People moves: ING fills two top roles, RBS confirms Rose as CEO, and more

Latest job changes across the industry

Photo: ING Bank

ING Wholesale Banking has hired industry veteran Miles Millard to head its global capital markets business in London. He joins after a comparatively brief flirtation with financial recruitment firm JD Haspel, where he relocated earlier this year to lead client coverage and origination. The great majority of Millard’s decades-long career has been in investment banking for Deutsche Bank. He held a succession of senior roles at the German bank, latterly as co-head of EMEA corporate finance and global head of capital markets and treasury solutions.

Rob van Veldhuizen

ING has also appointed Rob van Veldhuizen as global head of corporate finance. Both Millard and Veldhuizen will report to Armin Mansour, ING’s Global Head of Strategic Products. Van Veldhuizen was head of corporate finance in the Benelux region for the past two years, having joined the firm 11 years ago. He previously served as managing director in mergers and acquisitions advice for the energy sector at the Dutch firm.

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The Royal Bank of Scotland has confirmed Alison Rose as its next chief executive officer, replacing Ross McEwan. Rose joined the lender in 1992 and has served as deputy CEO of NatWest Holdings since December 2018. She is also CEO of RBS commercial and private banking and was previously head of its Emea, markets and international banking. She will be the bank’s first female CEO.

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HSBC has hired Philip Lee as vice-chairman of its global banking franchise for South-east Asia. Based in Singapore, he will report jointly to group head of global banking, Greg Guyett, and CEO of HSBC Singapore, Tony Cripps. Prior to joining HSBC, Lee was vice-chairman of South-east Asia and Singapore chief country officer for Deutsche Bank from 2013 to 2018.

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Joanna Munro has been appointed global CIO of HSBC Global Asset Management, based in London. She reports to CEO Nicolas Moreau. Munro was previously global head of stewardship and fiduciary governance at HSBC Global Asset Management UK, having joined the firm in 2005. Her appointment follows Chris Cheetham’s decision to retire from the position after 17 years in the role.

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Credit Suisse has hired Kinner Lakhani as head of group strategy and development for the Swiss bank. Lakhani will be Zurich-based, reporting directly to CEO Tidjane Thiam. Lakhani was previously head of the European company research and advisory team at Deutsche Bank, having joined from Citigroup in 2015, where he was co-head of the European bank’s research team.

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Christian Treuer, head of Emea equities client solutions distribution at Bank of America Merrill Lynch, has added head of Emea derivatives sales to his remit. He joined the bank in 2018 and previously served as a managing director at Barclays Investment Bank.

Also at BAML, Arnaud Lannic has been appointed head of EU equities trading in addition to his role as head of Emea equities client solutions trading. Lannic joined the bank less than a year ago from Deutsche Bank, where he was head of equity exotic options trading.

Paris-based Treuer and Lannic will report jointly to Julien Bahurel, head of Emea equities, and to Sanaz Zaimi, head of global fixed income sales and CEO of BAML Securities.

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John Cryan has been confirmed as chairman of Man Group, the investment management firm, effective January 1, 2020. Cryan, formerly CEO of Deutsche Bank, is currently chairman of XCyber Group, a UK-based cyber intelligence company. Ian Livingston, Man Group’s current chairman, will step down on December 31, 2019.

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Hamza Filali has joined CVC Credit Partners as a director in the European private debt team, based in Paris. Filali reports to head of European private debt, Neale Broadhead. He joins from BNP Paribas, where he worked in the leverage finance team for 12 years.

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Dmitri Shuster, co-head of global markets trading at Credit Agricole in London, is leaving the position after two years in the role. Shuster joined the French lender 17 years ago, as an interest rate derivatives trader for Eastern Europe, the Middle East and Africa. During this time, he has led various interest rates options and derivatives trading activities for Emea and the Americas.

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Adam Margolis has joined JP Morgan Private Bank in Singapore as head of forex and commodities for Asia. He joins from Citi Private Bank, where he was head of forex advisory and global head of forex and local markets. He joined Citi in 2010, as head of Emea forex bank sales.

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Adam Farkas has been appointed CEO of the Association for Financial Markets in Europe. He is currently executive director of the European Banking Authority, a role he assumed in 2011. Farkas served as chairman of the Hungarian Financial Supervisory Authority from 2009 to 2010. He takes up his new role on February 1, 2020.

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The Commodity Futures Trading Commission has appointed Dorothy DeWitt as director of the division of market oversight, in which she will be responsible for the CFTC’s supervision of derivatives platforms and swaps data repositories. She succeeds Amir Zaidi, who held the role for nine years. DeWitt will join from Coinbase, a cryptocurrency company, where she is vice-president and general counsel for business lines and markets. She previously worked in senior legal and compliance roles for Citadel Securities, S&P Global, and as an attorney at Davis Polk & Wardwell.

