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People news – August/September 2022

Appointments, promotions and other people news in the derivatives industry

8 September 2022

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Christina Segal-Knowles has stepped down from her role as executive director for financial markets Infrastructure at the Bank of England. The Bank has not yet announced who will take over the role. Segal-Knowles previously served as the Bank’s director for financial stability strategy and risk from 2017-2019. Before that, she worked at the White House from 2014-2017, serving as special assistant to President Obama for international economics and as senior director for global economics and finance in the National Economic Council and National Security Council. Segal-Knowles has also worked at the European Bank for Reconstruction and Development, the US Department of Treasury, and the Federal Reserve Bank of New York.

Cécile Nagel, chief executive officer of EuroCCP, is leaving to join BNY Mellon’s Pershing subsidiary as CEO of the EMEA business in October. Pershing provides clearing, brokerage, custody and other related services. Nagel will become a member of Pershing’s global executive committee and will be based in London. Prior to being appointed CEO of EuroCCP in 2018, Nagel held several senior management roles at the London Stock Exchange Group, Oliver Wyman, and the former Financial Services Authority.

Steve Hamilton, the global head of financial derivatives at ICE, is leaving the exchange group at the end of September to pursue other opportunities. Hamilton, who joined ICE in July 2019 from crypto trading firm Archax, was charged with introducing and boosting adoption of futures and options contracts based on alternatives to Libor. The Libor transition was one of the largest product migrations in ICE’s history, as Hamilton previously discussed with MarketVoice. Before Archax, Hamilton was chief operating officer at CurveGlobal, the London Stock Exchange Group-owned interest rate derivatives venue. He also worked at the London office of DRW for eight years and the Financial Conduct Authority. He began his career at LIFFE in 2002.

Jamil Nazarali has left Citadel Securities, where he was global head of business development, to head EDX Markets, a new exchange being developed by a group of firms including Citadel Securities, Virtu Financial, Charles Schwab Corp. and Fidelity Digital Assets to enable the trading of digital assets through trusted intermediaries. Nazarali joined Citadel Securities in 2011 as head of execution services and was appointed global head of business development in 2018. Before that, he was global head of electronic trading at Knight Capital Group.

The Singapore Exchange has announced that its chairman of six years, Kwa Chong Seng, will be stepping down on 31 December and will be succeeded by Koh Boon Hwee, who was appointed to the SGX board in March this year. Koh has served at and chaired various listed and private companies globally and in Singapore, including Agilent Technologies, DBS Bank, Singapore Airlines, Singtel and Wuthelam Group. He will begin his duties as chairman on 1 January 2023.

Dawn Stump, former commissioner of the US Commodity Futures Trading Commission, has joined crypto risk monitoring firm Solidus Labs as an advisor. Stump, who was commissioner from September 2018 to April 2022, will advise Solidus Labs on policy development and regulatory engagement. She joins several former regulators who are advisors to Solidus Labs, including former CFTC Chair J. Christopher Giancarlo, former SEC Commissioner Troy Paredes, former Acting Comptroller of the Currency Brian Brooks, former LabCFTC Director Daniel Gorfine, and former Hong Kong Securities and Futures Commission innovation and licensing leader Clara Chiu.

FTX.US Derivatives has announced that former CFTC Commissioner Jill Sommers has joined its board in a move to help bolster the firm’s regulatory efforts. Sommers served two consecutive terms as a CFTC commissioner, ending her six years of service in 2013. She also spent time as the policy director and head of government affairs for the International Swaps and Derivatives Association and was managing director of regulatory affairs at CME. She is currently a senior advisor to Patomak Global Partners.

Meaghan Dugan has joined the New York Stock Exchange as head of options. Dugan was previously a senior director at ICE, in charge of options product and competitive strategy. Prior to that she was head of derivatives product management for the US options and global futures businesses at Bank of America Merrill Lynch. 

Brian Shanahan has joined Citi in London as global head of markets operations transformation. He was previously the head of change at NatWest Markets, and before that was head of front office clearing, collateral and margin at RBS.

Renato Mariotti has joined the law firm Bryan Cave Leighton Paisner as a partner in the firm’s litigation and investigations practice in Chicago. Mariotti is a former federal prosecutor in the Justice Department’s securities and commodities fraud section and was previously a partner with Thompson Coburn in Chicago.

David Sellen has joined New Zealand’s Exchange as manager of the derivatives team. He was previously a director at Sealion Rocks and has held futures sales positions at Wells Fargo Securities, Merrill Lynch, JP Morgan, Nomura, Barclays Capital, and Credit Suisse.

Broadridge has appointed Ian Mawdsley as chief product officer of Broadridge trading and connectivity solutions and Christian Voigt as a senior product manager within Mawdsley’s team. Mawdsley was recently global head of equity trading solutions at Refinitiv during his five-year term with the company, in which he was previously head of buy-side trading. Voigt worked in trading design at Eurex after holding roles at ION, Fidessa and Deutsche Börse.

Eventus, a provider of trade surveillance and market risk services, has appointed Robbie McDonnell as sales director, Australia & New Zealand. Based in Sydney, McDonnell reports to Scott Leader, managing director, APAC. McDonnell previously held senior sales roles over the course of 20 years at Chicago-based Trading Technologies, including managing director of sales for APAC and global head of sales in Chicago, and led operations in Europe and the Middle East. Earlier in his career, he held sales roles at Future Source Tradestation, Dow Jones Markets and Allied Irish Bank.

Crypto liquidity provider B2C2 has appointed Thomas Restout as chief executive officer for Europe, the Middle East and Africa, reporting to Phillip Gillespie, group CEO. He joins B2C2 from Morgan Stanley, where he was most recently global head of macro electronic trading in charge of strategy, product innovation and execution across a broad range of assets and trading protocols. He was also a member of the bank's securities digital currencies working group.

Sterling Trading Tech, a provider of trading technology services for the global equities, equity options and futures markets, has appointed Jennifer Nayar as president and CEO. Nayar most recently served as CEO of Vela Trading Systems, a provider of data and execution technology for global multi-asset electronic trading. Prior to joining Vela, Nayar spent over a year at REDI Global Technologies as technology chief of staff and over four years at NYSE Technologies as global head of market data and business operations. Farid Naib, STT’s former CEO, has stepped down from his role as CEO, but will remain involved as an advisor.

NinjaTrader Group has hired Hazim Macky as chief technology officer, reporting to CEO Martin Franchi. Macky previously served as vice president of engineering and chief information security officer for Coinme.

The National Futures Association's board of directors has approved the appointment of Dale Spoljaric as vice president, capital and exams. Spoljaric has been with NFA for close to ten years and has served as a managing director in both NFA's futures compliance and OTC derivatives compliance departments. Prior to joining NFA, he served as US head of agency derivative services compliance at Barclays Capital.

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