People moves: Goldman loses three to fintech start-up, departures at Bank of America, and more

Latest job changes across the industry

Goldman Sachs – three recent departures

A trio of key departures from Goldman Sachs’s consumer banking and asset management arms include Omer Ismail and David Stark, who are reported to have joined a fintech start-up backed by Walmart and Ribbit Capital. Ismail had been with the consumer business since its inception, most recently serving as its global head. Stark was a partner, and helped establish the consumer bank’s partnerships with Apple and General Motors. 

Eric Lane has left the bank’s asset management arm, where he served as co-head. He joined Goldman more than 25 years ago, and has served as global co-head of the bank’s consumer and investment management division as well as chief operating officer of the investment management division. 

Risk.net understands co-head Julian Salisbury will be the sole head of the bank’s asset management arm. 

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Bank of America has seen a file of senior departures from its foreign exchange business. Iain Szucs, head of FX sales for Europe, the Middle East and Africa (Emea), has left the bank, along with global head of FX options Chetan Sennik, who left to pursue other opportunities. Vinicius Fukushiro, head of Brazil local currency trading, has also left.

Varut Dechpokket replaces Sennik as options head, while Flavio Corsini will lead local currency trading in Brazil. At the time of writing, Szucs’s replacement has not been named.

Meanwhile, Moritz Westhoff has been appointed head of US Treasury trading, replacing the departing Shyam Rajan. David Woo has left his position as head of rates, FX, emerging markets fixed income strategy and economics research, and is replaced by Michael Maras, who was appointed head of global fixed income, currencies and commodities research.

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Colin Bell

HSBC has announced a series of appointments in its senior management team, in which Nuno Matos becomes chief executive of wealth and personal banking. Matos joined HSBC in 2015, following positions at the central bank of Portugal and Banco Santander. He was most recently chief executive officer of HSBC bank and HSBC Europe, in which roles he is replaced by Colin Bell, who has served as group chief compliance officer for the past four years. Bell previously worked at UBS, and is a 16-year veteran of the British Army.

Michael Roberts will lead the bank’s businesses in the US, Canada and Latin America as chief executive for the region. He will retain his current responsibilities as chief executive of HSBC Bank USA. 

Stephen Moss has been appointed chief executive for the bank’s Middle East, North Africa and Turkey business, based in Dubai. He was previously regional chief executive with responsibilities in the region, as well as for Latin America and Canada. 

Elsewhere, Celine Herweijer will join as group chief sustainability officer in July. A climate scientist and Nasa fellow, Herweijer joins from consultancy PwC, where she held a leading role in charge of the firm’s global innovation and sustainability capability. 

All five appointees will report to HSBC group chief executive Noel Quinn.

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Martin Marron has succeeded Nicolas Alejandro Aguzin at JP Morgan as chief executive of the firm’s International Private Bank. Marron formerly served as chief executive of the private bank for Latin America and Canada. He joined the bank in 1992 as a fixed income trader in Buenos Aires. Marron’s previous roles include co-senior country officer of Brazil and head of global emerging markets Americas sales and trading.

Elsewhere, the firm has hired former member of the UK parliament Chuka Umunna as head of environmental, social and governance (ESG) for Emea. He will report to Emea chief executive Viswas Raghavan. 

Additionally, Charlie Jacobs was appointed co-head of UK investment banking, replacing Ed Byers, who has been promoted to vice-chair of UK investment banking. The pair will report to Conor Hillery and Dorothee Blessing, co-heads of Emea investment banking. Jacobs comes most recently from law firm Linklaters, where he was a senior partner and chairman. 

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Julien Serror has joined Crédit Agricole as global head of cross-currency swaps in London, reporting to Walid Assaf, global head of macro trading. Serror most recently led the European cross-currency trading platform at HSBC, and previously held roles at Societe Generale and Natixis.

The bank’s global markets division has also hired Eric Duclos as head of US dollar rates trading in New York, where he will manage its global dollar swaps and Treasuries platform, US inflation and vanilla rates options trading. He also reports to Assaf, to global head of non-linear trading Eric Etienne and locally to Lionel Prunier, head of trading Americas. Duclos leaves NatWest, where he was head of US dollar linear rates trading. He was previously in charge of rates derivatives and securities trading activities at BNP Paribas.

Meanwhile, Crédit Agricole’s UK head of financial institutions sales, Paul Lynn, has left the bank. He joined in 2018 from Nomura, where he served as head of macro sales for Emea, according to his LinkedIn profile. A replacement has not been named. 

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Mizuho has parted ways with several senior traders in a restructuring of its rates business. Head of US dollar swaps Shakeel Jaswal, head of rates sales Jean-Baptiste Aussourd, managing director of rates sales Paola Roca, and executive director for rates sales Daniel Vicen have all left the firm. Christel Aranda-Hassel, chief economist for Emea, has also left. 

The changes follow Jason Cohen’s appointment as head of linear derivatives trading in November 2020. 

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Citi has hired Mark Ersser as head of client reporting for Emea in the firm’s custody and fund services business, reporting to Paul Kilcullen, head of custody and funds services, Ireland. 

