Trading Places: Citadel Gets New CEO, Institutional Space Sees Several Hires

Tuesday July 5

David Little, CloudMargin

CloudMargin, a financial technology firm, secured the services of industry veteran David Little as its newest non-executive director. Mr. Little landed at CloudMargin after garnering more than two decades of experience in the financial technology realm. The bulk of his career has been dedicated to securities finance, collateral management, and business development. He will lean on his lengthy experience in helping join CloudMargin’s board.

Wednesday, July 6

Rebecca Healey, Liquidnet

Liquidnet on-boarded Rebecca Healey as its newest Head of Market Structure and Strategy with immediate effect. She joins the company from the TABB Group. Ms. Healey heads to Liquidnet after a lengthy career in the European equities and fixed income markets. In this capacity, she will help foster and guide the group with regional research and insights, especially in the aftermath of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term referendum, which places the EU in unchartered waters.

Young-Jin Chang, CME Group

Last week, global derivatives marketplace CME Group appointed Young-Jin Chang as Global Head of Metals Products. Chang will be responsible for the strategic development, management and profitability of the global product suite, including both precious and industrial metals, and will report to Derek Sammann, Senior Managing Director, Global Head of Commodities & Options Products. Prior to her new role, Chang served as Executive Director, Industrial Metals Products for CME Group.

Thursday, July 7

Ahmet Arinc, Deutsche Bank

Deutsche Bank AG is primed for another shakeup in its foreign exchange (FX) unit, which has been the subject of myriad alterations over the past year. Its latest move will see the departure of its Head of FX and Emerging Markets (EM) debt trading, Ahmet Arinc. In his stead, the unit will be manned in the interim by David Wayne and Sean Bates, who each will continue their respective roles as Heads of Currency Trading and Head of EM debt trading – both individuals will continue reporting to Ram Nayak, the London-based Head of debt trading.

Kevin Turner, Citadel

Microsoft’s Chief Operating Officer (COO), Kevin Turner, is leaving his position at the end of July to join Citadel Securities (Citadel) as Chief Executive Officer and Vice Chairman, signifying a major executive move from IT to the finance industry. The new role for Mr. Turner with the firm will become effective after a short transition period from Microsoft.

Pierre Schroeder, TradingScreen

TradingScreen, an leading independent provider of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, underwent a key change amongst its leadership Thursday, installing Pierre Schroeder as its newest CEO. He takes over after serving on an interim basis since May 10, 2016. The move was instituted by TradingScreen’s board of directors.

Robert Allan, BNY Mellon

BNY Mellon made a key appointment in its regulatory unit last week, adding Robert Allan as its Head of Europe, Middle East, and Africa (EMEA) Compliance Surveillance with immediate effect. In his new role, Mr. Allan will be based out of London, where he will help steer the group’s regulatory focus. The position is his first outside the realm of CIBC World Markets, which he worked at for a period of nearly eighteen years, dating back to 1998.

Friday, July 8

Paul Mainwaring, IG Group Holdings

IG Group Holdings plc added Paul Mainwaring as its Chief Financial Officer (CFO) Designate. He will be replacing Mark Ward on July 11th, who is leaving the company as was originally planned. Before joining IG Group Holdings plc, Mr. Mainwaring was the CFO of Tullett Prebon. After the received of the regulatory approval for the new appointment, Mainwaring will take over the role on a permanent basis and will take up a seat on the Board of Directors of IG Group Holdings.

Claire Milne, Playtech

Playtech PLC (LSE:PTEC) appointed a new board member Friday – the gaming company’s newest addition was Claire Milne who joins the list of independent non-­executive directors. She will also join a number of committees which are relevant to there expertise - the Remuneration Committee, the Risk & Compliance Committee, the Audit Committee, and the Nominations Committee.