyle is currently chair of the board at Credit Suisse International and vice-chair of Credit Suisse Group. Previously she worked as first vice-president of the European Bank for Reconstruction and Development, a role which saw her work closely with governments and regulators to develop eastern Europe's banking system to promote lending to emerging small and medium-sized enterprises.

 

Sekhon becomes OCC deputy comptroller

Amrit Sekhon has been named deputy comptroller for capital and regulatory policy at the US Office of the Comptroller of the Currency (OCC), where he will serve as the key adviser on domestic and international policies related to bank capital as well as the comptroller's representative at Basel Committee meetings.

Sekhon joined the OCC as a risk specialist in the capital policy division in 1998 and was appointed director for capital policy in 2007. He has frequently acted as the OCC's representative on Basel subgroups, including chairing the Ratings and Securitization Subgroup that was responsible for developing capital treatment for complex structured financial transactions. Sekhon will be succeeding Charles Taylor and will assume his new duties on October 4.

 

Fed names payments security leader

Federal Reserve Bank of Chicago senior vice-president Todd Aadland has been appointed payments security strategy leader at the Federal Reserve. Aadland's new role will see him focus on fraud risk and improving the security and resiliency of the payments system. He will also chair the Secure Payments Task Force, a forum made up of more than 170 stakeholders from the payments space.

Aadland has worked at the Fed in various positions for 20 years, leading such functions as risk management, security and application development. He also held a senior role for the business strategy and management of FedLine access solutions – used by more than 10,000 US financial institutions to process payments worth $4 trillion daily, according to a Federal Reserve statement.

 

Cole-Fontayn elected Afme chairman

Michael Cole-Fontayn has been elected as the new chairman of the board for the Association for Financial Markets in Europe (Afme), succeeding Frédéric Janbon of BNP Paribas, who has completed his two-year term.

Cole-Fontayn is executive vice-president at global investments company BNY Mellon, where he is a member of the corporate executive and operating committees as well as chairman of Europe, Middle East and Africa (EMEA).

Cole-Fontayn has been a board member of Afme since December 2011, serving both as treasurer as well as being a member of Afme's executive committee.

 

Ex-US Army chief of staff joins JP Morgan

JP Morgan Chase has hired Raymond Odierno, retired four-star general and former chief of staff of the US Army, in a senior advisory capacity. Odierno will report to chairman and chief executive Jamie Dimon, the board of directors and operating committee on issues spanning international planning and country risk analysis to technology, operations, and physical and cyber security.

He will assist with the bank's leadership development training programmes and also advise the bank's "cities" initiatives, such as the Global Cities Initiative and New Skills at Work, meeting with business and government leaders to provide them with analysis and policy ideas.

 

Price swaps Barclays for Linklaters

Law firm Linklaters has hired Jean Price from Barclays to join its financial regulation group as counsel.

Price previously spent four years as head of the financial services legal team at Barclays' wealth and investment management division, where she worked on several strategic projects to address risk and contractual matters.

She also worked in the Cyprus branch office to lead local compliance and business teams with capital controls and the application for international credit institution status. Price was also tasked with Barclays' implementation of Europe's Payments Services Directive.

At Linklaters, Price will focus primarily on providing retail banking clients and other providers with detailed technical knowledge on consumer credit.

 

Ex-DOJ fraud chief joins Willkie Farr

William Stellmach, former acting chief of the fraud section of the US Department of Justice's criminal division, has joined law firm Willkie Farr & Gallagher as a partner in its Washington office.

As the leader of the DoJ's nearly 100-strong fraud section, Stellmach was responsible for several high priority cases involving securities and commodities, accounting, health care and government procurement, as well as supervision of all criminal Foreign Corrupt Practices Act investigations and prosecutions in the US.

Stellmach will work in the firm's litigation department and will focus on white collar criminal defence and government investigations.