People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more

Latest job changes across the industry

Bank of America has named Jiro Seguchi and Jin Su as co-presidents for Asia-Pacific, a spokesperson confirms. They succeed Matthew Koder, who recently became global head of corporate and investment banking (CIB).

Seguchi, Japan executive and head of corporate and investment banking for Asia-Pacific, and Su, co-head of fixed income, currencies and commodities for the region, also retain their current roles.

Seguchi has been with the firm for 19 years, holding a number of leadership roles. Su has spent 25 years at Bank of America in various trading and management roles in London and Hong Kong. Seguchi and Su will continue to be based in Japan and Hong Kong, respectively.

Meanwhile, Dong Qu has joined Bank of America Merrill Lynch as a managing director in global risk analytics, Risk.net understands. He previously worked at UniCredit where he led the quantitative product group.

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Legal & General Investment Management’s head of liability-driven investment funds (LDI), Simon Wilkinson, left the firm at the end of 2018 to take time away from the industry, Risk.net has learned.

Wilkinson’s duties had been taken on by Guy Whitby-Smith for the past few months, an LGIM spokesperson said. Whitby-Smith assumed the role of head of solutions portfolio management in October.

Wilkinson spent more than a decade at LGIM, joining in 2006 as derivatives portfolio manager. From November 2017, he also served as vice-chair of the working group on sterling risk-free reference rates – a Bank of England-sponsored industry group steering the UK’s transition off the Libor benchmark. He stepped down from the group at the October 2018 meeting.

Wilkinson’s departure was followed by the arrival in January of Fidelity’s Sonja Laud as deputy chief investment officer and BlackRock’s William Riley as head of solutions, according to the spokesperson. Their appointments were announced in November.

LGIM is one of the three big players in the UK LDI market, alongside Insight and BlackRock, and one of the biggest derivatives users in the country.

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Christophe Coutte

Christophe Coutte, head of traded products at Lloyds Bank Corporate Markets, left late last year after more than five years at the bank, a spokesperson confirms.

The spokesperson declined to comment on the reason for Coutte’s departure and on who would replace him.

Before joining Lloyds, Coutte was at Societe Generale Corporate & Investment Banking, according to his LinkedIn profile. His last role there was head of emerging market and credit.

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Nomura has hired a number of staff for its Asia ex-Japan equity products business. Fayez El Hicheri joined as head of quantitative index strategies and fund derivatives structuring in January. He was most recently head of investment solutions structuring at Credit Suisse.  

Renaud Gocsei joined Nomura in November as head of delta one trading in Asia ex-Japan from Societe Generale. In his last role at the French bank, he headed the index arbitrage desk in Hong Kong.

Also in November, Jean-Baptiste Patois switched over from Credit Suisse to lead equity derivatives trading for Asia ex-Japan. At Credit Suisse, he headed the index derivatives desk.

Separately, Nick Lewis has relocated to the US to become head of Asia-Pacific prime finance sales, after more than six years at the firm in Hong Kong.

The moves have not been reported elsewhere.

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A senior Asia executive at Natixis has left the bank following a €260 million ($295 million) hit caused largely by the sale of leveraged equity derivatives products in Asia.

Nicolas Reille, head of global market sales and financial engineering in Asia, left in late January, according to a person familiar with the matter. Reille was one of the key executives behind the bank’s push into Asian structured products.

Two sources later claimed Reille has agreed to join Barclays, with one saying he would be part of the bank’s distribution team in Hong Kong.

Spokespeople for Barclays and Natixis in Hong Kong declined to comment. Reille could not be reached for comment.

Prior to joining Natixis, Reille spent a number of years helping to set up a series of e-commerce ventures. He also previously worked for rival French bank Societe Generale.

Stéphane About

Meanwhile, Stéphane About has joined Natixis as chief executive for Europe, Middle East and Africa (Emea), excluding France, in its CIB business. He will be based in Paris.

About currently leads the business in the Americas. That role will now be held by Olivier Delay, global head of real assets for CIB. He will be based in New York. Anne-Christine Champion will assume Delay’s current role.

The three will remain on the Natixis executive committee and be joined by Isabelle Reux-Brown, who has been appointed as global head of distribution and portfolio management for CIB.

All four will report to CIB global head Marc Vincent. The moves will take effect on March 1.

Also joining is Stéphane Honig, as head of strategy and a member of the executive committee, effective from February 11. He will report to chief executive François Riahi. Honig was most recently at BNP Paribas, in charge of sales to wealth managers and family offices in Asia-Pacific as well as the strategic equity solutions business in the region.

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Graham Barnfield joined BNP Paribas in London in December as head of Asian foreign exchange and rates overseas, according to his LinkedIn profile. He comes from Barclays, where was European head of emerging markets forex forwards and non-deliverable forwards trading.

