![Risk.net](https://www.risk.net/sites/default/files/styles/print_logo/public/2018-09/print-logo.png?itok=1TpHrpuP)
People: Barclays’ Staley taps JP Morgan for CRO and COO
![barclays-505978008 barclays-505978008](/sites/default/files/styles/landscape_750_463/public/import/IMG/047/340047/barclays-505978008-580x358.jpeg.webp?itok=C5gT6exp)
Two senior figures from JP Morgan, Paul Compton and CS Venkatakrishnan, are set to join Barclays as chief operating officer (COO) and chief risk officer (CRO), respectively, the UK bank has announced.
The moves come after Jes Staley, a 30-year JP Morgan veteran, took over as chief executive of Barclays in December 2015.
Compton, who previously served as chief administrative officer of JP Morgan, is to replace Barclays' current COO, Jonathan Moulds.
Moulds, who worked at Bank of America Merrill Lynch for 15 years, has only been COO since February 2015. He is leaving Barclays to pursue other opportunities, the bank said.
Venkatakrishnan, JP Morgan's former head of operational risk, will replace Robert Le Blanc, who has been CRO for 12 years. He is stepping down to become vice-chair of risk and strategy.
Both Compton and Venkatakrishnan will join Barclays in May and sit on its executive committee, reporting directly to Staley.
In a separate move, Tom King has retired as chief executive of Barclays' investment bank. King, who previously worked for Citi, joined Barclays in 2009 as head of banking for Europe, the Middle East and Africa, and also served as co-head of global corporate finance.
Barclays declined to comment on King's replacement.
Andrew Ross, global head of agency listed derivatives electronic execution and European head of clearing, is leaving Morgan Stanley.
Ross has been appointed as chief executive of CurveGlobal, a new interest rate futures trading platform being launched by the London Stock Exchange Group, the Chicago Board Options Exchange and seven major banks.
Ross worked at Morgan Stanley for 16 years, holding positions such as European head of clearing and head of credit valuation adjustment trading. In his new role, he will stay in London. The bank declined to comment on his replacement.
Separately, Raj Dhanda, head of investment products and services, is leaving Morgan Stanley's wealth management unit to pursue other opportunities, according to an internal memo seen by Risk.net. Dhanda has spent 26 years with the US bank, having joined as an analyst in 1989. He has held several senior posts, including co-head of global capital markets.
Oliver Frankel, Goldman Sachs' veteran head of central counterparty risk, has retired after 23 years at the bank. He plans to move away from the sell side, but not leave the derivatives markets entirely. A spokesperson for Goldman Sachs confirmed his exit, but declined to comment further.
Frankel played a prominent role in the development of the over-the-counter derivatives market during his time at Goldman, serving as co-chair of the International Swaps and Derivatives Association's working group tasked with producing a standardised initial margin model.
Goldman Sachs has also made three promotions in its London office. Jim Esposito, co-head of the global financing group, has joined the securities division as chief strategy officer. He joined Goldman in 1995 and was most recently head of the financing group in Europe, the Middle East and Africa (Emea) and chief operating officer of the investment banking division.
Denis Coleman has taken over Esposito's responsibilities in Emea, where he will become head of the financing group. He was previously head of Emea credit finance.
Taking over Coleman's credit finance role is Michael Marsh, who was formerly head of Emea high-yield and leveraged loans capital markets.
Eduardo Canabarro, New York-based managing director and global head of risk analytics at Morgan Stanley, is to leave the bank.
Sources say Andreas Gocksch, former chief risk officer of CRT Capital, a Connecticut-based institutional broker-dealer, has been hired to replace Canabarro. Gocksch held senior risk management roles at firms such as Swiss Re and Merrill Lynch. At Morgan Stanley, he will report to chief risk officer Keishi Hotsuki.
Earlier in his career, Canabarro worked in fixed-income research at Salomon Brothers. He moved to Goldman Sachs in 1995, joining the fixed-income derivatives research group before moving to the credit risk group in 1999. Canabarro first joined Morgan Stanley in 2003.
In an email, he confirmed his departure, but declined to comment on his future plans
Emily Portney, global head of agency clearing and collateral management at JP Morgan in New York, is set to leave the bank.
An internal memo obtained by Risk.net said Portney is leaving to pursue other opportunities. She is expected to depart in the coming weeks.
Having worked at JP Morgan in various roles for more than 20 years, Portney had been in charge of its agency clearing and collateral management unit since 2012. She has also served on the US Commodity Futures Trading Commission's market risk advisory board, as well as the executive committee of the Washington, DC-based Futures Industry Association.
James Milligan, head of trading for the Middle East and North Africa at HSBC in Dubai, has joined Nomura as head of flow credit in global markets for Europe, the Middle East and Africa, reporting to Yutaka Nakajima, head of global capital markets for the region.
Milligan takes over from Steve Marshall, who previously headed the flow credit business on an interim basis. Nomura declined to comment on Marshall's plans.
Milligan is a veteran of HSBC, which he joined in 1988, trading euro products in London. HSBC did not respond to a request for comment on his replacement.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
People: SocGen’s Farah replaces Salorio, Deutsche makes credit hire, and more
Latest job changes across the industry
Coex Partners hires former Citi head of FX Apac sales
Matt Long joins Coex in Singapore to oversee FX execution and trading strategy for regional clients
Athora CFO exit caps management overhaul
Entire management team at Apollo’s European insurance affiliate has been replaced since 2022
People: New brooms at NatWest and Tradeweb; MUFG splits rates, and more
Latest job changes across the industry
Bank of America’s Kris Fador elected FS-ISAC board chair
Industry consortium for cyber security also adds new board directors from Swift, PNC, Truist and CME
People: Barclays’ macro trade reshuffle, UBS board moves, and more
Latest job changes across the industry
Asia moves: Senior hires at HKEX, UBS and more
Latest job news from across the industry
People: Citi lures JPM private bank CRO, Körner crowns Credit Suisse exits, and more
Latest job changes across the industry