People news: SocGen promotes Garnier to head sales

Yann Garnier: promoted to head of sales for global markets at SocGen

Societe Generale has promoted Yann Garnier to become head of sales for global markets. He will leave his role as head of global markets for Asia-Pacific and relocate to Paris in the coming months.

Garnier spent eight years in Hong Kong, initially in a senior role in derivatives and structured products sales for Asia-Pacific at SocGen. He added a fixed income and currencies sales remit in 2011, before becoming deputy head of global markets for Asia-Pacific in 2015. He initially joined SocGen in 1998.

In his new position, Garnier will report to Frank Drouet, head of global markets, who had been supervising the global markets sales activity for six months up to the start of 2018.

Jerome Niddam, previously head of financial engineering for Asia-Pacific at SocGen, takes over Garnier’s old post, subject to regulatory approval. He continues to be based in Hong Kong, reporting to Hikaru Ogata, chief executive officer for Societe Generale in Asia-Pacific, and to Drouet.risk

SocGen has also named Albert Loo (pictured) as deputy head of sales for global markets, with a specific focus on digital and innovation. This newly created role is Paris-based, reporting to Garnier. Loo previously led sales for fixed income, currencies and cross-asset products at the French bank.

Separately, Societe Generale has lost Yves Dupuy, who switches to Euroclear to become the settlement provider’s chief information officer. Based in Brussels, he will report to Lieve Mostrey, chief executive. Dupuy’s previous role at SocGen was chief information officer in the global banking and investor solutions division for Europe, the Middle East and Africa.

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Mark Chen has become co-head of equity derivatives for the Americas at Deutsche Bank. He joins from Citi, where he held various roles in equity derivatives trading over a six-year period.

Chen’s fellow co-head, David Silber, another Citi alumnus, left the bank last April to move to Deutsche. Among other recent senior additions to the German bank’s equities function is Peter Selman, who joined in November as head of global equities. Selman reports to Tom Patrick, chief executive of the Americas region.

Chen started his career in 2006 at Morgan Stanley, moving to Citadel Securities in 2009 for a one-year stint.

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Mizuho has made Arunesh Hari head of corporate derivatives. He joins from Velocity Capital, where he served as senior portfolio manager.  Before that, he worked at Citi as a managing director on the equity derivatives desk.

Based in New York, Hari reports to Matthew DeSalvo, head of equities.

His arrival follows Lindsey Burik’s appointment in May as head of electronic trading. George Nikitiadis also joined in October as head of program trading. These roles are also newly created, based in New York and reporting to DeSalvo. Burik formerly worked at Goldman Sachs and Nikitiadis was previously head of equity sales and trading at Chardan Capital.

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Zoher Karu (pictured) has joined Citi as head of Asia-Pacific data and analytics. He relocates to Singapore from San Francisco, where his previous role was chief data officer at online auction site, eBay.

Karu’s newly created position entails overseeing Citi’s data and analytics systems within the consumer banking business in Asia-Pacific. He reports to Anand Selva, head of Asia-Pacific consumer banking.

Before eBay, Karu worked as vice-president of marketing analytics and insight at Sears Holdings, and has also held positions at companies looking into customer insights from voice conversations or through studying habits and preferences in physical stores.

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Mieko Shibata has joined Bank of America Merrill Lynch as a managing director. She leaves the Depository Trust & Clearing Corporation, where latterly she was head of the derivatives technology group.

She previously worked as global head of clearing and collateral management technology at JP Morgan. Before that, she spent 20 years at Morgan Stanley in a variety of tech roles.

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Ice Clear Europe has nabbed Boudewijn Duinstra from ABN Amro to be head of first line clearing risk. Based in London, Duinstra will report to Finbarr Hutcheson, president of Ice Clear Europe.

Duinstra was previously global chief risk officer at ABN Amro Clearing Bank.

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Diana Chan (pictured), chief executive officer at Amsterdam-based clearing house EuroCCP, will step down from her role on July 1, 2018, the firm said in a statement. She will assume the position of senior adviser to the chairman of the board of EuroCCP.

