People moves round-up: Cboe, Clear Street, Planixs, R.J. O’Brien, SIX, WFE, WISF….and more

WISF adds Scotiabank’s Hannigan and Barclays’ Fritz as NY chapter leads

Women in Securities Finance announced the addition of two New York chapter leads: Elaine Hannigan and Megan Fritz. They will be joining Nancy Allen, head of EquiLend Data and Analytics Solutions, who has been leading the New York chapter of WISF since March 2023.

Hannigan is currently Director in the Prime Services group at Scotiabank, with prior roles at Merrill Lynch, Lehman Brothers and Barclays Capital. An Alum of Vassar College and NYU Stern School of Business, her experience spans EMEA, APAC and LatAm with eight years living in Tokyo and Hong Kong. Always seeking to support women, she founded and co-chairs the Working Parents Group, an employee resource group at Scotiabank in the US.

Fritz has recently joined Barclays as chief of staff for Liquid Financing. Her prior roles include Goldman Sachs, Lehman Brothers and Bank of America. An Alum of Georgetown and NYU Stern School of Business, she serves as Board co-president of the Children’s Museum of the East End which regularly runs events to support the needs of children.

Allen said in a statement: “Both women have extensive securities finance experience and complement the existing leadership team nicely. We have big plans so watch this space for great things to come for WISF in NY!”

SIX appoints Bjørn Sibbern as global head of Exchanges

SIX announced that Bjørn Sibbern has been appointed global head Exchanges and member of the Executive Board of SIX, due to take up the position on 1st January 2024.

Currently serving as executive vice president and president of European Markets at Nasdaq, he has more than two decades’ experience operating across capital markets with experience managing large teams and expertise in the fields of trading, funds, post-trade, listings, IPOs, data, index business and technology. He will be responsible for both the Swiss and Spanish Exchanges at SIX, as well as the digital exchange SDX.

Before joining Nasdaq, he was head of Trading at Stocknet Norway and CEO at E*TRADE Bank Denmark. Sibbern will replace Christoph Landis, who has headed up the exchange business of SIX on an interim basis since February 2023. Landis will return to his previous role as head IT and member of the SIX Executive Board. Sibbern’s role will be filled by Roland Chai, according to Global Investor.

Clear Street hires Daplyn as CIO and Godbole as vice president of engineering

Prime broker Clear Street announced it has expanded its technology leadership team with the appointment of Jon Daplyn as chief information officer and Hari Godbole as managing director and vice president of Engineering.

Daplyn leads the Company’s 150 technologists and reports to Chris Pento, Clear Street’s co-founder and chief exec. Godbole reports to Daplyn and oversees technology for Clear Street Derivatives, Securities Finance, and Clearing, Settlement & Custody.

“Jon and Hari have the expertise and vision to help guide our organization as we pioneer a technology-first experience for prime brokerage to compete with the best in the world,” said Sachin Kumar, Clear Street co-founder and chief technology officer, in a statement. “Clear Street’s ability to attract such talent is a testament to all the hard work we’ve put into building this business. Under their leadership, we’ll build even better experiences for our clients and accomplish our mission to replace the outdated infrastructure used across capital markets.”

Daplyn joins Clear Street from Morgan Stanley, where he was instrumental in building a global prime brokerage business and served most recently as head of Prime Brokerage Technology. As head of Clear Street’s product and engineering organization, he will manage and successfully implement a future roadmap. Daplyn said in a statement: “With its cloud-native clearing and custody system, Clear Street is setting the standard for technology in risk management, execution management, portfolio management, and more. I look forward to partnering with Sachin and the team to deliver exceptional product experiences to our clients.”

Godbole brings more than 20 years of experience, including most recently at Cantor Fitzgerald, where he served as CIO of Cantor Fitzgerald Secured, CIO of Helix Financial Systems, and CTO of Post Trade Technology. Godbole previously served in senior roles at Citi, Fidelity Capital Markets, and J.P. Morgan.

Planixs hires Ransome as “liquidity futurologist”

Treasury software provider Planixs announced that “The Bankers’ Plumber”, Olaf Ransome, will be taking up a position with the firm as ‘Liquidity Futurologist’.

Known for his expert advice and insight into financial services, fintechs, liquidity, among other areas, Ransome has supported businesses across the globe in mastering processes and optimizing control both now, and in the future. In a previous role, he was chief commercial officer at wholesale blockchain infrastructure firm Fnality.

Ransome said in a LinkedIn post: “Liquidity is the lifeblood of financial services. I look forward to helping our clients better understand how to manage that liquidity in real-time.”

WFE elects new board directors

The World Federation of Exchanges (WFE) announced the election of seven new directors of the Board at its general assembly, including SGX’s CEO Boon Chye Loh as chair, SIX’s CEO Jos Dijsselhof as vice chair and TMX’s CEO John McKenzie as Working Committee chair.

