People moves: Credit Suisse taps Goldman for new CRO, BNPP names new head of prime services, and more

Latest job changes across the industry

Credit Suisse has named David Wildermuth chief risk officer (CRO) and a member of its executive board. He joins bank from Goldman Sachs, where he is currently deputy CRO, and will start no later than February 2022. Wildermuth will be based in Zurich and report to group chief executive Thomas Gottstein. Current interim CRO Joachim Oechslin will remain in his post until Wildermuth comes aboard.

At Goldman, Wildermuth is also a member of the board of Goldman Sachs International Bank. He joined Goldman in 1997, progressing to senior roles including CRO for Europe, the Middle East and Africa (Emea) and global chief credit officer. Wildermuth recently spoke with Risk.net about the bank’s approach to climate risk controls.

After the handover to Wildermuth, Oechslin will return to his role as strategic adviser to Gottstein.

Credit Suisse has also appointed Joanne Hannaford as chief technology and operations officer, and a member of the executive board, effective from January 2022. She will be based in Zurich and report to Gottstein. Hannaford will replace current chief operating officer (COO) James Walker, who will continue in this position until the end of the year.

“Joanne’s expertise in leading technological changes as well as implementing digital strategies will be key as Credit Suisse further focuses on technology to deliver value for its clients,” Gottstein said.

Like Wildermuth, Hannaford will move from Goldman, where she has been a partner since 2014. According to her LinkedIn profile, she is currently head of Emea technology and global head of quality assurance engineering at the US bank. Her previous role was global head of corporate and operations technology.

Once Hannaford takes over from Walker, he will become the deputy chief executive of Credit Suisse’s US subsidiary.

The flurry of appointments at Credit Suisse continues with Janice Hu, who became chief executive of the bank’s business in mainland China in early July. She has been tasked with increasing the firm’s presence in the country and enhancing its position.

Hu has held various senior positions at Credit Suisse, such as vice-chairwoman of China and head of China investment banking. Her promotion follows the departure of Zhenyi Tang, who is leaving the financial sector. According to his LinkedIn profile, he was China chief executive at Credit Suisse since July 2019.

In another senior appointment, Markus Ruetimann has taken up the role of global COO of Credit Suisse Asset Management. He reports to Ulrich Körner, chief executive of the division.

Meanwhile, Amélie Perrier was recently named head of counterparty market risk at Credit Suisse. Her LinkedIn profile shows her previous position as global head of equity market risk.

Floriana Scarlato left Credit Suisse in mid-July after serving just four months as head of compliance at the firm’s Swiss Universal Bank division, which caters to private, corporate and institutional clients based in Switzerland. Alongside that position, she was a member of the division’s management committee and part of the executive board of Credit Suisse (Switzerland) Ltd.

Scarlato is the second senior compliance executive Credit Suisse has lost in recent months: group chief risk and compliance officer Lara Warner departed in April amid fallout from the Greensill and Archegos scandals.

Scarlato has held a number of leadership roles at the bank, including head of compliance in the International Wealth Management division. Credit Suisse said she had decided “to pursue a new challenge outside the bank” and that her successor would be announced in due course.

Other recent moves at Credit Suisse include the appointment of Arun Cronin and Brad Larson as co-heads of the global collateralised loan obligations (CLO) and corporate asset finance business. Cronin’s previous roles at the bank included head of Emea CLO. According to Larson’s LinkedIn profile, he has been promoted from the position of global head of CLO origination, structuring and syndication. 

In addition, Zarina Mahmud has joined the bank as head of diversity and inclusion for Emea and the UK.

Lastly, Risk.net understands that Matthew Chang is due to join Credit Suisse in September, subject to background checks. He will report to Michael Malek. Chang’s LinkedIn profile shows that he is currently a vice-president in CLO structuring at the Barclays investment bank. Credit Suisse declined to comment.

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BNP Paribas has appointed Ashley Wilson as global head of prime services and, alongside Kieron Smith, deputy head of prime solutions and financing. In the first role, Wilson is responsible for prime brokerage, inventory management and electronic execution activities. Based in London, he reports to Raphael Masgnaux, global head of prime solutions and financing, and rates in top 10 currencies, as well as to Nicolas Marque, global head of equity derivatives and head of global markets for continental Europe. In his second role, Wilson reports to Masgnaux.

Wilson has joined the firm from Deutsche Bank, where he was a managing director in the global prime finance business.

BNP Paribas said Wilson’s appointment underscored its commitment to creating one of the top five prime services providers in the world.  

