Nationwide's Laing to replace TSB CRO Neeta Atkar

Icap creates global head of regulatory affairs role; NIBC appoints chief risk officer; Crown Agents boosts risk management

Iain Laing: joins TSB from Nationwide, where he has been CRO since 2011

TSB has appointed Iain Laing as its new chief risk officer (CRO), following Neeta Atkar's decision to step down from the role.

Laing will join the UK bank from building society Nationwide, where he has been CRO since 2011. He previously worked at UK bank Santander, holding the role of chief credit officer, and at domestic rival HBOS, where he was head of credit and customer management.

In his new role at TSB, which he is due to take up in March 2017, Laing will be based in both Bristol and London, and report to chief executive Paul Pester.

Atkar had worked at TSB since 2011. Prior to that, she was director of financial crime and operational risk at Lloyds Banking Group, the bank's former parent company. Atkar previously held senior risk management roles at UK financial services firms such as Abbey National and Royal & SunAlliance. She began her career as a bank supervisor at the Bank of England.

In an interview with Operational Risk last year, Atkar spoke about the importance of explaining op risk ideas in simple terms.

"Rather than saying 'it's all about operational risk', which people may not understand, it's the practicality of managing risks by using a language we live and breathe every day," she said. "You've got to put it on their agenda, to make sure they understand the impact of their actions and the risk of what they do."

London-based interdealer broker Icap has appointed Arjun Singh-Muchelle as global head of regulatory affairs, a newly created role in its global broking division.

He previously worked at The Investment Association, a trade association for UK investment managers, where he was a senior adviser on regulatory affairs. Prior to that, he was head of European Union affairs at the British Bankers' Association and a policy analyst at the European Commission in Brussels.

Singh-Muchelle joined Icap on September 5 and is based in London, reporting to Don McClumpha, chief operating officer of the broking business and chief executive of i-Swap, the firm's electronic trading platform for interest rate swaps.

Dutch investment bank NIBC has appointed Reinout van Riel as chief risk officer (CRO) and a member of the management board.

Since 2014, van Riel had been chief portfolio officer at Propertize, a Netherlands-based company created to manage the real estate portfolio of nationalised lender SNS Reaal. Prior to that, he served as chief restructuring officer at SNS Property Finance, a subsidiary of SNS Reaal.

Previously, Van Riel held senior roles at ABN Amro and Royal Bank of Scotland.

At NIBC, he is based in The Hague and reports to chief executive Paulus de Wilt.

UK-based Crown Agents Bank has expanded its risk management efforts with two appointments in anti-money laundering (AML) and credit risk.

Paul Nolan has been hired as the bank's money laundering reporting officer (MLRO) and head of the anti-financial crime team. He joins from Northern Trust, where he was head of anti-financial crime in Europe, the Middle East and Africa, and MLRO for the custodian bank's UK legal entities.

In his new role at Crown Agents Bank, Nolan will cover fraud, anti-bribery, corruption and AML. He will report to CRO Doug MacLennan.

Meanwhile, Simon Harris has been appointed as non-executive chair of the credit risk committee. He previously worked at Standard Chartered, where he was regional credit officer for Africa and Europe. Prior to that, he held various senior credit risk roles at HSBC, including in emerging markets such as South Africa, Saudi Arabia and Malaysia.

Both Nolan and Harris will be based in London.

 

The UK Financial Conduct Authority (FCA) has appointed Jennifer Long as accountable executive for Europe's second Markets in Financial Instruments Directive (Mifid II) and the Market Abuse Regulation (Mar).

Long will oversee the programme for implementing Mifid II and Mar rules in the UK. She stepped into the role in July and reports to Marc Teasdale, director of market oversight.

 

Silicon Valley Bank, a specialised technology lender with about $20 billion in assets, has hired Laura Izurieta as chief risk officer (CRO).

Izurieta replaces Marc Verissimo, who is retiring.

Izurieta moves from Capital One Bank, where she has been CRO for the retail and direct banking division in Virginia since 2012. She joined the firm in 2000, originally working in the lender's home-loans unit. Previously, she held positions at Bank of America and US government-sponsored entity Freddie Mac.

In her new role, Izurieta will be based at Silicon Valley Bank's headquarters in California and report to chief executive Greg Becker. She will also join the executive management team.

 
London-based trading firm XTX Markets has hired Bernard Denis in the newly created role of chief compliance officer.

Denis joins from UK-based investment manager Winton Capital, where he served as compliance director. He previously worked at the US Securities and Exchange Commission and as a director in the regulatory practice of London-based consultancy firm PwC.

In his new role, Denis is based in London and reports to Zar Amrolia, co-chief executive of XTX Markets.

 
Kansas-based asset manager Waddell & Reed has appointed Daniel Scherman to the newly created role of chief risk officer of its subsidiaries, Waddell & Reed Investment Management and Ivy Investment Management.

Scherman began his career as a foreign exchange trader at Bank of Boston, before going on to spend 13 years as a senior quant and fixed-income portfolio manager at US-based MFS Investment Management. He has also worked as a portfolio manager and CRO of Colorado-based investment manager Janus Capital.

In his new role, Scherman will be based in Kansas City and report to John Sundeen, chief financial officer of Waddell & Reed Financial.