TRADING UP: Eze, GTX Appoint CEOs; ICAP Adds Two in Post-Trade


ICAP hired Goldman Sachs’ former European head of OTC clearing to head up post-trade product development. Stuart Connolly has joined Icap’s Post Trade Risk and Information division in a newly created role as head of client product development, reporting to PTRI’s CEO Jenny Knott. The move follows Icap’s full acquisition of trade reporting firm Abide Financial and hedge fund analytics specialist Enso Financial.

Also, ICAP landed Guy Rowcliffe, the CEO of Reset, as Head of Asia Pacific, ICAP Post Trade Risk and Information Services. In this new role, Rowcliffe will be responsible for Asia Pacific regional strategy for ICAP’s PTRI business and will represent the company among regulators, industry bodies and committees. He has over 20 years of experience in post trade services and within interest rate derivatives markets in both Asia and London. He came to ICAP following the acquisition of Switchfix in 2008, which was later rebranded to Reset, an ICAP PTRI business. Rowcliffe retains his role as CEO of Reset and will report to Knott.

GTX announced the appointment of Edward Brown as CEO of its Swap Execution Facility. Brown joins with over 25 years’ experience in the financial services industry. Previously, he headed strategic initiatives at EBS BrokerTec, having also served in a variety of senior roles in ICAP’s electronic trading division. Prior to ICAP, Mr. Brown headed new business development at BrokerTec, which was acquired by ICAP in 2003.

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

London-based broker ED&F Man has hired veteran commodities futures salesman Guillermo Matta in New York. Matta previously worked at Jefferies and Societe Generale.

Tom Sexton has been appointed president and CEO of the National Futures Association (NFA). Sexton will be replacing Dan Roth, who announced his retirement in May.

Eze Software Group has appointed Jeffrey Shoreman President and CEO, effective Jan. 1, 2017. He succeeds Pete Sinisgalli, who will be assuming the newly-created Executive Chairman role. In the new leadership structure, Shoreman will be responsible for day-to-day operations, driving growth and customer satisfaction, while Sinisgalli will focus on strategic initiatives and support Shoreman. He has been with the firm, and its predecessor companies, for more than 17 years. He currently holds the position of President and has previously been the firm’s Chief Operating Officer and Chief Technology Officer.

ISDA appointed Tara Kruse as head of its margin for non-cleared derivatives implementation effort. She replaces Mary Johannes, who is leaving the Association to pursue other interests. Kruse joined ISDA in 2013 as a director in the data and reporting team, and was appointed Co-head of Data, Reporting and FpML in March 2015. As Head of the ISDA Working Group of Margining Requirements (WGMR) Initiative, she will be responsible for helping the industry prepare for the variation margin ‘Big Bang’ on March 1, 2017, and the extension of initial margin requirements to phase-two entities in September 2017. She will also oversee forthcoming updates to the ISDA Standard Initial Margin Model (ISDA SIMM) and the management of the ISDA SIMM governance framework.

IEX announced that Sara Furber, previously a Managing Director at Morgan Stanley, has joined the company as Head of Listings. In this role, Furber will lead IEX’s effort to launch the first ever buyside-backed listings exchange for U.S. companies. Prior to IEX, she was a member of Morgan Stanley’s Management Committee and responsible for driving digital innovation within Wealth Management. Furber started her career as an investment banker at Merrill Lynch and was Head of Investor Relations for Merrill during the credit crisis in 2007-2008, through its merger with Bank of America. Post-merger, she served as Chief Operating Officer for Global Corporate and Investment Banking at Bank of America Merrill Lynch.

Vela Trading Technologies today announced the appointment of two additions to the senior management team, Brian Cassin and Ollie Cadman. Providing leadership across North America, EMEA and APAC, Cassin and Cadman will serve as joint heads of product and strategy, reporting directly to CEO Jennifer Nayar. Based out of the company’s New York headquarters, Cassin most recently served as Managing Director, Product and Content for S&P Global’s Real-Time Solutions business. Cadman joins Vela from Intercontinental Exchange and will be based in the London office.

Algomi named Rony Grushka joined its board with immediate effect. Grushka was a co-founder of Markit Group and played a major role in building it into one of the world’s most highly respected financial information companies. Over thirteen years, his roles included the Global Head of Corporate Strategy, CFO, membership of the Executive Management Committee and Secretary to the Board of Directors. He led and managed the IPO of the company on the NASDAQ.

IHS Markit announced that Andrew Aziz has joined the firm as the global head of Markit Analytics. Drawing on his two decades of experience in the financial technology industry, most recently at IBM, Aziz will have responsibility for leading the business, product and R&D functions at Markit Analytics. At IBM, he led strategy, quantitative analytics and research for the risk analytics division. He also held several senior executive management functions at Algorithmics Inc. for 17 years, prior to its acquisition.

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