BrokerTec boosts US team with director hire
BrokerTec recently hired Jamie Boulton as director for BrokerTec Quote US. Boulton joins from DealerWeb but has worked at BrokerTec previously between 2014-2021. Boulton’s experience in the repo markets goes back to roles in prime brokerage and government securities positions at Barclay’s between 1999 and 2014.
Boulton is the latest BrokerTec hire following Brian O’Neill joining the team as manager for BrokerTec Quote US in October, when he joined BrokerTec from GFI where he was Fixed Income Repo Sales trader for 17 years with a major emphasis on emerging markets. Both Boulton and O’Neill will focus on the expansion of the BrokerTec Quote dealer-to-client RFQ venue in the US and will report to Jamie O’Hara, senior director at BrokerTec Quote.
Pitts Robinson to take on securities financing product role at Citi
Pitts Robinson will be taking on the role of global head of Securities Financing Product based in London. He will report to David Martocci, managing director and global head of Securities Finance in New York. Robinson comes to Citi from J.P. Morgan, where he has been since 2011 and most recently as global head of FX services, according to his LinkedIn profile.
Bloomberg: SNB’s new policy maker brings bank insights and Fed experience
When the Swiss National Bank poached Antoine Martin from the Federal Reserve, it didn’t only get an experienced economist, but a potentially valuable asset for discussions on financial reform after the Credit Suisse crisis that engulfed the country this year, Bloomberg reports.
Martin, who joins from the New York Fed in January, has researched bank runs and was involved in designing US measures to stabilize the financial system after the 2008 financial crisis, according to instructors and peers who worked with him.
Gest joins LSEG as operations lead for Digital Market Infrastructure
David Gest has joined the London Stock Exchange Group as the operations lead for Digital Market Infrastructure (DMI) in the Capital Markets division. He will report to Thomas Bullock, group director for DMI. Gest’s background includes a variety of roles at Montis Digital, Clearstream and Broadridge, according to his Linked In profile.
LSEG announced last year that it is “exploring plans to build an end-to-end digital market ecosystem that will allow for the raising and transfer of capital in a more seamless, cost efficient way across asset classes,”
Bank of America exec joins FS-ISAC as CISO
FS-ISAC, the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, announced the appointment of John Denning as chief information security officer (CISO). Denning joins FS-ISAC from Bank of America, where he spent thirteen years; 11 years within Global Information Security.
His most recent role was Global Compliance and Operational Risk executive responsible for second line of defense for Global Markets Technology, Global Markets Operational Technology and Global Banking Technology, focusing on risk identification and reduction. He also served as senior vice president of Cyber Crime Prevention, Identity and Access Management and led the Cybersecurity Threat Intelligence team.
Prior to Bank of America, Denning held roles as the Director of External Affairs for the US Department of Homeland Security’s Office of Cybersecurity and Communication and spent eleven years as a congressional staff member focused on cybersecurity, telecommunications and critical infrastructure protection.
“At my core, I believe information sharing is foundational to protecting our financial infrastructure from ever-changing cyber threats,” Denning said in a statement.
In addition to leading FS-ISAC’s internal cybersecurity and risk management functions, Denning will strengthen FS-ISAC’s work of curating and disseminating critical baseline cybersecurity practices across the financial sector, including working with global financial institutions to ensure the entire sector has access to the deep knowledge of those with the most mature cyber defense programs.
Mark Uyeda sworn in for 2nd term as SEC commissioner
The Securities and Exchange Commission (SEC) announced that commissioner Mark Uyeda was sworn in for his second term expiring in 2028. In addition to his service as a Commissioner, Commissioner Uyeda served on the SEC staff in several roles from 2006 to 2022, including as senior adviser to Chairman Jay Clayton, senior adviser to acting chair Michael S. Piwowar, and counsel to commissioner Paul Atkins.
Prior to joining the SEC, Commissioner Uyeda served as Chief Advisor to the California Corporations Commissioner, the state’s securities regulator. He also worked as an attorney at the law firms of K&L Gates (formerly known as Kirkpatrick & Lockhart LLP) in Washington, D.C. and O’Melveny & Myers LLP in Los Angeles.
