People moves: EBS makes switches in electronic forex

Citadel hires SEC director as general counsel; MUFG’s new leveraged finance head; Nomura changes India chief; and more

EBS BrokerTec is part of Nex Group

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Nex Group’s EBS BrokerTec unit has reshuffled its electronic foreign exchange business.

London-based Tim Cartledge has been appointed as global head of forex and head of product, responsible for forex business strategy and oversight of the EBS product group. His previous position with EBS BrokerTec was chief strategy officer.

Jim Iorio will remain in his position as global head of sales, but he also assumes additional responsibilities as head of forex for the Americas, in charge of the EBS sales group and EBS’s business activity in the Americas. Before joining the company in 2016, he served as global head of currency and commodities distribution at Barclays. He will be based in the New York office.

Former co-head of EBS BrokerTec Markets, Darryl Hooker, will move to the role of global head of metals and spot, as well as head of forex for Europe, Middle East and Africa. Located in London, he will be in charge of the trading execution and prime and credit management groups.

Jeff Ward, previously global head of EBS Direct – the group’s buy-side focused platform – will become the new global head of non-deliverable forwards (NDFs) and forwards, and head of forex for Asia.

He will be in charge of the emerging markets, forwards and liquidity management groups. Based in Singapore, Ward will oversee EBS’s business in Asia.

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Citadel Securities has hired Stephen Luparello, formerly director of trading and markets at the Securities and Exchange Commission (SEC). He left the SEC in January and was succeeded by Heather Seidel, a former chief counsel for the division of trading and markets.

Luparello will join Citadel Securities as general counsel in May. He will be responsible for managing all legal matters related to the firm, and will report to Shawn Fagan, the chief legal officer. Luparello will be based in New York.

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Mitsubishi UFJ Financial Group (MUFG) has named Louis L’Heureux head of financial sponsors for its leveraged finance division in the Europe, Middle East and Africa (Emea) region.

Prior to joining MUFG in this newly created role, L’Heureux worked for RBC Capital, where he served as director of the leveraged finance team. In the past, he held posts at CIBC World Markets, Bank of New York and GE Capital. He will be based in London, reporting to Nick Atkinson, head of acquisition finance and strategic advisory.

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Jerome Powell, the governor of the US Federal Reserve Board, has succeeded Daniel Tarullo as head of the Fed’s committee on supervision and regulation.

The committee’s main responsibilities are writing banking rules, overseeing Wall Street and enforcing existing regulations. According to a report by Bloomberg, Powell’s new responsibilities may be temporary as the Fed awaits the appointment of a vice-chairman of banking supervision by US president Donald Trump.

Tarullo left his post on April 5.

Powell originally took office as a member of the Fed in 2012. He was then reappointed for a term ending in 2018.

Prior to his appointment to the Fed, Powell was a visiting scholar at the Bipartisan Policy Center in Washington, DC, where he specialised in federal and state fiscal issues. Between 1997 and 2005, Powell was a partner at The Carlyle Group.

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Nomura has promoted Prabhat Awasthi to head of India, replacing Vikas Sharma. Previously head of equities for India, Awasthi assumed his new role in April.

Awasthi will remain in Mumbai and will run Nomura’s India franchise, which includes fixed income, equities and investment banking. He joined Nomura in 2008 as head of equity research for India, from Lehman Brothers, where was in the same position.

Sharma has been made the new head of Asia ex-Japan after nearly 10 years with the bank. The new head of India will report to him. Sharma will divide his time between Singapore and Hong Kong, reporting to Tetsu Ozaki, Nomura’s chief operating officer. He has succeeded Toshiyasu Iiyama, who has now become Nomura’s executive chairman for Asia, ex-Japan. Iiyama is also in charge of Nomura’s strategy in the region as head of the China committee and Asia strategy.

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BBVA has appointed David Puente to a newly created role of global head of data. He will report to BBVA’s chief executive, Carlos Torres Vila.

Puente will be responsible for defining and implementing BBVA’s global data strategy. He will also help strengthen the data governance model and the business areas that develop products and solutions based on data, while instituting a data culture across the group.

Puente joined BBVA in 2004 and has since held various positions. He has been director of development in retail banking in Spain, head of new business models and most recently head of business development for Spain. Prior to joining BBVA, he held managerial positions at McKinsey. Puente will be based in Madrid.

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Santander UK has appointed Patricia Halliday as chief risk officer. Halliday will oversee the risk function and be responsible for the management and control of all financial risks (credit, market, liquidity, capital and pensions) as well as the operational risk framework and reporting.

Halliday, who joins from GE, where she was chief risk officer of GE Capital International, replaces Keiran Foad, who has been promoted to deputy head of the risk division and deputy group chief risk officer at Banco Santander, the parent company of Santander UK.

Halliday will start her new role in London on May 15. She will report to Santander’s UK chief executive, Nathan Bostock.

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LCH has named Daniel Maguire as its group chief operating officer. Maguire was named LCH’s global head of rates and forex derivatives in 2014 – a position he will retain in addition to his new responsibilities.

