People moves: Credit Suisse’s Dainton departs

UniCredit promotions; Hazlewood leaves Deutsche; Goldman's CIO; senior forex hire at SG

Credit Suisse's global markets division loses Emea co-head

Stephen Dainton, co-head of global markets for Europe, the Middle East and Africa (Emea), and head of UK and Emea global markets equities, is leaving Credit Suisse after more than 13 years with the bank. His global markets role will be covered by Eraj Shirvani on an interim basis. Shirvani will also retain his role as head of global markets solutions.

Dainton’s responsibilities for managing the Emea global markets equities platform will be immediately assumed by Nas Al-khudairi, Steve East and Jeff Jennings. Dainton has led the UK and Emea global markets equities business since 2005 and became co-head of global markets for Emea in March 2016.

Separately, Credit Suisse has made Benjamin Cavalli its chief executive for Singapore. Cavalli, who has worked in the city-state for the past 15 years, currently serves as head of private banking in South-east Asia. Lito Camacho, who was in Cavalli’s position previously, will continue to be vice-chairman for Asia-Pacific.

Cavalli will report to Francesco de Ferrari, head of private banking for the Asia-Pacific region and chief executive for South-east Asia.

Tan Kuan Ern, currently head of international banking and capital markets in Singapore, will become Cavalli’s deputy.

The bank has named Mathew Cestar and Jeff Cohen as co-heads of global leveraged finance capital markets. The role has been vacant since March 2013 when David Miller moved to become co-head of global credit products.

Miller is now sole head of global credit and securitised products.

Cestar, who currently serves as co-head of global credit products for Emea, as well as head of leveraged finance in the region, will retain his existing responsibilities. Cohen will manage the US high-yield and leveraged loan business. Previously, he was leading loan capital markets in the US. This position has been taken by Jonathan Moneypenny who now reports to Cohen.

Cestar and Cohen will report to David Miller.

 

UniCredit has announced a raft of appointments within its corporate and investment banking (CIB) division.

Munich-based Tong Lee, currently head of rates, is being promoted to head fixed-income and currencies trading activities, including foreign exchange trading, flow rates, structured fixed income, flow credit, and central and eastern Europe trading.

Lionel Bignone, head of equity derivatives trading, will now lead all equity and commodity products trading, providing equity, funds and commodity products and solutions to clients.

Terence Tsang, head of integrated credit trading, will also assume additional responsibilities: he has been put in charge of securitisation activities.

Sergio Ravich Calafell, head of corporate solutions for Germany and international head of corporate treasury sales, will now lead UniCredit’s corporate treasury sales globally. He is taking on some of the duties of the current global head of corporate treasury sales and deputy head of markets, Kevin Krespi, who is retiring.

Bignone, Tsang and Calafell are based in London. They and Lee will report to Guy Laffineur, UniCredit’s global head of markets.

UniCredit’s current head of the financial institutions group for France, Jérôme Frizé, has been promoted to global head of financial institutions. His predecessor, Vincenzo Tortorici, has decided to leave the bank to pursue other opportunities, according to a statement. Frizé will be based in Milan.

 

Deutsche Bank’s head of financial crime, Peter Hazlewood, has left the bank only six months after taking up his role. Hazlewood was based in Frankfurt and reported to Sylvie Matherat, Deutsche’s chief regulatory officer.

Prior to joining the German lender in 2016, he was global head of anti-money laundering compliance at HSBC for two years. In the past, Hazlewood also held senior anti-financial crime positions at JP Morgan, DBS and Standard Chartered.

Hazlewood’s position has been filled by Philippe Vollot, who is now the new global head of financial crime and group money laundering reporting officer. Having been with Deutsche for 13 years, Vollot’s most recent position was global chief operating officer for regulation, compliance and anti-financial crime.

He will be based in Frankfurt, reporting to Matherat, and will continue to be a member of the executive committee.

Deutsche will also part ways with Michael Ormaechea, its head of global markets in Asia-Pacific and chief country officer for Australia. His responsibilities will be handed over to David Lynne and James Boyle, who will become co-heads of global markets in Asia. Lynne will remain responsible for fixed income and currencies, and Boyle will continue overseeing equities in the Asia-Pacific region.

They will report to Garth Ritchie, head of global markets and Werner Steinmüller, chief executive for the Asia-Pacific region. Ormaechea’s successor as chief country officer for Australia has yet to be announced.

 

Goldman Sachs has made Elisha Wiesel its new chief information officer (CIO). Currently serving as chief risk officer for the securities

division and global head of securities division desk strategists, Wiesel will report to Martin Chavez, who held the CIO role until last year, and is now the bank’s chief financial officer-

in-waiting.

