Last week was a busy one in terms of personnel shifts in the finance industry.
Vis Raghavan was appointed Chief Executive Officer of the Europe, Middle East and Africa (EMEA) division of JPMorgan, according to a Reuters report.
Raghavan joined JPMorgan from Lehmann Brothers in 2000 and has since held a variety of positions at the firm, most recently as deputy CEO of the same division.
Mikhail Brovman was appointed Global Head of Technology, Financial Markets at Standard Chartered.
Brovman is a finance veteran – he has held senior positions at a variety of financial institutions, including UBS, Morgan Stanley, Barclays Capital and Deutsche Bank.
Cantor Fitzgerald on-boarded Jon Yalmokas as its newest Global Head of Prime Brokerage.
Anshu Jain, President of Cantor Fitzgerald, commented: “I am pleased to welcome Jon to Cantor Fitzgerald. Throughout his career, Jon has developed a successful track record of growing some of Wall Street’s most respected Prime Brokerage businesses, making him a valuable asset to the Firm.”
Former GCM Prime executive Adam Toro is joining Amana Capital’s FCA-authorised UK division, as the firm pushes to expand its operations.
The company has been focusing on expanding its services over the past couple of years. It has acquired one of the most lucrative licenses in the industry, from the Dubai Financial Services Authority (DFSA), and established a presence in the Dubai International Financial Centre.
Roger Hambury, the Executive Director at ACM Group PLC (Alpha), which was recently acquired by TradeTech Group, was promoted to serve as director of Playtech’s newly-rebranded Financial Services division.
Earlier in August, Finance Magnates interviewed senior executives on both sides of the latest Playtech deal – TradeTech CEO Ron Hoffman and Alpha CEO Muhammad Rasoul.
Financial analyst Marshall Gittler announced that his new co-founded forex portal ACLS Global is now live. Mr. Gittler will work at the startup as its Chief Market Strategist and Head of Education.
Marshall Gittler explained the business model of his new initiative: “Signals offer a unique value proposition: we only charge for winning signals. Instead of a monthly fee, you deposit money with us. We track each of our signals until the trade is closed. If the trade makes money, we deduct a small amount from your deposit. If it doesn’t, we don’t deduct anything. We are the only signal provider in the business with a win-win proposition.”
Malik Khan and Daniel Alvarez
TradeTech Alpha expanded its business development team with the appointments of Malik Khan and Daniel Alvarez, who joined after previously working at XTB in London.
Mr Khan had been with the XTB X Open Hub unit since 2011. He also worked as a senior broker at E*TRADE Financial in London for over three years.
ATFX Institutional Business Continues to Expand: Adding a New Prime BrokerGo to article >>
Daniel Alvarez was Senior Institutional Sales Officer at XTB and managed XTB’s South American branches for almost two years. With experience of Spain and Italy from his time at Thomson Reuters too, he is another valuable hire for TradeTech.
British bank Barclays promoted Reid Marsh to head its banking activities for Europe, the Middle East and Asia-Pacific. He will be responsible for supporting key banking clients in the EMEA region.
Mr. Marsh began his career at Barclays in 2010 as the chairman of the bank’s global industrial group. He joined the bank from Citigroup, where he was Co-Head of Global Industrials. Prior to that, he worked at Salomon Smith Barney, Kidder and Peabody in various roles.
GAIN Capital (NYSE:GCAP) announced that Joseph Schenk has taken on the role of chairman of the company’s board following the resignation of Peter Quick on the 27th of September.
Mr. Schenk has been on the board of GAIN Capital since April 2008. Presently he is Managing Director at Westaim Corp, a Toronto-based investment firm. Prior to joining the company, Mr. Schenk worked with the Carlyle Group as a senior adviser, beginning in 2012.
Ben Griffiths was hired as Managing Director and Global Head of Fund Financing at MUFG Investor Services.
Mr. Griffiths commented: “I am delighted to join MUFG Investor Services’ Fund Financing practice and be part of a team that consistently delivers high-quality solutions to an impressive list of alternative investment management clients.”
Greg Treacy was hired as Head of International Electronic Sales at Instinet LLC, the US equity execution services arm of global financial juggernaut Nomura Group.
Commenting on his appointment, Mark Govoni, President of Instinet, said: “We are very pleased to welcome Greg to Instinet. He brings over eighteen years of trading, sales and global markets expertise, which will serve to add value and insights to the work he’ll be doing with our clients who trade internationally.”
Industry veteran Andreas Lazarou is leaving ADS Securities after almost 5 years with the firm. He was made Director of Marketing in 2013, and then promoted to Chief Marketing Officer in April this year.
The company is at present looking for a new person to fill the position. The rest of the marketing team of the company will remain unchanged.
Earlier this month Finance Magnates reported that another senior officer at ADS Securities, Chief Operating Officer Marco Baggioli, will be leaving the company shortly.
Mercury Capital Advisors hired industry veteran Donal Mastrangelo as Executive Director and Head of US iFunds Distribution. The veteran joined the asset manager with immediate effect.
Mr. Mastrangelo commented on the new role: “I look forward to leading the distribution team and growing the adoption of the iFunds platform. As an innovative digital solution, iFunds is well-positioned to disrupt the wealth management industry and to simplify access to leading edge investment opportunities.”