Trading Places: Executive Moves of The Week

The past week was highlighted by several key moves across the FX and financial industry, with a number of exchanges, ECNs, and lenders shuffling their respective personnel groups. The string of hires at companies has not abated heading into H2 2016, as many familiar faces find themselves in new roles.

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Monday, April 18

Soren Klausen, FastMatch

FastMatch brought in a second key sales veteran in as many weeks, this time appointing Soren Klausen as a Director of Sales in Europe. Mr. Klausen joined FastMatch with immediate effect, aiming to strengthen the group’s London operations with his presence. In his new role as a director of sales in Europe, he will be reporting directly to Paul Ainsworth, the group’s Global Head of Sales.

Giorgio Modica, Euronext

Early last week, Euronext appointed Giorgio Modica as its newest Chief Financial Officer (CFO). He will step into the role on May 2, 2016 following the departure of Amaury Dauge, who announced that he was parting ways with the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term to pursue other projects.

Tuesday, April 19

Jonathan Watras, Bats

Jonathan Watras joined Bats' New York operations as its newest FX specialist last week, coming over from Currenex. In his new role as a Director of FX Sales at Bats, Mr. Watras will be based out of the group’s New York office. He joins the group after more than a decade in the FX space, having worked at a number of leading venues in the industry.

Pamela Root and Peter Hazlewood, Deutsche Bank

Last week, Deutsche Bank unveiled a revamped compliance team that saw the appointment of Pamela Root and Peter Hazlewood. Ms. Root will join Deutsche Bank as its Global Head of Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term with Mr. Hazlewood assuming the role of Group Chief Compliance Officer. Both individuals are expected to step into their new respective roles on June 6, and July 6, 2016.

Frank Drouet, Societe Generale

Societe Generale last week tendered the appointment of Frank Drouet as its Head of Global Markets, replacing Daniel Fields, who left the group after 27 years with the firm. Mr. Fields left to pursue other opportunities, and Mr. Drouet’s appointment follows after his demonstrated success as Head of Global Markets in Asia Pacific for Societe Generale since 2012,

Thursday, April 21

Henrik Aslaksen, Credit Suisse

Deutsche Bank veteran, Henrik Aslaksen, joined Credit Suisse as its newest Head of Strategic Client Coverage for its investment bank and capital markets division (IBCM) across the Europe, Middle East, and Africa (EMEA) region. Mr. Aslaksen lands at Credit Suisse after nearly thirteen years at Deutsche Bank, having worked in multiple senior level roles at the lender.

Friday April 22

Daniel Marovitz, Earthport

Daniel Marovitz, Earthport’s President of Europe, is being promoted to COO, following the announced departure of Chris Cowlard, who is slated to leave the company in June, paving the way for the succession.

Tom Binks and Michael Berkeley, ICAP

ICAP Securities & Derivatives Exchange (ISDX) strengthened its executive board last week after adding Tom Binks and Michael Berkeley. In particular, Mr. Binks will act as an independent non-executive chairman, replacing Richard Dellabarca. Mr. Berkeley is being admitted to ISDX’s Board as an independent non-executive director as well, succeeding the role vacated by Nick Moore.

Jon Lambert, Options Technology

Options Technology landed a new Chief Financial Officer (CFO), tapping Jon Lambert for the role Friday. In his new role as the CFO at Options, Mr. Lambert will help lead the group’s strategic finance function and global financial operations, which will include the oversight of Options’ regional finance teams in across Europe, the US, and Asia.