In a related move at the bank, John Gallo has been named global head of institutional sales alongside his current position as co-head of global markets in the Americas. He is based in New York and reports to Olivier Osty, head of global markets. Before joining BNP Paribas in 2017, Gallo ran the institutional client group at Deutsche Bank. 

“John’s appointment represents the bank’s commitment to growing its presence in the Americas,” BNP Paribas said.

Over at BNP Paribas Asset Management, Steven Billiet has been appointed as head of its global client group and a member of its executive committee, effective from August 1. He succeeds Sandro Pierri who took up his new position as chief executive at the bank’s asset management arm on July 1. In his new role, Billiet will be based in Paris and report to Pierri.

Most recently, Billiet was chief executive for Asia-Pacific (Apac) at BNP Paribas Asset Management. Before that, he was chief executive for Singapore at JP Morgan Asset Management.

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Barclays has made several appointments. Peter Ward has been hired as head of electronic trading and digital strategy and will start in September. He will be based in New York and report to C.S. Venkatakrishnan, global head of markets and co-president of Barclays Bank PLC. Ward joins from JP Morgan, where he was most recently global head of futures and options trading.

Barclays has also announced the creation of a new management team for its investment banking arm, jointly led by JF Astier and John Miller – the pair have been promoted to co-heads of investment banking. They will continue to report to Paul Compton, global head of investment banking and co-president of Barclays Bank PLC.

Astier was previously global head of capital markets, and mergers and acquisitions at the Barclays investment bank, while Miller was global head of coverage for investment banking.

Kristin Roth DeClark and Taylor Wright have also been made global co-heads of capital markets in investment banking. In their new positions, they will oversee debt capital markets, the risk solutions group, leveraged finance and other businesses. They were previously co-heads of equity capital markets for the Americas.

The investment bank has named Travis Barnes global head of the financial sponsors group, and sustainable and impact banking. He will work with Brian Reilly, global head of sustainable and impact banking, on environmental, social and governance topics. Barnes’s previous role was global head of debt capital markets and the risk solutions group.

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Ayesha Patel has been appointed as COO for RBC Capital Markets Europe. Based in London, Patel also joins the global COO Leadership Committee and the Capital Markets Europe Operating Committee. Most recently, Patel was head of product and profitability for market services within Investor & Treasury Services.

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Kieren Stanley has been made redundant by the Royal Bank of Canada and is seeking a new position, according to his LinkedIn profile. His last position at the bank was global head of investor and treasury services, and head of operational risk for the UK and Europe.

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HSBC has promoted Thibaut de Rocquigny to global head of equity structuring in Markets & Securities Services. He is based in Hong Kong and reports to HSBC’s global head of equities Franck Lacour, as well as to Selene Chong, deputy global head of equities and head of equities for Apac. De Rocquigny was previously head of equity structuring for Apac. Risk.net understands that de Rocquigny has replaced Marc Lemmel who left earlier this year.

Asif Khan has been named head of equity structuring for Apac, reporting to de Rocquigny. He is also based in Hong Kong. Khan was previously a director in the equities structuring team in Hong Kong. 

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Rohit Verma

LCH has hired Rohit Verma as head of Apac, effective from July 26. He is based in Singapore and reports to Isabelle Girolami, LCH chief executive. Verma replaces Kate Birchall, who moved to London earlier this year to work as head of sales, supervising the sales teams for LCH Ltd and LCH SA. Verma has joined the clearing house from Citi, where he was most recently Apac head of over-the-counter clearing and foreign exchange prime brokerage.

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Stanhope Capital Group, a wealth management and advisory firm, has recruited Chris Shelley from Goldman Sachs to serve as chief financial officer. Shelley is based in London. His most recent role at Goldman was chief financial officer of private wealth management in Emea.

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Jennifer Brown has been hired as a partner and global head of consultant relations at Adams Street Partners, a private markets investment management firm. She is based in New York. Before joining the firm, Brown was managing director of the global business development group at Barings. Earlier in her career, she worked in global consultant relations at BlackRock.

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Broadway Technology, a fintech firm serving sell-side and buy-side clients, has appointed Bruce Boytim as COO, based in Chicago. Earlier in his career, Boytim was COO at Pico and a vice-president at the New York Stock Exchange, where part of his job was overseeing NYSE Technologies’ risk management business.

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Digital Asset has named Derek Henninger chief technology officer and Craig Blitz chief product officer. Both were formerly at technology firm Lightbend. According to their LinkedIn profiles, Henninger and Blitz joined Digital Asset last year. The firm’s workforce has grown by about a third over the past six months to more than 180 employees.

Additional reporting by James Ryder, editing by Olesya Dmitracova