Andrew Bailey will become governor of the Bank of England from March 16 for a period of eight years. Bailey is currently the chief executive officer of the Financial Conduct Authority, which he joined in 2016. Before that he spent more than 30 years working at the Bank of England in numerous roles including deputy governor, head of the prudential regulation division and chief cashier, which meant that his signature appeared on all bank notes issued by the Bank. He will replace Mark Carney, who has served as governor since 2013 and won praise for putting climate change on the agenda for finance. Carney, who is set to join the United Nations as "special envoy for climate action and finance," agreed to extend his time at the Bank to March 15 to ensure a smooth transition.
Intercontinental Exchange has appointed Mike Blandina as CEO of its majority-owned cryptocurrency platform Bakkt. Adam White has been appointed as its president. The appointments took effect December 20, following the departure of founding CEO Kelly Loeffler, who has been appointed to the U.S. Senate to fill the seat of retiring Sen. Johnny Isakson. Blandina joined Bakkt in April 2019 as chief product officer after holding senior management roles at organizations including OneMarket, Westfield, PayPal, Google and the Blackhawk Network. White joined Bakkt as chief operating officer in 2018 from cryptocurrency exchange Coinbase where he was vice president and general manager of Coinbase's institutional business.
European Energy Exchange has appointed Wolfgang von Rintelen, a 14-year veteran at the exchange, as a member of its exchange management board. He joins current board members Steffen Koehler and Tim Greenwood and replaces Tobias Paulun, chief strategy officer at EEX, who resigned from the board to focus on EEX's global growth strategy. Von Rintelen joined EEX in April 2005 as director of legal and compliance before becoming head of market surveillance later that year. As part of the board move, he has stepped down as head of market surveillance and Henning Hentschke has taken over the role.
Chris Corrado, chief information officer and chief operating officer of the London Stock Exchange Group, is leaving at the end of the first quarter 2020 to pursue other professional opportunities. Anthony McCarthy, chief information officer of LCH Group, the LSE's clearinghouse business, has assumed the role of CIO and has joined the LSEG executive committee. Before joining LCH in May 2017, McCarthy worked for 17 years at Deutsche Bank and 12 years at Morgan Stanley. LSE also announced that David Shalders has assumed the role of COO, in addition to his responsibilities as chief integration officer and a member of the LSEG executive committee. Shalders joined LSE in October 2019 to oversee the integration of Refinitiv. Before that he was group operations and technology director at Willis Towers Watson, having led the integration of Willis and Towers Watson. Before that he spent 19 years at the Royal Bank of Scotland in several operations and technology roles, including group head of integration for the ABN Amro acquisition.
UnaVista, London Stock Exchange Group’s regulatory reporting platform, appointed Matthew Vincent as director of regulatory reporting strategy. Vincent joined from Credit Suisse where he spent five years as head of MiFID regulatory reporting. Before that he worked for Barclays in the operational compliance team. Vincent will be working with UnaVista’s 1,500 reporting firms to bring together ideas for innovation in the industry.
Citadel Securities has appointed Amit Bhuchar as chief operating officer for its fixed income, currencies, and commodities business. He joined from AQR Capital Management, where he was COO of global fixed income. Before that, he worked at J.P. Morgan for 14 years, holding several senior roles including global head of electronic rates trading at the bank and global head of fixed income trading at the bank's asset management arm. He replaced Nicola White, who joined Citadel in 2016 from Morgan Stanley.
Garry Jones, the former London Metal Exchange chief executive, has been appointed chief executive officer of Perfect Channel, a London based company that builds digital marketplaces for business-to-business transactions. Jones, a derivatives market veteran, left LME in 2017 after three years as its CEO. Prior to this he was global head of derivatives at NYSE Euronext and CEO of its London-based Liffe derivatives market. He is currently a non-executive director of ICBC Standard Bank and KRM22.
Michael Spencer, the founder of NEX Group, has been appointed the new chair of the Centre for Policy Studies, a right-wing think-tank founded by former U.K. prime minister Margaret Thatcher. Spencer succeeds Lord Saatchi, the advertising executive, who has held the position for a decade. Spencer, who was previously treasurer of the Conservative Party, founded and grew ICAP, later NEX Group, into one of the world's largest interdealer brokers. He is also a director of CME Group, which acquired NEX Group in 2018, and chairman of IPGL, his investment company.
KRM22, a technology and software investment company that focuses on risk management for capital markets, has appointed Steve Sparke as a non-executive director of the company. Sparke will replace Matt Reed, who is stepping down to focus on other business commitments. Sparke has more than 30 years’ experience in the exchange traded derivatives and commodity industry and was recently chief operating officer of Marex Spectron. Prior to joining Marex Spectron, he was global head of exchange traded derivatives at UBS from 1994 to 2006 where he launched and led the bank’s ETD clearing and execution business.
Gareth Roberts has joined ED&F Man Capital Markets as head of clearing strategy. He previously worked at J.P. Morgan for 15 years, most recently as executive director, futures and options and OTC clearing sales. He will be based in London and will report to Terry Hollingsworth, head of institutional sales for listed derivatives, who joined the firm in September from Citi.