People moves: BoE, BNY Mellon, CFTC, ING, ISSA, Julius Baer, State Street, TS Imagine

BNY Mellon taps Nehal Udeshi for head of secfinance

In a LinkedIn post, Nehal Udeshi wrote: “After 17 incredible years at Goldman Sachs Sachs, I’m excited to be embarking on a new journey as the Head of Securities Finance at BNY Mellon. Grateful for all the exceptional people and opportunities I had at GS, and now eagerly looking forward to working with the talented team at Bank of New York Mellon.”

ISSA appoints Broadridge’s Sleightholme to BoD

The International Securities Services Association (ISSA) announced that Mike Sleightholme, president of Broadridge International, will be appointed to the Board of Directors (BoD).

As president of Broadridge International, Sleightholme is responsible for the company’s fast-growing front-to-back Trade Lifecycle Technology, Global Proxy and Asset Management Data and Technology businesses outside of North America, with a special focus on Europe and Asia. Before joining Broadridge he was Senior Vice President and General Manager of SS&C’s DST Systems, and global head of the Hedge Fund Services business at Citi’s Alternative Investor Services and was based in Hong Kong for eight years, overseeing Citi’s Asset Servicing businesses. He also helped set up middle office operations for Legal and General Investments in London and developed the tri-party collateral management platform for Citi.

Vicky Kyproglou, ISSA chair, said in a statement: “Mike’s diverse experience and global outlook, along with his deep technology and operations expertise and Broadridge’s depth and scale, provide a strong perspective in helping further ISSA’s mission.”

Sleightholme said in a statement: “ISSA’s work is closely aligned to Broadridge, and we have a shared focus on innovation through leveraging technology solutions to better enable firms to get ahead of today’s challenges and drive greater efficiency and effectiveness.”

Sarah Breeden appointed Deputy Governor for Financial Stability at BoE

The UK’s finance ministry announced the appointment of Sarah Breeden as deputy governor of the Bank of England (BoE) with responsibility for Financial Stability, starting on 1 November 2023. In that role, Breeden will play a crucial role in ensuring the safety and stability of the UK’s financial sector and will sit on the Financial Policy Committee (and chair it in the Governor’s absence) the Monetary Policy Committee and the Prudential Regulation Committee and play a key role in providing a link between financial stability and monetary policy.

Breeden will also be a member of the Court of the Bank of England, chair the Financial Market Infrastructure Board, and represent the Bank of England on a number of national and international bodies.

Governor of the Bank of England, Andrew Bailey, said in a statement: ‘I am delighted that Sarah has been appointed as Deputy Governor for Financial Stability. She will bring a wealth of financial and economic policy knowledge to the role, both domestically and internationally.’

Breeden said in a statement: ‘I am thrilled to have been appointed as Deputy Governor for Financial Stability. The Bank plays a critical role in supporting UK prosperity and having been committed to central banking and public service for my entire career, it will be an honour and a privilege to take up this role.’

Ledger Insights reported that she will replace Sir Jon Cunliffe, a seasoned central bank digital currency (CBDC) expert who has held the post for the past ten years, the maximum term a deputy governor may serve.

CFTC commissioner Pham announces executive staff appointments

The Commodity Futures and Trading Commission (CFTC) announced Harry Jung has joined her staff as counselor & senior policy advisor. Brigitte Weyls has been appointed chief counsel. Meghan Tente continues to serve as Chief of Staff.

Jung joins commissioner Pham’s office from Citigroup, where he held positions in the Office of the CEO and Office of the Chief Administrative Officer (CAO). Previously, he was the Capital Markets Regulatory Lead in Regulatory Strategy and Policy where he briefed executive management on key developments and implications.

He also coordinated firm-wide working groups on emerging issues and global policy forums, as well as led the regulatory engagement regarding digital assets with US prudential and capital markets regulators. Prior to Citigroup, Jung worked at Morgan Stanley and conducted internal compliance examinations and developed policies for new business activities in Wealth Management. He also previously worked at the Financial Industry Regulatory Authority (FINRA) and led broker-dealer examinations for compliance with securities regulations.

ING appoints Görkem Köseoğlu as CTO

ING announced the appointment of Görkem Köseoğlu as chief technology officer and member of the Management Board Banking. Görkem will take up his position on 1 September, succeeding Ron van Kemenade, who stepped down effective 30 April 2023.

Görkem is currently the chief operations officer of ING Netherlands, where he leads all the client services activities, the global transformation office, delivery tribes including data management, KYC services, collections, and fraud management. Danny Nijhuis, currently COO Wholesale Banking, will succeed Görkem in his current role as COO Netherlands.

Görkem joined ING in 2012 as chief operations officer and chief information officer of ING Turkey where he led the transformation agenda, optimizing customer journeys, processes and legacy platforms. In 2018, Görkem became ING Group’s chief analytics officer, setting up the Global Analytics unit, defining the strategies for change and analytics platforms and building a global analytics community.

Prior to ING, Görkem spent over 10 years in the financial institutions practice and business technology practice at global consultancy firm McKinsey & Company. He started his career at Lucent Technologies-Bell Labs. Görkem has a B.Sc in Computer Engineering from Boğaziçi University in Turkey and an MBA from TSM Business School, University of Twente, the Netherlands.

TS Imagine firms up APAC sales team 

TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, announced the appointment of Eric Chen to its APAC sales team. Based in the company’s Hong Kong office and reporting to Fred Villain, TS Imagine’s head of APAC Sales, Chen reinforces the growing global team’s capacity to deliver solutions to hedge funds, asset managers, brokers and banks throughout global financial markets.

Chen joins TS Imagine from SS&C Technologies, where he managed the organization’s top accounts in APAC and oversaw sales activity across mainland China, Taiwan, and Hong Kong. Prior to that he was at fintech solutions company FIS Global.

Chen is the most recent hire in TS Imagine’s APAC team, led by Sim Johal, who relocates to Hong Kong from London in September. His appointment follows the recent hires of Stephanie Cheung and An Hoong in Hong Kong, and the relocation of OEMS Product Manager Surika Vosloo from London to Sydney, Australia.

The timing of Chen’s appointment, and the expansion of TS Imagine’s sales team in all regions, coincides with the recent launch of two new, globally available solutions: TS One and RiskSmartX. Eric is the fifth senior sales executive TS Imagine has added globally this year.

SFT: Werner departs from State Street Digital

State Street Digital’s global head of digital custody and payments, Swen Werner, has departed from the firm after eight years. Based in London, Werner held product management roles in custody, cash and, as of September 2021, State Street Digital. During his time at State Street he also became a board member for Fnality International.

He had joined State Street from J.P. Morgan, where he took on roles within the firm’s London and Hong Kong offices between 2011 and 2015 — most recently as executive director and APAC head of collateral management product.

Announcing his departure, Werner said in an online statement that his positions at State Street “[allowed] me to pursue what started as a curiosity about digital assets and blockchain into a true obsession”. Werner will take a temporary break from the industry to focus on personal matters. Read the full article

Global Investor: Julius Baer hires ex-CS Yüce as securities trader

In his new role, Erhan Yüce will join the firms desk as senior trader for securities lending and borrowing and repurchase agreement. Read the full article

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