People moves: Goldman sackings continue, Citi promotes Dutt for Emea, and more

Goldman Sachs has continued the swath of job cuts it began in January, shedding a handful of its most senior sales staff. The bank is expected to lay off a total of 3,200 people globally.

Nohshad Shah, co-head of Europe, the Middle East and Africa (Emea) interest rate sales and Ishaan Sethi, head of hedge fund rates sales are understood to have left for hedge fund Marshall Wace, where Shah is expected to head the cross-asset macro team.

Shah joined Goldman in 2015 from Deutsche Bank and Sethi made the same move a couple of months later.

Frank Flight, who headed macro rates sales, will move to Brevan Howard. Flight has been in his current role since March 2017. Jane Hodges co-head of European equity derivatives sales and head of UK real money equity derivatives sales has also left, after an18-year term. Amir Fais, head of emerging markets rates trading has departed after 15 years at Goldman. Their new roles are not yet known.

Goldman Sachs declined to comment on the moves.

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At Citi, Jaya Dutt has been promoted to head of markets for Central Eastern Europe, Middle East and Africa. Dutt has been with the bank since 2003 and was most recently global head of risk management solutions for corporate sales and solutions. Dutt will take over the position from Richard Aby, who became head of Latin American markets at the end of last year.

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BlackRock has promoted Robert Mitchelson to head of fixed income and foreign exchange trading, Emea. Mitchelson has spent nearly 20 years at BlackRock, having been head of rates trading Emea, and earlier a senior rates trader at the firm. Before joining BlackRock, Mitchelson was at Credit Suisse Asset Management for eight years as a rates and FX trader.

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Turquoise, the London Stock Exchange Group’s securities trading platform, has appointed Adam Wood as global chief executive officer and head of its equities trading commercial proposition. Wood takes over from Robert Barnes, who had been CEO for nine years. Wood has been promoted from his previous role as head of Turquoise Europe and securities trading specialist sales. Prior to joining Turquoise in 2019, Wood was director of prime brokerage sales at BCS Global Markets.

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Bernie Rajamani has joined Wells Fargo as a director in algorithmic trading from Citi. Rajamani served as director of algorithmic trading for the last six years and previously spent four years as a vice-president of algorithmic trading at the bank.

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Bhas Nalabothula

Bhas Nalabothula has been promoted to head of US institutional rates at Tradeweb. Previously head of European interest rate derivatives and head of European institutional rates, Nalabothula has been with Tradeweb since 2013, when he joined as a director in US rates product strategy. Previously, he has occupied interest rate and equity sales and trading roles at Citi.

Meanwhile, Troy Dixon has joined Tradeweb’s board of directors as an independent director. A founder and chief investment officer of Hollis Park Partners, an alternative asset manager, Dixon previously led residential mortgage-backed securities trading at UBS and later at Deutsche Bank.

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Equity derivatives clearing organisation the Options Clearing Corporation has promoted Megan Cohen to general counsel and corporate secretary. Cohen joined in 2014 and has held several roles since. Most recently, Cohen was deputy general counsel and corporate secretary. Before joining the OCC she was attorney at Cboe Global Markets focused on regulation.

Cohen takes over from chief legal officer Janet Angstadt, who will retire in early July. Angstadt was with the OCC since 2019 and before that was a partner at Katten Muchin Rosenman for 12 years.

Elsewhere at the clearing house, Joseph Lewis managing director and co-head of corporate hedging and FX solutions at Jefferies, has been appointed to the OCC’s board of directors.

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Daniel Gamba will join Northern Trust as president of its asset management division on April 3. Gamba previously spent 22 years at BlackRock and was most recently co-head of fundamental equities. He was also a member of the firm’s global operating portfolio management group executive and human capital committees. Gamba will report to CEO Michael O’Grady and will join the management group.

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European Central Bank

The European Central Bank has appointed Myriam Moufakkir as chief services officer. Moufakkir takes over from Michael Diemer who left in September 2022 after six years with the central bank. Moufakkir joins from her current role as chief business transformation and operations officer at SCOR Property and Casualty.

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Kristen Baldwin has joined the Office of the Comptroller of the Currency as chief information officer. Baldwin was previously assistant administrator for information and technology services and CIO at the Federal Aviation Administration. Before joining FAA, Baldwin was deputy CIO and associate CIO for IT policy and oversight at the US Department of Transportation.

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The Commodity Futures Trading Commission has appointed Ian McGinley as director of enforcement. McGinley’s was most recently partner at law firm Akin Gump Strauss Hauer and Feld. Before that he was a prosecutor at the United States Attorney’s Office for the Southern District of New York for more than 10 years and was also a senior member of the Securities and Commodities Task Force.

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Consultancy firm Bovill has hired two new principal consultants to its wealth team. Both come from the UK’s Financial Conduct Authority. Michael Lawrence joins after 16 years at the FCA, where he was most recently technical specialist. Andrew Manley, who was with the regulator for more than 12 years, was also most recently a technical specialist.

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Courtney Ryan and Lucas West have joined the Securities Industry and Financial Markets Association’s federal advocacy team as vice-presidents of federal government affairs. Ryan joins from the Credit Union National Association, where she was director of advocacy. West joins from his prior role as financial services senior policy adviser for US representative Blake Luetkemeyer. Both Ryan and West will be based in Washington, DC.