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State Street Corporation has appointed Ian Martin as head of Asia-Pacific to replace Wai Kwong Seck, who has left after eight  years in the role. Based in Hong Kong, Martin will maintain his current responsibilities as head of global services in the region, reporting to Andrew Erickson, head of global services worldwide. Martin has been at State Street for 25 years.

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David Livingstone has been appointed as Citi’s chief executive for Emea, according to an internal memo. He is currently chief country officer for Australia and New Zealand.

Livingstone will take over from Jim Cowles, who is leaving after 39 years at the bank.

Meanwhile, Carey Lathrop will replace Barbara Desoer as chief executive of Citibank North America when Desoer retires in April. Lathrop currently serves as CBNA’s chief operating officer (COO).

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Citadel Securities has promoted Matthew Culek to COO, Risk.net has learnt. Culek has held a number of roles at the Chicago-based firm since joining in 2012, most recently serving as global head of business management. He previously worked at McKinsey & Company.

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Dmitrij Senko

Eurex Clearing has appointed Dmitrij Senko as its new chief risk officer (CRO). Senko will replace Thomas Laux, who will step down on July 1 after 13 years with the Frankfurt-based central counterparty (CCP).

An internal appointment, Senko has worked at Eurex since 2010. He is currently head of risk analytics and model validation, having served as CRO for Eurex Clearing Asia from 2015 to 2018. Between 2003 and 2010 he worked in management consulting at Accenture, according to his LinkedIn profile.

During his time at Eurex Clearing, Senko played a pivotal role in building its Prisma portfolio margining methodology, which calculates initial margin requirements across both listed and over-the-counter derivatives.

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LCH has named Corentine Poilvet-Clediere as head of RepoClear and collateral management at its Paris entity LCH SA, effective from January 24. Her particular focus will be on growing the clearing of euro-denominated debt.

Prior to this role, Poilvet-Clediere was global head of regulatory strategy at London Stock Exchange Group, LCH’s majority owner.

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Chris Concannon has left CBOE Global Markets for fixed income trading platform MarketAxess, assuming his new role of president and chief operating officer on January 22. He held the same role at CBOE.  

Concannon reports to Rick McVey, chief executive of MarketAxess. He also joined the board of directors, with a particular focus on the company’s corporate strategy.

Chris Isaacson

In his place, CBOE has promoted Chris Isaacson to chief operating officer. He reports to Ed Tilly, chairman, chief executive officer and, since mid-January, president of the Chicago-based firm. In his previous position, Isaacson served as chief information officer.

CBOE has also appointed Eric Crampton as chief technology officer, reporting to Isaacson. He was previously head of software engineering.

Alongside his internal move, Isaacson joined OCC’s board of directors as an exchange director, replacing Tilly who resigned from the board of the equity derivatives clearing organisation earlier in January.

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John Pucciarelli has joined AcadiaSoft as director of strategic initiatives. He has been tasked with leading the firm’s efforts to attract firms that will be caught in the fifth and final phase of initial margin requirements for non-cleared trades.

John Pucciarelli

Pucciarelli previously served as director of market infrastructure and technology at the International Swaps and Derivatives Association.

“John’s experience … is a perfect complement to AcadiaSoft’s expertise as we continue our effort to become a one-stop-shop for initial margin compliance,” the firm’s chief executive Chris Walsh said in a statement.

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Sylvain Ghisoni has joined BNP Paribas Asset Management as sales head for France in the global sales and marketing unit, Global Client Group. Ghisoni is based in Paris and reports to Fabien Madar, co-head of distribution in Europe.

Ghisoni is responsible for BNPP AM’s sales strategy in France and the development of its business with wholesale and institutional clients.

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Todd Johnson took up the position of COO at GPP in January. He reports to GPP chief executive Julian Parker.

Before joining the provider of prime brokerage, execution, custody and clearing services, Johnson was COO at Smarkets, a betting exchange firm. He previously co-founded Ivaldi Capital, an asset manager.

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Andrew Formica

Andrew Formica will replace Maarten Slendebroek as chief executive of Jupiter Fund Management. Slendebroek steps down on March 1 but remains until May 1 to smooth the transition.

Formica was previously co-chief executive at Janus Henderson Investors. Slendebroek joined Jupiter in 2012 and has served as chief executive since March 2014.

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Christian Noyer, former governor of the French central bank, has joined the board of directors of SETL Development. SETL was launched in 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology.

 

Noyer served as governor of Banque de France from 2003 to 2015 and as chairman of the Bank for International Settlements from 2010 to 2015.

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Derivatives analytics firm OpenGamma has hired Stephen Plestis to lead its sales team in Emea and Asia. He started in January. Plestis had spent almost 14 years at Credit Suisse, leaving in April 2018, according to his LinkedIn profile. His last role there was Emea co-head of listed derivatives and over-the-counter clearing.