Marex Group has appointed Terry Hollingsworth as global head of futures clearing sales, based in London. The appointment comes as a part of Marex’s acquisition of the ED&F Man Capital Markets business, announced in August. Hollingsworth is one of around 420 ED&F Man Capital Markets employees to join Marex globally so far. He joined ED&F Man in September 2019 as a managing director and head of institutional sales for listed derivatives before taking on the role of commercial director, futures and options clearing. Prior to ED&F Man, Hollingsworth was the global head of futures, clearing and collateral client executive sales at Citi.
Gordon Grant has been appointed head of Asia markets operations at Citi. Grant joined Citi in London in November 2020 as global head of futures, clearing and FX prime brokerage operations. He previously worked at Morgan Stanley for 20 years in various senior roles, most recently as managing director, client operations.
Proprietary trading firm Flow Traders N.V has announced that Dennis Dijkstra has decided not to seek reappointment as chief executive officer. Mike Kuehnel, currently serving as chief financial officer, will become CEO on 1 February. Dijkstra joined Flow Traders as CFO in 2009 and was appointed co-CEO in January 2014 and subsequently CEO in May 2019. Kuehnel joined Flow Traders in August 2021 from Bain & Company where he was a partner leading the investment banking and financial markets infrastructure practice for EMEA. Before that, he worked at Goldman Sachs, where he was responsible for advising on large-scale equity and M&A transactions.
In other news, Flow Traders appointed Matt O’Neill as global head of corporate strategy and member of the executive committee. His areas of responsibility include M&A, strategic partnerships, prime brokerage strategy, investor relations and the company's fintech venture capital unit. He previously worked at Goldman Sachs where he was responsible for global markets strategic partnerships and investments in Asia Pacific. Before that he worked in the prime brokerage business at Morgan Stanley as Asia-Pacific head for listed derivatives and OTC clearing business.
Edwin Schooling Latter is leaving the UK Financial Conduct Authority, where he is director of Markets and Wholesale Policy, to join Credit Suisse in mid-February as head of regulatory relations for UK and EMEA. At the FCA, Schooling Latter was responsible for policy in relation to primary and secondary markets, trading venues, trading conduct, benchmarks, asset management and pensions. From 2011-2014 he was head of the Financial Market Infrastructure Directorate at the Bank of England, responsible for supervision of CCPs, securities settlement systems, and systemically important payment systems.
Austan Goolsbee, a former economic advisor to the Obama White House, will take over as the president and chief executive officer of the Federal Reserve Bank of Chicago when its current chief Charles Evans steps down in January under the central bank's age-based mandatory retirement rules. Goolsbee chaired the Council of Economic Advisors under President Barack Obama. He is currently the Robert P. Gwinn professor of economics at the University of Chicago Booth School of Business where he is in his 28th year on the faculty.
Susanna Grufman has been appointed acting director general of Finansinspektionen, the Swedish Financial Supervisory Authority, as Erik Thedéen steps down from his role as director general to become the head of the central bank. Grufman was previously deputy director general in addition to her role as executive director for markets. Marie Jesperson will take over as acting executive director of markets.
Rodrigo Buenaventura, chair of the Spanish Securities Market Commission (CNMV), has been appointed chair of International Organization of Securities Commission's Sustainable Finance Task Force. Buenaventura will lead IOSCO through the finalization of its work on carbon markets, seeking to establish recommendations for the sound functioning of these markets, as well as work on promoting independent assurance of corporate sustainability disclosures.
The Securities and Exchange Board of India has approved Sundararaman Ramamurthy as the new managing director and chief executive officer of BSE (formerly the Bombay Stock Exchange). Ramamurthy’s appointment is subject to the approval of shareholders, BSE said in an exchange filing. The top position at BSE has been vacant since July when Ashishkumar Chauhan resigned from the post to join rival National Stock Exchange as MD and CEO. Ramamurthy is presently managing director and chief operating officer of the India arm of Bank of America.
LSE Group will appoint a senior executive from Microsoft to its board of directors as part of a long-term cloud services partnership announced in December. The two companies said that Scott Guthrie, Microsoft’s executive vice president in Microsoft's cloud and artificial intelligence group, will be appointed as a non-executive director of LSEG. Under the partnership agreement, Microsoft plans to buy approximately 4% of LSEG and LSEG plans to migrate its data platform and other key technology infrastructure to Microsoft Azure.
Kiran Panja has joined CME Group as managing director and global head of cloud and head of data engineering. CME is working with Google Cloud to migrate its technology infrastructure, and eventually all its markets, to the cloud. Panja was previously managing director, financial services digital transformation at IBM and before that worked at Citi for seven years as global head of private cloud platform-as-a-service.
Broadridge Financial Solutions has promoted Martin Koopman to chief product officer, reporting directly to Tim Gokey, the chief executive officer. In this role, he will lead the product management team working across all business units to drive Broadridge’s delivery of software-as-a-service and other service offerings to financial services clients. Koopman joined Broadridge in 2014 as head of strategy for Broadridge’s investor communication services business. In 2017, he was named president of the bank broker-dealer division within the investor communication services business. He has previously worked at NYSE Euronext, Boston Consulting Group, and Itiviti/Orc Software after its acquisition of Cameron Systems, which he co-founded.
OCC, the world’s largest equity derivatives clearing organization, has appointed Vishal Thakkar, currently acting chief risk officer, as chief risk officer. Thakkar previously led the company's enterprise risk management function. He also has held leadership roles at OCC in financial risk management and internal audit.
Julian Hammar has joined Nodal Exchange as associate general counsel. Hammar was previously a partner at law firm FisherBroyles, of counsel at Morrison & Foerster and special counsel at Covington & Burling. Hammar also served as assistant general counsel at the Commodity Futures Trading Commission, where he worked for 13 years.
Lara Shevchenko has joined FIA European Principal Traders Association in London as senior policy advisor for market structure with responsibility for FIA EPTA’s market structure work program in both the EU and UK. Shevchenko previously worked as a regulatory lawyer at Linklaters and as head of European equity market Structure at Bank of America Merrill Lynch.
Crypto market maker B2C2 has appointed Nicola White, the former global chief operating officer of fixed income at Citadel Securities, as group chief executive officer. White was promoted to the position after serving as B2C2's chief executive officer for the US over the last year. White will replace Phillip Gillespie, who will take on a venture capital role with SBI, the Japanese financial group that acquired B2C2 in 2020.
Venture capital firm Andreessen Horowitz has appointed former Commodity Futures Trading Commission member Brian Quintenz as head of policy of its crypto business. Quintenz was previously a senior advisor to the company's crypto team, a position he assumed in September 2021. Quintenz served as a CFTC commissioner from August 2017 through August 2021 and led the CFTC’s Technology Advisory Committee.
Talos, a provider of institutional digital asset trading technology, has appointed Josh Peschko as head of compliance. Peschko previously worked at AQR Capital Management, where he served in a variety of compliance-related roles, most recently as global head of trading and investment compliance. Before that, he served in a risk management monitoring and control position at JP Morgan.
Aimie Dunnet has joined Morgan Stanley as a client service manager, institutional securities group product operations at Morgan Stanley. She previously worked at the London Metal Exchange as a relationship manager.
Hidden Road, a global credit network for institutional investors to access traditional and digital markets, has appointed Joseph Cerullo as chief compliance officer. Cerullo was previously chief compliance officer for JP Morgan’s FCM and US swap dealers.