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Ryozo Himino

The Financial Stability Board has appointed Ryozo Himino to chair its standing committee on supervisory and regulatory co-operation. He began his two-year term on September 1, 2019. Himino is vice-minister for international affairs at the Japanese Financial Services Agency, a post he has held since 2016. He was secretary general of the Basel Committee on Banking Supervision from 2003 to 2006. Himino succeeds Norman Chan, chief executive of the Hong Kong Monetary Authority, who has served as SRC chair since April 2017.

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The Securities Industry and Financial Markets Association has appointed Coryann Stefansson as managing director and head of prudential capital and liquidity. Most recently, Stefansson worked as a senior adviser to Sifma, consulting on the stress testing approach of the Comprehensive Capital Analysis and Review. Previously, she was a managing director at BlackRock, where she focused on risk and regulatory consulting and earlier held a similar position at PwC. Stefansson has also held several senior positions at the Federal Reserve Bank of New York and the board of governors of the Federal Reserve.

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Michelle Bowman has been confirmed by the US Senate for a 14-year term as a member of the board of governors of the Federal Reserve Board. She took up the role in November 2018, filling the unexpired term of Stanley Fischer. Bowman was the state bank commissioner of Kansas from 2017 to 2018, and earlier served as vice-president of Farmers & Drovers bank in Kansas.

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DWS Group has appointed Peter McGloughlin as head of UK and Ireland insurance. McGloughlin joins from Eatonville Capital Partners, a consultancy in private credit, where he was managing director. Prior to this he was executive director of UK insurance and pensions at BNP Paribas, and director of insurance solutions at Lloyds Banking Group.

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Béatrice Bigois succeeds John Rittenhouse in the role of CEO at EDF Trading. Rittenhouse had occupied the role since 2008, having joined the firm as CFO in 1999. Bigois is currently managing director of the customer division at EDF Energy, a role she began in 2014. She is former CFO and executive director of EDF Trading. Bigois joined EDF Group in 1994, and has held roles within risk management at EDF, EDF Energy and EDF Trading.

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Nordic Growth Market, an exchange for Nordic retail investors and Boerse Stuttgart’s Swedish subsidiary, has appointed Magdalena Hartman as CEO. Hartman was previously a senior vice-president at Nasdaq. She replaces current CEO, Roger Peleback, who leaves after 19 years with the exchange.

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Antonia Lim

Antonia Lim has joined Schroders as head of quantamental investments. Lim joins from Barclays UK, where she has headed quantitative research since 2012. She will report to Ashley Lester, head of Schroders Systematic Investments.

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Oliver Cooke has been promoted to chief digital officer, a newly created role at NatWest Markets, where he has led client analytics and e-trading. Cooke’s experience prior to joining the firm in 2013 includes stints at Barclays Investment bank, Lehman Brothers and Nomura.

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Lendingblock, a cryptocurrency lending platform, has hired Wall Street veteran John Macpherson as a strategic adviser. Macpherson joins from BMLL Technologies, a machine learning financial technology firm, where he was CEO. He has 20 years’ experience in investment banking. He joined Citigroup in 2015 as European head of listed derivatives, prior to which he was head of futures and options at Nomura and head of Emea fixed income futures and options sales at Goldman Sachs.

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Capitolis, a technology provider for capital markets, has appointed Joseph Molluso as CFO. He joins in October, reporting directly to CEO and founder, Gil Mandelzis. Molluso spent the past six years as CFO at Virtu Financial and was previously a financial technology investment banker at JP Morgan.

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CloudMargin, a provider of cloud-based collateral and margin management services, has appointed Karl Wyborn to the new role of global head of business development, effective September 3. Wyborn will report to CEO Stuart Connolly and will be based in London. He was previously global head of sales for the company.

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Richard Swales

Paysafe, a leading global payments service provider, has hired Richard Swales as its new chief risk officer, effective October 14. Swales joins from PayPal, where he performed various roles, leading its global risk, compliance and governance strategy.

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ACA Compliance, a regulation and compliance consultancy, has appointed Carlo di Florio as global chief services officer. Di Florio was most recently chief risk and strategy officer for the Financial Industry Regulatory Authority, and previously served as director of the Office of Compliance Inspections and Examinations at the Securities and Exchange Commission.

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Knox Mcllwain, a financial services regulation lawyer, has joined Allen & Overy as a partner in London. Mcllwain joins from Cleary Gottlieb Steen & Hamilton, where he worked with regulation expert and partner Bob Penn, who rejoined Allen & Overy last summer.

Additional reporting by Julia Bahr