05.18.2020

TRADING UP: Arora to Lead Citi ICG Initiative

05.18.2020

Sandeep Arora, Citi

Things are afoot at Citi in its electronic platforms. Sandeep Arora has been asked to lead a project across the Institutional Clients Group – focusing on developing a unified approach to delivering and building the best client digital experiences, across all product lines and all channels, with a priority focus on corporate clients. The investment, the broker said, reflects its commitment to strengthening client digital experiences and electronic offerings.

“I am truly excited, and look forward to meaningfully enhance our clients’ digital experiences,” Arora said in an emailed statement to Traders Magazine.

According to Paco Ybarra, the project will include developing an end-to-end strategy and execution for ICG electronic platforms, including content, analytics, transactions and post-transaction services. In this capacity, Arora will establish and chair a senior steering committee. The heads of electronic platforms for each business will sit on this committee, along with Emily Turner, Head of ICG Innovation and Business Development, to ensure we have a cross-ICG strategy and look at our efforts from a client perspective for corporates, investors and individuals.

For the purposes of the project, Arora will report directly to Ybarra. He will also continue to manage the M&SS FinTech investment portfolio.

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Bill Karsh, CoinSquares Securities

Schroders landed Hugo Squire, who joins as Credit Fund Manager, to its fixed income team to further strengthen its high yield capabilities. Squire joined from Muzinich & co, where he was a Credit Portfolio Manager specializing in high yield strategies having joined the investment firm in 2013. Prior to this he has held roles at Sociétié Générale and Macquarie and has over ten years’ industry experience. He will be based in London and report into Julien Houdain, Deputy Head of Credit for Europe.

Bill Karsh was named Chief Executive Officer and President of Coinsquare Securities. He was already CEO and President of parent Coinsquare since last July. Prior to that he was vice President of OTC Markets Group where he was charged with Sales and Corporate Services. Before that he was a Special Advisor at the National Stock Exchange and earlier in his career was Chief Operating Officer at Direct Edge Exchange and Chief Executive Officer of Direct Edge ECN and Managing Director of Knight Trading Group.

BNP Paribas is bolstering its Latin America commitment with the appointment of Florence Pourchet as Head of CIB Latin America. In this new role, she will help drive BNP Paribas’ Latin America strategy, as well as provide oversight and support to the various countries in the region where the bank has a presence. Pourchet has been with the bank since 1990, having held a variety of banking and credit roles across France, Germany and the US, and was most recently appointed Head of CIB Hispanic Latam in 2019, in addition to Head of Credit and Portfolio Management and Head of CSR for the Americas.

“It is my privilege to assume this role for the bank at this important time,” Pourchet said. “Latin America is an essential part of the Americas strategy, and I look forward to working with each market and business line to develop solutions and opportunities for our clients both locally in the region, and beyond.”

She will retain her responsibilities as Head of CSR for the Americas, advising Herve Duteil, BNP Paribas Americas Chief Sustainability Officer, as the bank continues to build out its leadership position in Sustainable Finance.

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  1. Enrico Bruni will assume an expanded role and Troy Dixon will join from Hollis Park Partners.

  2. Eric Litvack stepped down after 10 years in the role.

  3. She was head of the markets group at the Federal Reserve Bank of New York.

  4. He is chair of the subcommittee on digital assets, financial technology and inclusion.

  5. Michael Sonnenshein will be chief operating officer.