Trading Places: Leverate, Hotspot, Deutsche Bank and Barclaycard

Last week was filled to the brim with executive moves in the financial industry, as many key position holders found themselves joining new companies.

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Sunday, August 13

Itai Damti, Leverate

Itai Damti, Leverate co-founder and CEO of Asia Pacific, has joined Ion Pacific as a special advisor. The investment and merchant banking services firm is registered with the FCA of the United Kingdom and the SFC in Hong Kong.

Tuesday, August 15

Thomas Patrick, Deutsche Bank

Deutsche Bank has promoted its Global Head of Stock Trading Thomas Patrick to Chief Executive Officer of Americas. Mr. Patrick is to replace Chief of US Business Bill Woodley, who has been with the German central bank since 1998.

Wednesday, August 16

Sanjiv Vohra, Mitsubishi UFG

Sanjiv Vohra has been appointed as Mistubitsubishi Financial Group’s Co-Head of Global Corporate Banking in Asia and Oceania. The major Japanese lender’s strategic move is designed to better serve the company’s Asia-based clients.

Salomon Sredni, Chronwell

Salomon Sredni, one of Chronwell’s co-founders, has stepped into the role of president of the company. Mr. Sredni has more than 25 years of experience in the financial industry, having served in key positions at companies such as Monex Group’s TradeStation Group, where he acted as a senior advisor.

David Flacks, NZX

The only licensed Exchange in New Zealand has hired David Flacks as an independent chair of the Regulatory Governance Committee (RGC). Mr. Flacks will be replacing Derek Johnston and will step into his new role effective September 1, 2017.

Thursday, August 17

Patrick Strobel, Liquidnet

Liquidnet has hired Patrick Strobel as its new Head of Technology for Europe, the Middle East, and Africa. Mr. Strobel joins the company as a banking and IT veteran with 16 years of experience.

Barry Rodrigues, Barclaycard

Barclays announced that Barry Rodrigues will be joining its child company Barclaycard as its new Chief Executive Officer, effective November 2017. Mr. Rodrigues will also be taking a place on the Barclays International Executive Committee.

Friday, August 18

Mike Cahill, Hotspot

Mike Cahill has joined Hotspot, an institutional Forex platform owned and operated by Bats Global Markets. Mr. Cahill will become the director of the forex sales team, based in the United Kingdom. In his most recent role, he was in charge of KCG’s forex market-making business. In his new position, Mr. Cahill will be reporting to Ben Leit, who is Hotspot’s Head of European Forex Sales.

Ng Chee Hung Frederick, KVB Kunlun

Ng Chee Hung Frederick, who had acted as the Compliance Officer and Executive Director at KVB Kunlun Financial Group, has resigned from his role. Mr. Ng Chee Hung has announced his intention to leave the company after 11 years due to future personal engagements which will demand more of his time. His resignation will come into effect on November 17, 2017.

Chris Murray, JP Morgan

Machine learning expert Chris Murray joined JP Morgan in order to advance the bank’s artificial intelligence business. Mr. Murray has previously worked for Goldman Sachs, where he had served as an equity analyst.