08.19.2019
By John D'Antona

TRADING UP: Cantor Hires Hannon for Bond Desk

Cantor Fitzgerald has hired a veteran bond trader Brian Hannon from Macquarie Group as the New York firm seeks to refill a few seats recently vacated on its credit trading team. He spent the last six years working at Delaware Investments, a member of Macquarie Group that specializes in equity and fixed income sales and trading.

If you have a new job or promotion to report, let me know at jdantona@marketsmedia.com 

A senior technologist is understood to be on the way out of Bank of America. Insiders say that Tim Lipscomb, head of electronic trading technology, handed in his resignation last week. Technically Lipscomb is still employed by BofA while he sits out his notice period. He’s expected to turn up somewhere else soon, however, and rumour has it that his next employer will be a technology company. eFinancial careers.

LCH named Isabelle Girolami as CEO, LCH Ltd. Girolami will join LCH on 1 November. She joins from Crédit Agricole, where she has most recently served as Deputy CEO of its Corporate and Investment Banking Business. In her role, she will be responsible for driving continued expansion across LCH’s services, with a focus on continued growth, innovation and operational excellence. LCH operates a number of market-leading clearing services across asset classes including interest rate derivatives, FX, equities and fixed income.Based in London, Isabelle will report to Daniel Maguire, CEO, LCH Group.

MTS, the electronic trading platform that is part of London Stock Exchange Group, has appointed Maria Cannata as Chairman of MTS. Cannata succeeds Alberto Giovannini who had been MTS Chairman since January 2012, and who passed away in April 2019. Cannata has had a highly accomplished career in the Italian Treasury, where she served as General Manager of public debt between 2000 and 2018. She was also Director of internal public debt between 1992 and 2000. Currently, Cannata is a Member of the Council of Experts of the Italian Treasury Department.

MCAP LLC, a leading electronic market maker focused on ADRs, Foreign Ordinaries, US Treasuries, Agencies, MBS and Money Market instruments has hired Anthony Zmuda, CMT, as a Managing Director of Equity Trading. In his new role, Zmuda will bring over 20 years of sales and trading experience to MCAP and be responsible for managing customer relationships and business development.  Zmuda most recently worked at Virtu (KCG/Knight) for 15 years as a Managing Director, where he played a key role in the Equity Sales & Trading Division.

The FICC Markets Standards Board named Martin Pluves as its new Chief Executive Officer. Pluves joins FMSB from LCH Group, where he was Chief Executive of LCH Ltd. Pluves will join FMSB in October, at which point Mark Yallop will revert from being Executive Chairman to Non-Executive Chairman. Pluves spent a decade at LCH in a variety of senior roles and was appointed CEO of LCH Ltd in 2015.  Before joining LCH, Martin spent 14 years at PA Consulting where he was elected a Partner in the Financial Services practice and was a member of the Management Group.

OCC announced that Susan O’Flynn, Managing Director and Global Head of CCP Strategy and Resource Optimization with Morgan Stanley, and Stuart Bourne, Managing Director, Head of Americas Asset Management Services with Bank of America Merrill Lynch, have joined OCC’s Board of Directors as Member Directors.  O’Flynn has worked for Morgan Stanley since 2008, and currently is globally responsible for CCP strategy and resource optimization, in addition to being EMEA Head of Bank Resource Management within Institutional Securities. Prior to that, she worked at Goldman Sachs in the structured funding business in London and New York for three years.

Bourne has worked for Bank of America Merrill Lynch since 2013, and his role includes responsibility for options clearing and prime brokerage. Prior to that, he worked at Morgan Stanley for 16 years, most recently serving as Managing Director, Prime Brokerage. Bourne holds an economics degree from the University of Warwick in England.

Ms. O’Flynn and Mr. Bourne fill the vacancies left by the resignations of Rachelle Keller of Citi in July 2018, and Jonathan Werts from Bank of America Merrill Lynch in May 2019.

Baton Systems, a provider of high-speed, blockchain-inspired, bank-to-bank payments infrastructure, has appointed Andrés Choussy as President and Chief Operating Officer. He brings more than 15 years of financial services knowledge and extensive experience in financial technology for clearing and prime brokerage of FX, along with listed and OTC derivatives. Prior to joining Baton, Choussy was CEO and President of NEX Group’s Traiana (now part of CME), and before that he held various executive positions at JPMorgan Chase, where he most recently was Head of the Derivatives Clearing and OTC Prime Brokerage Business in the Americas.

GAM Holding AG appoints Peter Sanderson as Group CEO effective September 1. Also, David Jacob is slated to become Chairman of the Board of Directors effective October 1. Sanderson most recently was with BlackRock where, over more than a decade, he served as Head of Financial Services Consulting, EMEA, Co-Head of Multi-Asset Investment Solutions in EMEA, and COO for BlackRock Solutions in EMEA. Jacob, a member of GAM’s Board of Directors since 2017, and acting as interim Group CEO since November 2018, will step down from the latter role on September 1 and will stand for confirmation in this role by shareholders at GAM’s next AGM in 2020.

Dolfin, an independent agile wealth management platform, has appointed Richard Webb as Head of Technology. In the newly created role, Webb will oversee Dolfin’s technology and infrastructure strategy and lead the development of its digital wealth management offering. He joins with over 20 years’ experience leading IT, change management and digital transformation projects. As a consultant across hedge funds, investment banks and retail banking, he led teams at CQS Management, RBS Global Banking, UBS Investment Bank and Accenture. More recently, Webb has successfully built and managed hedge fund technology platforms for the likes of Rokos Capital Management and COMAC Capital as Head of Enterprise Technology and Chief Technology Officer respectively. Webb will report to Amir Nabi, Dolfin’s Chief Operating Officer.

Commcise has onboarded Richard Hooke and Scott Douglass for its global business development and product strategy teams. Hooke is based in London as Director of Product Strategy. He brings a wealth of experience in the FinTech area having focused on providing leading-edge front office systems for the asset management community in his previous roles as Head of Products at LatentZero and latterly as the Buy-side Product Director at Fidessa. Douglass is based in New York and joins as Director of Business Development. He is responsible for driving the continued growth of the Commcise brand in the region. Previously, Douglass was Director of Institutional Sales and Commission Management at Instinet and spent a decade at Deutsche Bank. Other experience includes Bloomberg Tradebook and UBS where he was Director of Commission Management Sales.

Former AlphaPoint, TradingScreen, Lava Trading, and Bloomberg executive Brian Nadzan has been named Chief Technology Officer of Templum. His focus will be on building liquidity, transparency and connectivity for these otherwise illiquid assets.

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