He began his career at LCH in 1999, and from then until 2005 he served as risk manager for over-the-counter derivatives and fixed income. Between 2005 and 2008, Maguire was vice-president at JP Morgan, responsible for operations in the global commodity exotics and hybrids business.

As the company’s chief operating officer, Maguire will drive the group’s growth, maintaining client relationships, as well as developing an integrated global product strategy. He will still be based in London, reporting to Suneel Bakhshi, LCH’s chief executive.

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The Depository Trust & Clearing Corporation (DTCC) has appointed Michael McClain as managing director and general manager of equity clearing. He will be responsible for leading day-to-day equity clearing business operations and strategy, reporting to Murray Pozmanter, head of clearing agency services.

McClain joins DTCC from the Options Clearing Corporation (OCC), which he left in March, having worked there since 2001. His most recent position with the OCC was chief operating officer. Previously based in Chicago, he will relocate to Jersey City.

McClain will be succeeded by John Davidson, who joins as president and chief operating officer on May 8. He will report to the chairman and chief executive of OCC, Craig Donohue. Davidson joins from Citi, where he served as chief compliance officer. He started his career there in 2008 and previously worked as chief administrative officer for the risk division. Davidson will be based in Chicago.

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Hedge fund manager Man GLG has hired William Ferreira as head of machine learning. He will be based in London and report to Fabian Blohm, head of quantitative analysis.

In this newly created role, Ferreira will be in charge of developing the division’s machine-learning capabilities and supporting its portfolio managers. He will also work on the application and interpretation of machine-learning techniques to news and social media, market events and announcements, and the visualisation of complex data.

Ferreira joins the firm from Florin Court Capital, where he worked as senior quantitative researcher.

Between 2011 and 2014 he worked for Man AHL, the group’s vast quantitative investment fund, as chief technology officer of the Man Systematic Strategies team.

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Ed Cook and Ben Spielman have been appointed as co-heads of global capital markets (GCM) at BlackRock. The previous head of the division, Matt Savino, has moved into a new role of global head of alternatives sourcing at BlackRock Alternative Investors, where he replaces Scott Greenberg, who is retiring.

Cook and Spielman have both worked in the GCM team for the past five years. Spielman’s most recent role was head of US equity syndicate and capital markets and Cook served as head of GCM Emea. Cook and Spielman will be based in London and New York, respectively.

Both will remain responsible for their previously covered areas as they assume additional responsibilities as co-heads. They will report to Tarek Mahmoud, BlackRock’s head of trading and liquidity strategies. 

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Meanwhile, Christopher Woida, who was previously an investment strategist at BlackRock’s flagship hedge fund, has joined risk and portfolio management software vendor Axioma as managing director of index solutions. In this newly created role, he will be in charge of strategy, development and sales in Axioma’s indexing business.

Woida spent seven years at BlackRock, helping build the company’s smart beta and factor-based investing platforms.

Axioma has also hired George Patterson for a newly created role. He will become Axioma’s managing director for corporate strategy. Patterson will focus on identifying buy-side trends and opportunities for growth.

Patterson’s previous role was chief investment officer, multi-asset investments at Bank of Montreal’s global asset management division, a position he assumed in 2015.

Both of the new hires will be based in New York and report to Sebastian Ceria, Axioma’s chief executive.

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Clarus Financial Technology has appointed Mark Bell as head of its Asia-Pacific (Apac) business, a newly created role. Clarus, which previously ran its Apac business from Europe, is in the process of opening an office in Singapore to support its operations in the region.

Bell was previously with Calypso Technology. His most recent job was regional manager for South-east Asia and India, reporting to the global head of sales. He filled a number of sales and business development roles at Calypso Technology over the past few years, including general manager for China and head of clearing for Apac.

Bell will be based in Singapore and report to Amir Khwaja, chief executive of Clarus.

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Bryan Seegers has left ADS Securities, where he was co-head of global electronic forex coverage – a position that he was promoted to at the end of 2016.

Seegers had been with the brokerage for nearly five years. His initial responsibilities involved driving the company’s global electronic forex offering, whereas most recently he was in charge of relationship management, client services, sales trading and global liquidity management.

Seegers was based in Abu Dhabi, and he will now be returning to the US with his family, according to the company’s spokesperson. His successor has not yet been announced.

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MarketInvoice, a peer-to-peer online invoice finance marketplace, has appointed Shaun Alexander as head of risk. Alexander has had more than 30 years’ experience in retail and corporate banking, having worked for Barclays and Santander, where he led teams with a focus on asset-based lending and business finance.

After 22 years in various credit risk roles at Barclays, Alexander moved to Oliver Wyman and later, Banco Santander. There, he became head of risk for asset-based lending, managing credit risk across the invoice finance and asset finance product range.

Alexander will report to MarketInvoice’s co-founder and chief operating officer, Ilya Kondrashov. Together, they will formulate the risk management strategy and improve credit scoring systems.