TRADING UP: SEC, Thesys CAT Hire; Smith, Noll Exit
The U.S. Securities and Exchange Commission named Peter Uhlmann managing executive in the Office of Chairman Jay Clayton. Uhlmann will advise Clayton in matters relating to agency administration, operations, and management, and will serve as the Chairman’s primary liaison to divisions and offices. He has served in a variety of senior leadership positions during his tenure at the SEC. Most recently, Uhlmann served as managing executive for then-Acting Chairman Michael S. Piwowar. Prior to that, he was managing executive of the SEC’s Division of Corporation Finance.
Prominent HFT professional and president of Quantlab, Cameron Smith, has decided to call it quits after 10 years. In a statement, confirmed by the firm, reported that Smith left to pursue “other fun out there.” The statement also appeared on his personal Twitter feed. Smith joined Texas-based Quantlab in 2007, having spent a year as general counsel at the agency broker Instinet. Before that he was general counsel at the storied electronic trading platform The Island ECN, one of the first electronic share-trading platforms established in the US, which was acquired by Instinet in 2002. Smith was also a contributor at Traders Magazine.
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Thesys CAT LLC, the Thesys Technologies subsidiary operating as the Plan Processor for the SEC’s Consolidated Audit Trail (CAT), announced the appointment of Edward Watson as Chief Operating Officer and Shane Swanson as Chief Compliance Officer.
Watson is a seasoned finance executive with over 30 years of experience in finance, operations, and technology leadership in global financial services. He has held senior level executive roles at Citigroup, BNY Mellon, FIS/Capco, and Fannie Mae. At Thesys CAT, he will be responsible for strategic planning and day to day operations.
Swanson is an experienced financial services leader, General Counsel and Compliance Officer. He most recently served as Director of U.S. Market Structure at Citadel. Prior to that he was at Citigroup Global Markets, Inc. as Managing Director and CEO of Automated Trading Desk Financial Services, LLC. Shane was also Partner, General Counsel, and Chief Compliance Officer of Eladian Partners LP, where he set up an entire legal and compliance infrastructure.
The chief executive officer of Convergex, Eric Noll, is leaving the firm. Traders Magazine confirmed with the New York-based agency brokerage and technology company that Noll, who had overseen the acquisition of his firm to Cowen & Co, will be leaving the firm when the deal closes, which could be as soon as this week. He will remain a member and participant of the Securities and Exchange Commission’s Equity Market Structure Advisory Committee. Noll began his career on Wall Street back in 1993 as an Assistant Vice President on the Philadelphia Stock Exchange in strategic planning. He then moved to the buy-side at Susquehanna International in 1994 as a Managing Director. He spent 15 years at SIG.
The former global head of equity sales at Barclays is set to join Credit Suisse as head of equities EMEA, according to The Trade. Mike Di Iorio will join Credit Suisse in London at the end of August and will report to head of equities, Mike Stewart. At Barclays, Di Iorio was head of equities for APAC for three years before covering the derivatives, equity finance and cash markets as global head of equity sales. He has also held several positions with Lehman and Nomura where he managed flow equity derivatives, Delta1, cash trading and quantitative prop trading.
Andres Choussy joins NEX Optimisation from JP Morgan where he headed the derivatives and clearing business for the Americas. At NEX, Choussy will head up a new Trade and Portfolio Management solutions pillar for NEX, which is powered by its post-trade businesses. He also served as global co-head of OTC clearing, global head of FX prime brokerage and head of credit derivatives clearing in the Americas at JP Morgan. [IMGCAP(2)]
The C rex Group announced Kevin Cudahy has joined its ranks as Managing Director. He will focus on business development at this New York, NY-based institutional foreign exchange execution services and data analytics company. A twenty five year FX markets veteran, Cudahy spent the last four years at Bloomberg Tradebook, where he most recently was Head of FX Sales North America. He began his career at NatWest and held sales and trading roles at Republic Bank, Westdeutsche Landesbank and Credit Suisse.
SimCorp, a provider of investment management solutions and services for the global financial services industry, said it appointed Oliver Johnson as Managing Director, Asia Pacific. Johnson brings with him more than 12 years of financial services and software industry experience, all of which were at eFront Singapore, where he was responsible for managing operations across APAC. He will be responsible for overseeing all management, operations, sales and distribution. Johnson will be based in Singapore, and reports to Jochen M ller, SimCorp’s Executive Vice-President, EMEA and Asia Pacific.
The European chief operating officer at KCG, Neil Axelrod, has departed after two years in the role, a spokesperson confirmed. Axelrod, who joined KCG in 2015 and replaced Phil Gough, has held several senior positions at institutions such as Morgan Stanley, where she was an executive director of the electronic trading business, and at JP Morgan within the transition management group.
Bolsa De Madrid appointed Marta Bartolome Yllera as is new CFO. Yllera is also a Board Director of BME Clearing and a member of its Audit Committee.
Symbiont announced that Alysson Bessani, the co-creator of the Byzantine fault-tolerant consensus protocol BFT-SMaRt, has joined the company’s advisory board. The company also recently appointed Zhong Shao, a prominent Yale computer scientist and expert in formal verification, who is credited with developing the first-ever hacker-resistant operating system supporting concurrent computing.
John Gallo, Deutsche Bank’s US fixed income sales chief, is leaving the bank after just 20 months in the role, according to people with knowledge of the situation. Gallo, a former senior Lehman Brothers executive, joined Deutsche Bank in September 2015 as head of the institutional client group debt Americas. He replaced Lou Jaffe, who left after a 20-year career.
Legal & General’s former global head of trading, Stephen Grady, has joined Liquidnet as a non-executive director in Europe. Grady, who is currently the head of market structure and strategy at FinTech firm Ipreo, has over 20 years of trading experience.
The International Swaps and Derivatives Association (ISDA) has reported that it has appointed Ulrich Karl as Head of Clearing Services, a newly created role. Karl comes from HSBC, where he served as Director, CCP, Global Markets. In that role, he acted as the industry Chair of ISDA’s Clearing, Risk and Capital Working Group. Prior to this, he was Director, Regulatory Change from 2011 to 2013, and Senior Manager, Wholesale & Market Risk from 2009 to 2011. He joined HSBC in 2006, having previously worked at the London branch of Landesbank Hessen Th ringen from 1999 to 2006. He joined Landesbank Hessen Th ringen in Frankfurt in 1993. He reports to Mark Gheerbrant, ISDA’s Head of Risk and Capital.
Industries leading this year’s D&I Index Top 100 are banking, investment services & insurance.
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STA's Jim Toes writes about miracles of all kinds on September 11 2001.