Stéphane Boujnah has been reappointed as head of Euronext and chairman of Euronext's managing board for a further four years. Boujnah joined Euronext as CEO and chairman in 2015 shortly after it was spun out of Intercontinental Exchange. Since then, he has transformed the company through the acquisition of European rivals including the Dublin and Oslo stock exchanges and Borsa Italiana. Before joining the exchange group, Boujnah was head of Santander Global Banking and Markets for Continental Europe. From 2005 to 2010, he was managing director at Deutsche Bank responsible for the development of the investment banking operations in France. Previously he founded KM5 Capital, an advisory company specialising in equity raising and M&A advice for venture capital funds and technology companies. He also served as a senior adviser to the French Minister for the Economy, Finance and Industry. He began his career in 1991 as a business lawyer at Freshfields.
Euronext also announced that Robert Pecora has been appointed to replace Marco Polito as CEO and general manager of Euronext Clearing, the multi-asset clearinghouse that became part of Euronext through the acquisition of Borsa Italiana. Polito stepped down from the role at the end of April. Pecora joins from the Société Générale Group, where he was CEO and general manager of Société Générale Securities Services SpA, the Italian branch of the bank's securities services division. Pecora will start the role on 3 July and will focus on the day-to-day management of the CCP, including engagement with regulators and with clearing members. The Euronext Clearing team is based in Rome, Milan, Paris and London. Pecora will be based in Rome.
The Monetary Authority of Singapore has reappointed Ravi Menon as managing director for two more years. Menon has been at the helm of the MAS since 2011. Before joining the central bank, he was trade ministry permanent secretary and deputy secretary at the finance ministry. The official statement from MAS says that Menon will serve as managing director until 31 May 2025 or his retirement, whichever is earlier. MAS also announced that two board members will be reappointed for terms of three years until May 2026: Lucien Wong, Singapore's attorney-general, and Chaly Mah, chairman of NetLink NBN Management Pte Ltd.
The Options Clearing Corp. has appointed three new members to its board of directors: Michael Blaugrund, chief operating officer at the New York Stock Exchange, Boudewijn Duinstra, chief executive officer at ABN AMRO Clearing USA, and Stephen Luparello, a former official at the US Securities and Exchange Commission who served as general counsel for Citadel Securities until he retired in 2022. OCC also announced that Craig Donohue was re-elected as executive chairman of the OCC board, a position he has held since 2014.
OCC also announced the election of several individuals to serve as directors for the clearinghouse's "class one" members: Susan O'Flynn, head of equities, France at Morgan Stanley; Peter Maragos, co-founder and chief executive officer of Dash Financial Technologies; and Joseph Lewis, managing director and co-head of corporate hedging and FX solutions at Jefferies.
South Street Securities Holdings has appointed Laurie Ferber and Supurna VedBrat as new members of its board of directors. Ferber joins with over three decades of legal and business experience at various financial institutions. Twenty-one of those years were spent at Goldman Sachs, where she contributed to the creation of ICE. She has also served as an FIA board member and on the CFTC’s global markets and technology advisory committees. VedBrat brings over 25 years of experience in the financial and technology industries, and has held leadership positions at BlackRock, Bank of America, ING Barings, and IBM. She also serves on the Advisory Board of Women in Derivatives (WIND), supporting women’s advancement in the financial workforce.
The Australian Securities Exchange’s chief customer and operating officer Val Mathews has announced her intention to resign. Mathews was appointed to this role in 2021 and her responsibilities include customer experience and digital delivery, customer support, marketing and brand, and project delivery. Previously, she served as chief operating officer and executive general manager of operations for ASX. Mathews will remain at the firm until a transition plan is finalised. In the interim ASX has appointed Diona Rae to a newly created role as program director for delivery and risk. Rae previously held senior roles at Commonwealth Bank, GPT Group, KPMG and Macquarie Bank.
Steve Chivers recently started a position at ADM Investor Services in the institutional prime services division. He was previously senior vice president at Marex Spectron. He has also served as electronic trading sales director at Wells Fargo, managing director at Jefferies, and ETD head of electronic trading at USB Securities.
Additionally, John Hyde started a new position in institutional prime services at ADM Investor Services. He joins ADM from Marex where he served as senior vice president. Prior to this, he was director of global exchange traded services at Wells Fargo and worked in futures and options and OTC clearing at Merrill Lynch.
Marex has appointed Rob Irvin as chief financial officer, taking over from Paolo Tonucci who will now serve as chief strategist and CEO of the company's capital markets business. Prior to joining Marex, Irvin spent a decade at HSBC as CFO of the investment bank and then as the global CFO for HSBC’s private bank. Irvin will report to CEO Ian Lowitt.
Avelacom, an ultra-low latency network, IT infrastructure, and data provider for the financial services industry, has appointed Lorenz Voss as US managing director of its newly established Chicago office. Voss most recently served as head of supplier management at Tower Research Capital. He previously worked at GTT, Perseus Telecom, and Trading Technologies.
Three new directors have joined the International Swaps and Derivatives Association’s board. The new directors are Yoji Imafuku, managing director and head of derivatives business planning at Mizuho Securities Co, Ltd., Daniel Maguire, CEO, LCH Group and group head, post trade at the London Stock Exchange Group, and Tyler Wellensiek, managing director, global head of rates market structure and business strategy at Barclays. In addition, nine directors were re-elected for a continuing term.