Other appointments inlcude: Greg Wojciechowski, president & CEO of the Bermuda Stock Exchange as a director for the Americas region; Fredric Tomczyk, CEO of Cboe Global Markets as a director for Americas region; Hiromi Yamaji, Group CEO of the Japan Exchange Group  as a director for the Asia-Pacific region; and Byungdoo Sohn, chair and CEO of the Korea Exchange as a director for the Asia-Pacific region.

Nandini Sukumar, CEO at the WFE, said in a statement: “The WFE would like to welcome our new chair, vice chair and Working Committee chair CEOs of Singapore Exchange, SIX Group and TMX Group, respectively. Their knowledge and experience of the sector will be a great benefit to us as we continue to promote resilient, open and interconnected markets globally, as the voice of the industry. We thank Cboe for their dedication and contribution to the WFE as chair, and look forward to continuing to work with them as a valued Board member.”

R.J. O’Brien taps Fitzpatrick as managing director for Global Markets Insights

Chicago-based futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) announced that financial markets veteran Tom Fitzpatrick has just joined the firm as managing director for Global Markets Insights. Over a career that included nearly 39 years at Citi, Fitzpatrick cultivated a strong following across the globe for his insightful market commentary across asset classes.

Daniel Staniford, RJO President and chief sales officer, said in a statement: “We’re absolutely thrilled to have Tom on board as we continue our expansion into new asset classes and geographies. I had the pleasure of working with him at Citi, and the quality and depth of his analyses are simply unparalleled in the industry. This new role will provide our strong and growing client base with valuable new insights based on Tom’s passion for the markets and his thorough, thoughtful review that captures not only market fundamentals and psychology but also economic and financial history.”

Fitzpatrick said in a statement: “I’ve known Dan for many years and am excited to work with him directly again, particularly as the firm is building new, cross-asset opportunities for its clients across the globe.”

From 1999 until June of this year, Fitzpatrick has been a managing director at Citi, where he also served as global head of the CitiFXTechnicals product within the G10 FX business. In that role, he produced commentary focused on macroeconomic developments across all asset classes – including interest rates, equities and commodities, in addition to FX – after evolving from a technical product centered on FX. In addition to visiting institutional Citi clients across the globe, he has been a frequent speaker at internal and external conferences and has made regular media appearances.

Fitzpatrick grew up in Ireland and started his career as a junior bank official for Chase Bank of Ireland in Dublin. He began to specialize in foreign exchange (FX) when he joined HSBC Global Banking and Markets as a junior FX assistant. He moved to South Africa in 1984 as an analyst for Nedbank, and then joined Citi in FX sales, working out of the Johannesburg area. In 1987, he transferred to Citibank London to join Corporate FX sales, where he also covered investor, hedge fund and central bank as well as sovereign wealth funds before assuming the role of head of FX Institutional Sales. In 1996, he moved to New York to serve as head of FX Institutional Sales.

Cboe Global Markets announces leadership transition

  • Edward Tilly resigns as chair and CEO of Cboe Global Markets
  • Fredric Tomczyk, current member of Cboe Global Markets Board of Directors, and former president and CeO of TD Ameritrade, named CEO
  • William Farrow, currently lead director, named non-executive chair of the Board of Directors

Cboe Global Markets, announced that it has appointed Fredric Tomczyk, a current member of Cboe’s Board of Directors, to the role of CEO, effective immediately. Tomczyk succeeds Edward Tilly, who has resigned from the company following the conclusion of an investigation led by the Board of Directors and outside independent counsel that was launched in late August 2023.

The Board of Directors determined that Tilly did not disclose personal relationships with colleagues, which violated Cboe’s policies and stands in stark contrast to the company’s values. The conduct was not related to and does not impact the company’s strategy, financial performance, technology and market operations, reporting, or internal controls.

Tomczyk served as president and CEO of TD Ameritrade from October 2008 through October 2016. Before that, he served as vice chair of TD Bank. Prior to his time with TD, he was president and CEO of London Life and London Insurance Group. He joined Cboe’s Board of Directors in July 2019. William Farrow has been named non-executive chair of the Board of Directors.

“Cboe strives to uphold the highest ethical standards across the organization, and fully investigates and takes appropriate action when it determines that any of its policies have been violated,” said Farrow. “Fred’s familiarity with Cboe’s business, combined with his multi-decade experience in the financial services industry, will provide stability and reinforce the company’s commitment to growth for Cboe, its associates, customers, index partners, and investors during this period of transition.”

“Cboe’s business is stronger than ever, and I look forward to working alongside our global president, Dave Howson, and the entire management team to continue to execute on our global strategy of building on our position as the world’s leading securities and derivatives network,” said Tomczyk.

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