TRADING UP: IEX Lands ISE Vet Ilyevsky; King to OCC
IEX Group hired Boris Ilyevsky, a former long-time executive of the options-focused International Securities Exchange (ISE), to lead market development, including a potential expansion into options. Ilyevsky, who spent 17 years at ISE before it was bought by Nasdaq for $1.1 billion from Deutsche Boerse in 2016, will help IEX explore “potential opportunities for strategic diversification,” the company said in a statement.
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Yann Lepape joined the Vontobel Asset Management bond team, specializing in Global Flexible Bonds. With over 20 years of experience, Lepape has over 20 years’ experience in macroeconomics, markets strategy and portfolio management. Prior to joining Vontobel Asset Management, he worked for Oddo BHF AM. Prior to Oddo BHF AM, he acted as a financial counselor of the French Treasury Department. Yann Lepape started his career in 1995 as a currency quantitative analyst at the proprietary trading desk of BNP Paribas.
Citigroup has hired quant trader and derivatives exec Jeff Berton to lead Citi Investment Strategies (CIS), a global team within the bank’s Markets & Securities Services division focused on quantitative index strategies. Berton will also be the head of exotics trading in North America.
R.J. O’Brien landed Joseph Raia as Managing Director, Global Commodity Futures in New York . Raia is tasked with building out the firm’s Energy and Metals Clearing, Execution Group. He specializes in futures and over-the-counter (OTC) markets as well as hedging/risk management and business development – with a specialty in global commodities and energy products. He previously worked at Goldman Sachs, CME Group and the New York Mercantile Exchange (NYMEX).
Credit Benchmark, a consensus based credit analytics, named Nick Pastoressa as Chief Product and Technology Officer. He will be based in the firm’s New York office and will spearhead both product strategy and development as Credit Benchmark expands its suite of innovative data and analytic solutions to its growing user base. Pastoressa comes from Nasdaq where he served as Global Head of Product and Platform for the company’s Corporate Solutions division, and led the effort to develop Nasdaq’s next generation suite of solutions for the corporate community. Prior to that, he led product development for the Investment Management, Investment Banking and Sell-side Research businesses of Thomson Reuters.
Nigel Khakoo was included among the latest round of job cuts at Nomura. A source close to the matter said that Khakoo, who was previously Global Head of FX Trading was one of the fifty traders who lost their jobs on Tuesday. Khakoo changed roles in January to become Global Head of Quantitative analytics in January of this year. He was also responsible for a reshuffling of Nomura’s trading divisions last year.
TFC Financial Management (TFC), an independent, majority employee-owned registered investment advisory and financial planning firm founded in 1980, announced that Debra McDonald has joined the firm as a senior client advisor. Most recently, McDonald spent 13 years with Wingate Wealth Advisors in Lexington, Massachusetts, as a client counselor/financial advisor. Prior to that, she spent four years with Charles Schwab & Co. working with independent advisors and eight years with Fidelity on both the retail and institutional sides.
Style Analytics has appointed Sylvia Kwok as Chief Marketing Officer, and Richard Son as Head of Sales Operations. Kwok has over 15 years’ marketing experience in financial services covering both the buy and sell side and most recently worked at SimCorp, Markit and Vermillion Software (now a FactSet Company.) Prior, she worked at FTSE Group and Man Investments Australia.
Son is responsible for sales operations. Working most recently at Finastra, originally Sophis UK before it was acquired by Mysis, he was their Sales Operations Officer of the Investment Management division. Son was responsible for improving the sales operation and global service deliveries, as well as overseeing a number of large implementation projects.
Wealth management firm Cassaday & Company, promoted Chief Operating Officer (COO) Allison Felix to President and Principal. Stephan Cassaday, the organization’s founder and current President will transition to Chairman and remain as Chief Executive Officer (CEO). Felix will retain her responsibilities as the firm’s COO. She joined Cassaday & Company, Inc. in 2001 as an executive assistant.
OCC landed Elizabeth King, former General Counsel of NYSE Group, to its Board of Directors as an Exchange Director. She fills a vacancy created by the departure of former NYSE Group President Thomas Farley in May. At NYSE, King manages the legal department for NYSE Group. Prior to joining NYSE Group, she was Deputy General Counsel and Global Head of Regulatory Affairs at securities trading firm KCG Holdings, Inc. Before joining KCG, King was Associate Director, Division of Trading and Markets at the U.S. Securities and Exchange Commission, where she was responsible for the SEC’s regulatory program for oversight of the securities markets.
He served as the 13th Chairman of the CFTC from 2014 to 2019.
Firm is investing up to $150m to anchor the team's first strategy.
President and chief executive officer of State Street Global Advisors will retire in 2022.
The board investigated whether Horta-Osório broke quarantine rules.
Crypto investor Amy Wu joined to lead Ventures, gaming, M&A and commercial initiatives.