Nasdaq appoints Adena Friedman as chief operating officer, and other recent job news

Other news: Oric International; Investors Bank; Deutsche Bank; Aldermore; Ally Financial; Systemic Risk Council

Adena Friedman: additional role at Nasdaq

The president of Nasdaq, Adena Friedman, was appointed chief operating officer for the tech-based stock exchange on December 16. Her newly created role includes the responsibility for identifying new growth opportunities along with overseeing profit and loss, budget allocation and operational business decisions for all the exchange's business units.

Friedman will continue her role as president and will continue to report to chief executive officer Bob Greifeld. She returned to Nasdaq as president in June 2014 after a three-year stint as chief financial officer of the Carlyle Group, a Washington DC-based asset management firm which she joined in March 2011.

Before moving to the Carlyle Group she had worked at Nasdaq for 17 years, starting out as an intern and holding such roles as head of strategy and chief financial officer, and was involved in the acquisitions of the Inet and OMX trading platforms and the Philadelphia and Boston stock exchanges.

 

Following an annual general meeting on December 9, operational risk data specialist Oric International has appointed Dee Lehane as the new chair of the board, replacing interim chair Justin Elks.

Lehane, a non-executive director at Aviva Health Insurance Ireland, brings 20 years' experience in the insurance industry to the position. Most of her career has been spent with Accenture, which she joined in 1988 before being seconded to a managerial position in Prague in 1992. She worked as a managing partner for Accenture's global insurance division between 2001 and 2005, before her promotion to a senior partnership. She took up her current position at Aviva in 2012.

In addition to Lehane, Oric has appointed Louisa-Jayne O'Neill, a senior executive at intelligence provider Montrose Associates, to the board, while Kevin Borrett, head of risk at Unum and a member of the Oric board for the past four years, has been appointed deputy chairman. Jason Rose and Flavia Jones have stepped down from the board along with departing interim chair Elks.

Philippa Girling has been hired as chief risk officer to lead the enterprise risk management team at Investors Bank. Girling joins Investors Bank from Capital One, where she also worked as CRO, leading the business risk office of the commercial banking department for the past three years.

Girling is now based at Investors Bank's headquarters in Short Hills, New Jersey, reporting to board risk committee chairman James Ward. As part of her role, she will oversee the bank's Bank Secrecy Act obligations and its compliance and credit risk departments.

Prior to her time at Capital One, Girling founded the operational risk department of Morgan Stanley, where she worked as managing director. She was named as one of Risk.net's "Top Fifty Faces of Operational Risk" in 2009 and has authored two textbooks on the subject.

Investors Bank is a regional bank based in New Jersey. It holds around $20.3 billion in assets and has around 135 retail branches across New York and Long Island as well as New Jersey.

 

Deutsche Bank has hired Pascal Boillat as chief information officer and head of operations for corporate and investment banking. Boillat starts his role on February 1 in New York, before relocating to London at the end of this year. He will report to Kim Hammonds, the new chief operating officer for Deutsche Bank who assumed the role on January 1.

Boillat joins the German bank from US mortgage agency Fannie Mae, where he was head of operations and technology based in Washington DC. Before joining Fannie Mae in 2009 he was Citigroup's head of global capital markets operations technology.

 

UK challenger bank Aldermore has hired Christine Palmer as CRO. Palmer joins from Royal Bank of Scotland where she was global head of operational risk, functions and divested business and a director of risk services. She will also sit on the bank's executive committee.

She replaces Steve Barry, Aldermore's CRO since 2009. Palmer will be based in London and report to chief executive officer Phillip Monks.

Before joining RBS in 2002 Palmer held a consultancy role at Ernst & Young where she focused on credit risk management.

 

Former Ally Bank CRO David Shevsky has been promoted to CRO of the bank's parent company, Ally Financial, replacing Brian Gunn, who left Ally to join Santander USA in June 2015. Shevsky will remain based in Ally's headquarters in Detroit, Michigan, and be charged with overseeing the risk framework and processes for the company.

Shevsky first joined Ally Bank in 1986, becoming a senior vice-president of enterprise risk in 2004 after working in several positions in risk and credit analysis within the bank's auto finance operations.

Ally Financial, previously known as GMAC (General Motors Acceptance Corporation) until 2010, is a bank holding company primarily specialising in the US automotive industry with over $156 billion in assets.

 

The former deputy governor of the Bank of England, Paul Tucker, has been appointed chair of the Systemic Risk Council. He succeeds the council's founding chair, Sheila Bair, who held the role from 2012. She will now assume the role of chair emeritus.

Currently a fellow at Harvard's John F Kennedy School of Government, Tucker served as deputy governor at the Bank of England from 2009 until October 2013. Bair served as the chair of the Federal Deposit Insurance Corporation from 2006 to 2011.

The Systemic Risk Council was formed as an independent organisation to monitor and encourage regulatory reform of global capital markets, with a focus on systemic risk.