London-based Ersser joins from Legal & General Investment Management, where he was head of client reporting. He was previously head of European client reporting at JP Morgan Asset Management.

Citi has also hired Maria Cantillon as head of sales for Emea, based in London. She joins from State Street, where she was Emea head of sector solutions. Cantillon will report to Sanjiv Sawhney, global head of custody and fund services, and to Chris Cox, Emea head of securities services.

Elsewhere, Citi has appointed Conor Davis head of investor sales and relationship management for markets. He replaces Jim O’Donnell, who was recently appointed head of Citi Global Wealth. Based in London, Davis reports to Carey Lathrop and Andrew Morton, co-heads of markets and securities services.

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Anne-Sophie Castelnau

ING has appointed Anne-Sophie Castelnau global head of sustainability, starting on April 1. She will report to the head of ING Wholesale Banking, a role currently occupied on an interim basis by chief executive Steven van Rijswijk. Castelnau joined ING in 2005, and currently serves as head of wholesale banking in France.

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TIAA has appointed Thasunda Brown Duckett as president and chief executive officer. She succeeds Roger W Ferguson, Jr, who retires at the end of March. Duckett comes most recently from JP Morgan, where she served as chief executive of Chase Consumer Banking. 

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BNP Paribas Asset Management has made Sandro Pierri deputy CEO, in addition to his role as head of its global client group. Pierri is based in London and reports to chief executive Frédéric Janbon. He joined the asset manager in 2017.

The group has also made Michael Herskovich global head of stewardship within its Sustainability Centre. Based in Paris, he will report to global head of sustainability Jane Ambachtsheer. Herskovich has served as the firm’s global head of corporate governance since 2009. He replaces Helena Viñes Fiestas, who is leaving the firm after 10 years for a role with Spanish securities market regulator Comisión Nacional del Mercado de Valores.

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Valérie Baudson will succeed Yves Perrier as chief executive of Amundi Asset Management in May. Baudson joined the firm 14 years ago and has been a member of the executive committee since 2013. She has served as chief executive of CPR Asset Management since 2016 and played a key role in the creation of Amundi in 2010. 

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Marta Zarraga has joined Capital Group as chief information officer, reporting to chief operating officer Rob Klausner. Zarraga most recently served as global chief information officer for Aviva, a now-defunct role.

Marta Zarraga

The group has also appointed Rob Hardy as corporate governance director and member of the company’s ESG leadership team. Most recently head of investment stewardship at JP Morgan Asset Management for Emea, Hardy also reports to Klausner. 

JP Morgan Asset Management is replacing Hardy with Yo Takatsuki, who reports to global head of sustainable investing Jennifer Wu. Based in London, Takatsuki most recently served as head of AXA Investment Managers’ investment stewardship and active ownership programme globally. 

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The European Commission has appointed Alexandra Jour-Schroeder as deputy director-general of the directorate-general for Financial Stability, Financial Services and Capital Markets Union. She currently serves as director of criminal justice and acting deputy director-general in the Directorate-General for Justice and Consumers.

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Alex Brazier will leave the Bank of England’s Financial Policy Committee at the end of his term on March 31. He also steps down as the bank’s executive director for financial stability strategy and risk. The bank has yet to announce his replacement.  

Hong Kong Exchanges and Clearing has appointed Nicolas Alejandro Aguzin as chief executive officer, starting a three-year term on May 24. He will also serve as an ex-officio member of the board of directors. Aguzin joins from JP Morgan, where he currently serves as CEO of JP Morgan’s international private bank and as an operating committee member for the firm’s asset and wealth management business.

Aguzin joined the US bank in 1990 and has previously served as head of investment banking for Asia-Pacific and as chief executive of JP Morgan Latin America. 

Calvin Tai, who has served as interim chief executive at HKEX, will continue in his roles as co-president and chief operating officer of the firm. 

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Euronext has announced the nomination of Pierro Novelli, co-president of UBS’s investment bank and a member of its group executive board, as its next chairman. The appointment is subject to regulatory and Euronext shareholder approval.

The exchange has also hired Delphine d’Amarzit as CEO of Euronext Paris and member of the managing board of Euronext. She most recently served as deputy CEO at Orange Bank and previously held senior positions in the French Treasury. 

D’Amarzit replaces Anthony Attia, who becomes global head of primary markets and post-trade. He will remain a member of the operating committee and the extended managing board of Euronext.

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French insurer CNP Assurances has appointed Stéphane Dedeyan as CEO to succeed the retiring Antoine Lissowski. Dedeyan was formerly deputy chief executive of Generali France and chief executive of VYV Group. 

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Daniel McHugh

Aviva Investors has named Daniel McHugh as chief investment officer of its real assets business. He will report to chief executive Mark Versey, who held the role until his appointment as CEO in January. McHugh leaves his position as managing director for real estate, which he held since joining the asset manager in 2018. James Stevens, head of development for global real estate, will lead the real estate team until a permanent replacement is announced.