Chan joined EuroCCP in 2007 from Citi, where latterly she led market strategy and policy for the securities and fund services division.

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CBOE Europe has hired Matt Beales to lead the sales team for block trading platform CBOE Large in Scale. London-based Beales reports to Jerry Avenell, co-head of sales at the firm.

CBOE Europe was formed from the acquisition of Bats Global Markets by the Chicago exchange operator in 2017. The European arm of the business, Bats Europe, was subsequently rebranded CBOE Europe.

Previously, Beales worked in sales at Liquidnet for 15 years, helping build relations with buy-side companies in Europe.

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BNP Paribas Asset Management has appointed Philip Dawes as head of institutional sales for the UK and Ireland. Based in London, Dawes reports to Charles Janssen, head of institutional sales for Europe.

Dawes will oversee the development of BNPP AM’s business across UK clients such as insurers and pension funds, and will contribute to the development of its product strategy.

Previously, Dawes worked at Allianz Global Investors for 16 years.

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Michael Cole-Fontayn (pictured) has become independent chairman of the Association for Financial Markets in Europe. Cole-Fontayn previously spent two years as chairman of AFME in his capacity as board member of investment company BNY Mellon.

He retired from BNY Mellon last December, prompting the change of role at AFME.

Cole-Fontayn spent 35 years at BNY Mellon, becoming chairman for Europe, the Middle East and Africa, and member of the executive committee.

Hani Kablawi has assumed the position of Emea chairman at BNY Mellon, as well as chief executive officer of global asset servicing. He previously held the role of chief executive officer of investment services for Emea.

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Deloitte has hired John Kent as a partner in its UK banking and capital markets team, where he will jointly lead the banking IFRS advisory practice. The practice offers advice on international financial reporting standards.

Based in London, Kent reports to Rob Topley, head of banking audit.

Previously, Kent worked for six years as global head of IFRS in HSBC’s asset and structured finance team. He has expertise in financial instruments and structured transactions.

Kent will focus on incoming IFRS rules and helping clients with the incremental capital effects of the new regulation.

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Technology firm Axioma has named Ian Lumb as head of risk solutions. In the newly created position, he reports to Chris Canova, who leads client sales.

Lumb moves from UBS, where he was in charge of UBS Delta, a portfolio analysis and risk management system which the Swiss bank sold to StatPro last May. He helped change the proprietary system into a commercially viable model, and oversaw the sale process.

Earlier, Lumb worked at Nomura International as a relative value analyst and also held roles at PaineWebber International and Kidder Peabody.

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AiX, an artificial intelligence broker which launched in November 2017, has hired former Citi veteran Steve Compton as an adviser.

AiX claims to use machine learning and blockchain technology to improve trade efficiency and transparency. AiX also aims to broker cryptocurrencies, alongside traditional markets.

Compton will be remotely based in the role. He is a former managing director in the global markets division at Citi, and has experience in G10 fixed income.

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Martin Adams has joined CloudMargin, a web-based collateral and margin manager, as head of client operations. Based in London, Adams will report to chief operating officer Steven Marconi.

Adams moves from Lombard Risk, where he spent two years in product development for collateral management, and pre-sales. Before that, he worked in derivatives clearing operations at JP Morgan, and has held clearing and derivatives ops roles at Bank of America Merrill Lynch, Morgan Stanley and Salomon Brothers over a 26-year career.

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Fintech company Quantitative Brokers has poached Ralf Roth from IHS Markit to be its new chief executive officer. Roth was chief technology officer in IHS Markit’s equities division. He also spent four years as global head of Elektron, Thomson Reuters’ data platform, leaving in 2015.

Based in New York, Roth took up his new role on December 18, the firm said in a statement.Outgoing CEO Christian Hauff, a co-founder of Quantitative Brokers, will continue as a member of the firm’s board and executive committee.

In September, Quantitative Brokers hired Thomas Ascher as executive chairman. Ascher was previously president and CEO of technology services provider Longitude and chief strategy officer at International Securities Exchange, and has also served on several industry boards.

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