WISF announces Erika Fleming as Chicago chapter lead
Women in Securities Finance (WISF) announced that Erika Fleming will be the new Chicago chapter lead. Fleming is currently a Business Architect at Schwab, where she is responsible for leading and coordinating maintenance and enhancements to the various in-house and vendor applications used by the Securities Lending department. She previously served at FIS, Citadel and Wachovia Capital Markets.
Fleming will join current Chicago chapter lead, Lori Paris, head of Securities Finance Client Management at Northern Trust, who has been leading the chapter since 2019, at a time when WISF is transitioning the Chicago chapter into a virtual chapter to adapt to membership demands and provide growth opportunities for members who reside in areas outside of the established chapters.
Fleming brings a wealth of securities finance and leadership experience to this position, where she will further WISF’s mission to create a community to foster connections and promote the inclusion and advancement of women in the securities finance industry.
Paris said in a statement: “I am looking forward to expanding the existing chapter with Erika and hosting some exciting virtual events open to all members. Erika’s extensive securities finance experience and wide network will be a nice addition to the leadership team!”
Broadridge appoints Chiong for new role as head of Americas Product for BTCS
Broadridge Financial Solutions announced the appointment of Freddie Chiong as head of Americas Product in the Broadridge Trading and Connectivity Solutions (BTCS) division. In this newly established role, he will be responsible for leading the continued expansion of Broadridge’s Order Management System (OMS) for the US Market.
Prior to joining Broadridge, Chiong spent nearly two decades at Fidessa, where he led business development and drove various go-to-market strategies. Immediately following, he joined Broadridge’s BTCS group, then called Itiviti, as head of Pre-Sales, Americas. Most recently, he comes from the digital assets ecosystem innovating, building and packaging end to end solutions for clients. His appointment brings knowledgeable expertise to the BTCS group and furthers Broadridge’s strategy to expand its global footprint in the U.S.
SNB chair to step down at end of September 2024
The chair of the Swiss National Bank’s Governing Board, Thomas Jordan, has informed the Bank Council that he will step down from his position at the end of September 2024. Jordan joined the SNB in 1997 and his time at the helm of the SNB coincided with a period characterized by an unusually large number of challenges, necessitating far-reaching monetary policy measures to ensure price stability and maintain financial stability in different economic situations.
In spring 2023, the crisis at Credit Suisse presented an acute threat to financial stability in Switzerland. The SNB provided liquidity assistance on a historically unprecedented scale in order to ultimately enable the acquisition of Credit Suisse by UBS. In doing so, it made a decisive contribution to preventing a financial crisis with serious economic consequences.
President of the Bank Council, Barbara Steiner, said in a statement: “In Thomas Jordan, a prominent figure is stepping down. I deeply regret his decision. Thomas Jordan has been a defining influence on the SNB and its monetary policy for over a quarter of a century. During his time as Chairman, the SNB has fulfilled its mandate outstandingly well. Thanks to its convincing monetary policy and innovative strength, the institution enjoys an excellent reputation both nationally and internationally, and is in many areas one of the world’s leading central banks. As a result of the focused organizational and personnel improvements of recent years, the SNB is ideally placed to master its important tasks in the future.”
Jordan said in a statement: “Having met the various challenges of recent years, now is the right time for me to step down. It has been a great privilege to serve the SNB and the interests of the country as a whole.”
Former HSBC exec Niall Cameron joins BMLL as NED and investor
BMLL announced the appointment of Niall Cameron as non-executive director to support the strategic development of the business. At the same time, Cameron joins BMLL’s group of investors.
A former HSBC, IHS Markit and ABN Amro executive, Cameron is an experienced leader in both executive and non-executive roles with a track record that places him at the intersection of financial markets, digital finance, fintech and data. Today, he brings these experiences together at Fintech Connex, a firm he co-founded in 2020, focused on helping companies on their scale-up journey.
Among the roles during his career spanning more than three decades, he served as global head of Digital Markets (EMEA/MENA) at HSBC, progressing to the role of global head of Digital for the commercial and institutional client base, where he implemented a large-scale digital transformation project over several years.
Cameron said in a statement: “Throughout my career I was fortunate to hold senior executive roles at Markit Group where I learned about the power of financial data. BMLL’s data science capabilities, the depth and breadth of its Level 3, 2 and 1 data are unmatched in the industry. What’s more, its collaboration and distribution partnerships are breaking down the barriers to accessing high quality historical data for market participants around the world.”
Paul Humphrey, CEO of BMLL, said in a statement: “Having worked with Niall at ABN Amro and benefitted from his strategic counsel in my career and again in my early days at BMLL, I witnessed his passion for the industry first-hand. His experience at IHS Markit and HSBC will be invaluable for our executive team and in our growth journey. We look forward to working with him as we continue our mission to democratize access to the most granular order book data and help global market participants understand how markets truly behave”.
Cameron’s appointment follows a period of accelerated growth for BMLL, fueled by its recent Series B $26 million funding round supported by Factset, Nasdaq Ventures, IQ Capital and Snowflake Ventures. In 2023, BMLL expanded its global data coverage with the addition of more than 30 data sets from global exchanges, including APAC, EMEA and the Americas and entered into strategic, global data distribution partnerships with Snowflake and Exegy.