Four new members elected to PRMIA board
The Professional Risk Managers’ International Association (PRMIA) announced the results of it’s Board election. Four Board members were sworn in. They are:
- Carlos da Costa, associate professor of Finance, Simon Fraser University / University of British Columbia (Returning Global At-large representative)
- Sajjad Ahmed Cheema, head of Investment Risk Coverage, Public Investment Fund (Global At-large representative)
- Venugopal Patnaik, chief general manager (Risk Management Department), State Bank of India (Global At-large representative)
- Oscar. McCarthy, PRM, senior risk officer, ING (Risk Management Initiative in Microfinance representative)
“I am pleased to see another set of strong individuals joining our already influential board; each brings experience and knowledge that will help PRMIA advance its mission to promote, develop and share professional risk management practices globally. We would like to thank outgoing board members Kevin Fryatt, Srinivas Rao Sureddi and Thomas Wilson for their service; we look forward to them continuing to be part of our community,” said PRMIA’s CEO Justin McCarthy in an emailed release.
CFTC announces two appointments in data analytics unit
Commodity Futures Trading Commission chair Rostin Behnam announced two appointments in the Division of Data (DOD) that will enhance the CFTC’s analytic capabilities as the agency increasingly innovates its data-driven culture.
Ted Kaouk has been named chief data officer and director of DOD. Kaouk will spearhead data integration initiatives and collaborate with the CFTC’s offices and divisions to help the agency make informed policy decisions. Kaouk served as the chief data officer at the Office of Personnel Management (OPM), where he was responsible for developing the agency’s first federal government-wide human capital data strategy and data products. Prior to joining OPM, he was the chief data officer at the Department of Agriculture, responsible for establishing the agency’s first enterprise data analytics platform and a data strategy to improve organizational decision-making and outcomes for citizens.
John Coughlan will serve as the agency’s first chief data scientist. He will advance DOD’s data science expertise and expand the agency’s use of artificial intelligence to more effectively oversee the derivatives markets and meet its own regulatory requirements. Coughlan has served at the CFTC for eight years in data science and analytical roles using data to address the CFTC’s regulatory issues. Prior to joining DOD, Mr. Coughlan was a market analyst in the Market Intelligence Branch of the Division of Market Oversight. In this role, he built the first machine learning model the CFTC put into production to detect anomalies in regulatory transactions data.
“The massive shifts in financial markets driven by advances in technology put the CFTC at the center of a new era of financial data, empowering us to more efficiently and effectively execute our mission,” said chairman Rostin Behnam in a statement. “With these new critical hires, the CFTC is upskilling our data science staff, and increasing capacity and capability to be at the forefront of market innovations. We now have the team in place to set a strategy with concrete benchmarks and a clear path forward.”
Pirum hires Markus Coleman to run Marketing & Communications
The post-trade services firm Pirum has hired Markus Coleman as Director of Marketing, to run its Marketing & Communications functions. He brings 18 years of Marketing, Digital, and External and Internal Communications expertise across the Fintech, Finance, Legal and Accounting sectors.
Previously, Coleman built and ran the Marketing team of Sharegain, the securities lending fintech. Prior to that he built and led the global Rothschild & Co group’s first Digital Communications team. He has also run digital communications and content at the capital markets standard-setter, the IFRS Foundation, and the legal membership association, The Law Society.
Markus was hired to boost Pirum’s Marketing & Communications activities across digital, social media, search, campaigns, client communications, internal communications, and events. He will be focused on driving marketing qualified leads, particularly increasing the adoption of Pirum’s suite of products that enable firms to transition to T+1 settlement, and to support client and internal communications across the firm’s global footprint.
Jacob Koopman, chief revenue officer, said in a statement: “Markus brings a wealth of experience and expertise both in terms of marketing and our industry. His mindset and approach combine a formidable mix of a mature corporate financial institution with the agility of a tech-focused, entrepreneurial firm. I am looking forward to seeing his impact across the Pirum brand and global footprint.”
Coleman said in a statement: “This move represented a perfect opportunity to apply my craft in a technology-focused financial services firm. Moreover, Pirum’s existing brand and presence offer a wonderful foundation for expanding the firm’s marvelous story of consistently going above and beyond to automate the entire post-trade lifecycle.”