12.04.2017

TRADING UP: Selman to Deutsche; JPM Adds Rossi

12.04.2017

Deutsche Bank has named Peter Selman as its new head of global equities –  taking over from Tom Patrick, according to people familiar with the matter. Selman retired from Goldman Sachs in September 2016 after more than two decades with the firm, most recently serving as co-head of global equities trading and execution services. Patrick is a former Bank of America Merrill Lynch derivatives specialist who has run global equities at Deutsche since late 2015. In relinquishing the global equities role, Patrick will focus on the responsibilities he took on in August as head of the Americas business.

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

Peter Selman, Deutsche Bank

Cowen announced that, pursuant to the Company’s established succession plan, its Board of Directors appointed Jeffrey Solomon as the Company’s next Chief Executive Officer, effective December 27, 2017.  Solomon is currently Cowen’s President. Peter Cohen, Chairman and Chief Executive Officer of Cowen since 2009 and founder of its predecessor firm, Ramius Capital, will remain the Company’s Chairman.

Tradesignal announced that Hammaad Uteem has joined the company as a Senior Sales Manager. He is based in the London office and is responsible for developing global accounts. Prior to joining Tradesignal, he spent several years as Senior Sales Manager at the London-based financial software company Updata, where he started his career in 2001. He has accumulated over 10 years of experience at Updata and successfully supported numerous large corporate accounts across EMEA & APAC regions like Credit Suisse, EDF, ENGIE Global Markets, JP Morgan and Merrill Lynch.

Richard Kiel, Kx

Kx, a division of First Derivatives plc, has added Richard Kiel as its new Global Head of Forex Solutions. Kiel will be responsible for growing Kx’s Forex Platforms business including Trading, Aggregation, Price Distribution, Smart Order Routing, and Pre- and Post- Trade Data Analytics and Reporting. He joins from UBS Asset Management where he was Head of Global Risk Solutions, responsible for Risk Advisory while overseeing the firm’s proprietary multi-asset Global Risk System including fundamental research and model construction, product development, client service and operations. Prior to UBS, he was Global Head of Post Trade Services at Thomson Reuters where he was a Director of Reuters Transaction Services Ltd.  Kiel also has over 10 years sell-side experience primarily focused on real-time data and analytics at JPMorgan, Salomon Brothers and Merrill Lynch. He will  report to Pat Brazel, Kx Chief Commercial Officer.

Harvey Twomey joined BNY Mellon Markets Group as its head of sales for Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). Twomey, who was previously Deutsche Bank’s managing director and global head of sales, listed derivatives and markets clearing, left that position in August. The move reunites Twomey with Neal, BNY Mellon Markets Group’s president who assumed that post in late 2015 after leaving her former role as Deutsche’s global head of listed derivatives.

J.P. Morgan has made a big appointment to its equities electronic execution team, hiring Karen Rossi as a managing director from Goldman Sachs. Rossi has joined J.P. Morgan’s Corporate and Investment Bank (CIB) Technology division and will be based in the London office. She comes with decades of experience: she spent ten years at Morgan Stanley, followed by ten years at Goldman Sachs, where she was promoted to MD in November 2015.

Citi named Brian Ovaert managing director and global head of securities services and issuer services operations. Ovaert previously worked at Northern Trust Corp, where he was an executive vice president and head of enterprise operations across asset servicing, asset management and banking. He will be based in New York and report jointly to Stuart Riley, global head of markets and securities services operations and technology, and Okan Pekin, global head of prime, futures and securities services.

Philip Dawes, BNP

Allianz Global Investors’ head of UK institutional has left the firm after 16 years to join BNP Paribas Asset Management in a similar role. Philip Dawes has been appointed as head of institutional sales for the UK and Ireland for BNP. In the newly created role, Dawes will oversee BNP Paribas Asset Management’s institutional clients and the development of the firm’s product strategy in the UK. He worked at Allianz Global Investors for 16 years where he was responsible for sales, marketing and client servicing of UK- based institutional clients in various positions. He reports to Charles Janssen, head of institutional sales for Europe.

Technology firm Exegy has hired Karl Dundon as a global FX Product Manager. In this role, Dundon is responsible for leading the ideation, technical development, and launch of new Exegy real-time data products and services for electronic currency trading. He brings over twenty years of experience as an FX trader and innovator of leading FX trading platforms. Dundon comes to Exegy after diverse positions in sales and product development at Bloomberg, Citigroup, and Lava Trading. He will report directly to chief technology officer David Taylor.

Imraan Moola, Citigroup’s former head of equity derivatives in London, has joined a Dubai-based asset manager that uses algorithms to copy the brain of its founder and chief investment officer, Muhammed Yesilhark – who was head of equities at fund manager Carmignac and a long-time portfolio manager at Steve Cohen’s old hedge fund, SAC Capital Advisors.

Euroclear announced, subject to regulatory approval, the appointment of Yves Dupuy as its  new Chief Information Officer. Dupuy joins Euroclear from Societe Generale where he most recently was the Chief Information Officer, Global Banking and Investor Solutions for the EMEA region. He will be based in Brussels and will join the Euroclear Group Executive Committee, reporting to Lieve Mostrey, Chief Executive Officer of the Euroclear group.

Steve Hunt, the chief technology officer of Chicago-based trading firm Jump Trading, has left the firm, according to the company. Before joining the firm in 2007, Hunt was a vice president at Goldman Sachs. The firm is not looking for someone to replace Hunt, according to a person familiar with the situation. Samuel Tegel, the firm’s head of liquidity strategy, has also left, the company said.

Related articles

  1. John McCareins talks about his newly created role as head of international at NTAM which he took on in 2023.

  2. Robert van Brugge, former CEO of Bernstein Research Services, has been named CEO of Bernstein.

  3. The new building houses State Street’s recently established global cybersecurity centre of excellence.

  4. The $33.8bn bonus pool for 2023 closely matched the 2022 pool.

  5. She will succeed Edward M. “Ted” Maloney when he become the firm’s new CEO, effective 1 January 2025.