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People News – June/July 2021

Appointments, promotions and other people news in the derivatives industry

6 July 2021

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FIA is pleased to welcome two new board members: William Black of Credit Suisse and Jeffrey Grant Gore of Wells Fargo. Black has almost 20 years of experience in OTC derivatives. He joined Credit Suisse in 2011 and serves as managing director and global head of OTC clearing. Gore is managing director and interim head of global exchange traded services at Wells Fargo. He has helped grow the bank’s FCM business to its current standing as a top five clearing firm in swaps and top 10 in client fund margins.

Societe Generale has appointed Sylvain Cartier and Alexandre Fleury as co-heads of global markets activities and members of the group's management committee. They replace Jean-François Grégoire who will pursue new projects outside the group. Cartier and Fleury were respectively head of credit, fixed income and currencies and head of equities and equity derivatives, positions which they will retain in their new roles. They report to Slawomir Krupa, head of global banking and investor solutions.

Alex Lenhart has left his position as Singapore Exchange's chief representative in the UK and US after five years with the exchange group. Lenhart joined SGX from Credit Suisse where he was managing director and head of European prime derivative services, responsible for ETD execution and clearing, OTC client clearing and FXPB. Previously he was managing director, head of US exchange traded derivatives sales and execution at UBS and spent seven years in futures sales for JP Morgan. SGX has started a search for a replacement.

Man Group has announced a series of senior management changes that include the departure of chief investment officer Sandy Rattray during the second half of this year. Also, Antoine Forterre, CEO of the ADL unit, will become Man's chief financial officer, subject to regulatory approval. Forterre will replace Mark Jones, who will become the group's deputy CEO with oversight of the ADL and Numeric units, as well as technology functions.

Chicago-based broker RJ O'Brien has named chief sales officer Daniel Staniford as president of the company. Staniford will retain his sales duties in addition to the new role and will continue to report to Gerald Corcoran, chairman and CEO of RJO. Staniford joined RJO in 2016 as executive director, in charge of the firm’s institutional business development in New York and London. He was promoted in May 2019 to the expanded role of chief sales officer. He previously spent 13 years at Citi, serving ultimately as managing director, rates sales. He spent the first seven years of his career at Brown Brothers Harriman & Co., where he became a vice president in the commodities lending department. 

Dalia Osman Blass has joined BlackRock as head of external affairs and a member of the global executive committee with responsibility for leading global public policy, social impact, corporate sustainability and a stakeholder capitalism research initiative. Prior to BlackRock, Blass was director of the Division of Investment Management at the US Securities and Exchange Commission, where she worked for 14 years serving in several leadership roles. Prior to the SEC, Blass worked at law firm Ropes & Gray and practiced regulatory law at O’Melveny and Meyers in Washington, D.C., and corporate law at Shearman & Sterling in New York and London.

BNY Mellon has appointed Alejandro Perez to the newly created role of chief operating officer for Global Market Infrastructure. Previously Perez was head of professional services for Unqork, and before that was CEO of Bloomberg Data Reporting Services. He also spent 12 years at Goldman Sachs in various roles across operations, investment banking, strategy and business development.

Financial services law firm Murphy & McGonigle has announced the election of Elizabeth Lan Davis as chair and president of the firm. Davis, whose three-year term begins on 1 September, will succeed firm co-founder James Murphy, who has served in those roles since the firm’s inception in 2010. The selection of Davis as the first woman of color to lead Murphy & McGonigle was conducted by a shareholder vote. Davis, who is based in the Washington, DC office, works across three practices – commodities, futures and derivatives; white-collar defense; investigations and compliance counseling; and fintech and blockchain. She joined Murphy & McGonigle in 2018 after serving at the US Commodity Futures Trading Commission for nine years, most recently as a chief trial attorney in the Division of Enforcement. Prior to this, she spent nine years at the US Department of Justice as a civil trial attorney.

The American Bankers Association has named Sayee Srinivasan as chief economist and head of research. Srinivasan joins from the CFTC, where he most recently served as deputy director of risk surveillance for the CFTC’s Division of Clearing and Risk. Previously at the CFTC, Srinivasan was senior economic advisor to the chairman and chief economist. Prior to that, Srinivasan worked in product and market development roles for securities and derivatives exchanges including the Bombay Stock Exchange, CME and the National Stock Exchange of India.

The SEC has named John Coates as its general counsel. Coates has served as the SEC’s acting director of the Division of Corporation Finance since February 2021. Previously, he was a partner at Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and financial institutions. During his prior service on the SEC’s Investor Advisory Committee, he chaired the Investor-as-Owner Subcommittee.

In other news, the SEC has appointed Gurbir Grewal as director of the Division of Enforcement, effective 26 July. Grewal currently serves as attorney general for the State of New Jersey, a role he has held since January 2018. Before that, he served as Bergen County prosecutor.

Jonathan Marcus, the former general counsel of the Commodity Futures Trading Commission, has joined Reed Smith’s Energy & Natural Resources Industry Group as a partner in the Washington, DC office. Marcus was previously at Skadden, Arps, Slate, Meagher & Flom, which he joined in 2017 after serving as general counsel at the CFTC from 2013-2017 and as the agency's deputy general counsel for litigation from 2011-2013.

Lizzie Baird has joined the Washington, DC office of law firm Steptoe & Johnson as a partner. Baird brings more than 30 years’ experience working in financial markets, including most recently as deputy director of the Division of Trading and Markets at the SEC, as well as past experience as a securities enforcement lawyer and a Wall Street fixed income trader.

The Depository Trust & Clearing Corp. has named Jennifer Peve as head of strategy and business development, reporting to DTCC President and CEO Michael Bodson. Peve will also join the DTCC management committee. Peve joined DTCC in 2015 as executive director, business development and fintech strategy office. She was promoted to managing director in 2018 and assumed expanded responsibilities for global partners and innovation. She previously served as executive director, OTC product management, at CME Group.

Regulatory technology firm Kaizen Reporting has announced the formation of its advisory board, which will be chaired by Mark Ibbotson, a non-executive director of G H Financials. Ibbotson will be joined by: David Lawton, an independent consultant on financial services regulation and a non-executive director on the boards of DTCC’s Trade Repository businesses; Ana Fernandes, head of compliance at Natixis Portugal; Catherine Langlais, an independent non-executive director at the OSTC and Mastercard Europe; Jonathan Herbst, partner and global head of financial services regulation at Norton Rose Fulbright; and David Nowell, who previously was head of compliance at UnaVista.

Rosario Chiarenza has joined Citi as global head of swap dealer governance, risk and controls. He was previously head of regulatory reform strategy at Morgan Stanley where he worked for seven years. Previously, Chiarenza was counsel at the International Swaps and Derivatives Association where he covered US regulatory and policy matters both at the federal and state level and was responsible for documentation and legal projects across all asset classes.

The International Organization of Securities Commissions has appointed Martin Moloney as its new secretary general. Moloney previously served at the Jersey Financial Services Commission and Central Bank of Ireland. He succeeds Paul Andrews, who was secretary general of IOSCO from 2016 to 2020, and will take up his post in September.

The European Securities and Markets Authority has appointed James von Moltke, chief financial officer and management board member of Deutsche Bank, as chair of the Working Group on Euro-Risk Free Reference Rates. Moltke will take over as chair from ING's Tanate Phutrakul.

Christian Sabella has joined cryptocurrency exchange Coinbase as senior director and associate general counsel of Coinbase’s capital markets division. He was most recently acting director of the SEC’s Division of Trading and Markets. Prior to joining the SEC, Sabella served as an associate with Shearman & Sterling.

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