In his new role, Wiesel will be responsible for the firm’s technology strategy and modernisation. Wiesel joined the bank in 1994 as an analyst in the currency and commodities division. He became a partner in 2004.

 

Societe Generale has hired London-based Tom Gillie as its new global head of forex option and spot G10 trading. Gillie will report to Michel Bine, head of fixed-income and currency trading, and Alexandre Dupuis, his deputy.

Previously, Gillie worked at Credit Suisse, where he was in charge of forex options trading, and Bank of America Merrill Lynch, where he was global co-head of forex trading.

Alessandro Gumier: Italy role

Societe Generale has also hired Alessandro Gumier as head of global banking and investor solutions division in Italy. Gumier will also serve as the bank’s head of coverage and investment banking for Italy. The new hire will report to Thierry d’Argent, co-head of coverage and investment banking.

Gumier joined SocGen from Bank of America Merrill Lynch, where his most recent position was head of global corporate banking. He has more than 30 years’ experience in the Italian corporate and investment banking industry, having held various positions at Standard Chartered, Citibank and UniCredit. Gumier will be based in Milan.

 

Ray Kahn, the former head of over-the-counter derivatives client clearing at Barclays, has joined Ice to focus on its interest rate derivatives business, the exchange group has confirmed.

Kahn – who was a managing director with Barclays in New York, leading agency derivatives services risk, treasury, resources and regulatory management – left the bank around six months ago. He joined Ice on January 3, the exchange confirmed.

 

Mizuho has appointed Borja Rivas as head of derivatives risk solutions for Emea. London-based Rivas reports to Yasuhiro Shibata, deputy chief executive at Mizuho. Rivas replaces Nessan O’Carroll, who held the role since December 2014 but has now transferred to the firm’s Tokyo office.

Since 2015, Rivas has been head of capital financing covering Iberia within HSBC’s global banking and markets division, providing integrated financing business that combined the fixed-income and equity capital markets.

In his new role, he will lead the development of international derivatives risk solutions in Emea within the fixed-income business division.

 

Derek West: moves to DTCC

The Depository Trust & Clearing Corporation (DTCC) has hired Derek West as chief compliance officer for the firm’s European business.

He will report to Andrew Douglas, chief executive of the global trade repository for Europe.

The former senior director of derivatives oversight at the Quebec Autorité des Marchés Financiers (AMF), West will now be overseeing compliance with the European Market Infrastructure Regulation, trade repository requirements, and other relevant regulations.

Prior to this role at the AMF, West was director of strategic planning and development at the National Futures Association in Chicago. West will be based in London.

 

Eris, the US-based futures exchange, has hired George Harrington, former head of Bloomberg global markets. He will be responsible for onboarding support providers for clearing, order management and execution, as well as developing Eris’s client offering.

At Bloomberg, he oversaw the general strategy and delivery of fixed-income trading, and Bloomberg’s foreign exchange platform and execution management system. Harrington was also responsible for Bloomberg’s swap execution and multilateral trading facilities, as well as Japanese electronic trading platforms.

In the past, Harrington managed the credit default swap execution business at Tradeweb and worked in corporate valuations at PwC.

 

BNP Paribas has appointed Lutz Diederichs as group head of Germany. After a transition period, Diederichs will also become chairman of the group management board for Germany. Prior to joining BNPP, Diederichs spent nearly 25 years at HypoVereinsbank, UniCredit’s Munich-based subsidiary. He became a member of the bank’s board in 2009.

Lutz Diederichs: BNP role

The new hire will report to Philippe Bordenave, chief operating officer, replacing Camille Fohl, who will take up a new role in Paris, advising BNPP’s group executive committee.

 

Timothy Massad has resigned as chairman of the US Commodity Futures Trading Commission after leading the top US derivatives regulator for nearly three years.

He became chairman in 2014 and prior to assuming the position also held several posts at the US Department of Treasury. In the past, Massad worked as a lawyer in private practice at Cravath, Swaine & Moore.

At an event hosted by the London School of Economics in January, Massad told Risk.net he was planning to take a break before deciding his next move.

 

ABN Amro’s managing board member, Joop Wijn, will step down on May 1, 2017. He will join the managing board of payment fintech company Adyen as chief strategy and risk officer.

Wijn started his career at ABN Amro in 1994 and left in 1998 to join the Dutch parliament. His public sector roles have included state secretary for finance and minster of economic affairs. He spent several years overseeing SME financing at Rabobank.

Currently in charge of the bank’s corporate banking division, Wijn rejoined ABN Amro in 2009 and was appointed to the managing board in 2010. A spokesperson for the bank told Risk.net that Wijn’s successor has not yet been named.