Top 10 Popular Moves Within Markets - April 2023
The Markets sector experienced several highly notable people moves in April 2023 across its diverse sub-sectors, including Equities, Fixed Income & Credit, Foreign Exchange, Electronic Execution, Prime Services & Brokers, and Commodities. These moves involved influential individuals who hold key positions within the industry. In this article, we will delve into the top ten popular people moves within the Markets sector for April 2023, highlighting the significance of these moves and their potential impact on the sector. Whether you are a trader, investor, or simply interested in the financial markets, this article will provide valuable insights into the latest people moves and trends within the Markets sector, keeping you informed about the key players shaping the industry.
1. Citigroup's Head of MENA and UAE Country Officer Departs, Signaling Leadership Change
Elissar Farah Antonios, who led Citigroup's operations in the Middle East and managed client relationships in the region, has left the bank. This departure represents a significant shift in leadership and may have implications for Citigroup's operations in MENA and the UAE. The reasons for Antonios' departure remain unknown, but the bank is expected to swiftly fill the position to ensure operational continuity... (Read More)
2. RBC Capital Markets Appoints Charles Liber as Head of Equity Derivatives Sales for Continental Europe
RBC Capital Markets has selected Charles Liber as the new head of equity derivatives flow sales for Continental Europe, with his base in Paris. Liber joins RBC after completing a non-compete period and brings with him extensive experience in derivatives sales, having worked at Optiver and Deutsche Bank in previous roles. His appointment underscores RBC's commitment to strengthening its presence in the equity derivatives market in Europe... (Read More)
3. Channel Capital Cayman Expands Team with Appointment of Martin Laufer as Fund Director
Channel Capital Cayman, a part of the Channel Capital Group, has announced the addition of Martin Laufer as Fund Director to its Cayman Islands team. The company specializes in providing top-notch governance services to investment funds located in offshore financial centers. With the expertise of its team, Channel Capital Cayman aims to ensure compliance with regulatory requirements by offering a trusted and personalized independent director service... (Read More)
4. Jose Placido Appointed CEO of BNP Paribas USA, Jean-Yves Fillion Named Vice Chairman
BNP Paribas has named Jose Placido as the new CEO of its U.S. operations, effective April 1. Placido will take on the role of CEO of BNP Paribas USA while continuing as the executive chief of CIB Americas. In addition, Jean-Yves Fillion, who previously served as CEO of BNP Paribas USA, has been appointed as the vice chairman of the BNP Paribas USA Board of Directors. These appointments signify important leadership changes within the bank's U.S. operations... (Read More)
5. Wedbush Securities Appoints Matt Lisle as Chief Compliance Officer for Futures Division
Wedbush Securities, a prominent independent financial services provider, has announced the appointment of Matt Lisle as its new Chief Compliance Officer for the Futures division. In this role, Lisle will be based in Chicago and will report to Andrew Druch, General Counsel of Wedbush Securities Inc. He will work closely with the management team of the FICCS division, led by Bob Fitzsimmons. The addition of Lisle to the team highlights Wedbush Securities' commitment to strong compliance practices and further enhances its capabilities in the futures market... (Read More)
6. Citigroup's Global Head of Foreign Exchange, Stuart Staley, Departs; Interim Head to be Named
Stuart Staley, the global head of foreign exchange at Citigroup, is leaving the bank after more than 20 years of service. An internal memo revealed that an interim head will be appointed in the coming weeks. Staley joined Citigroup in 2004 and held various leadership positions throughout his tenure. His departure marks a significant change in leadership for Citigroup's foreign exchange division, and a selection panel will be formed to select his replacement... (Read More)
7. SMBC Capital Markets Appoints Gareth Hughes as Head of Trading
SMBC Capital Markets, a member of SMBC Group, has named Gareth Hughes as its new Head of Trading based in New York. In his new role, Hughes will lead SMBC’s derivatives and macro rates trading business, with a focus on improving the firm's trading capabilities and aligning with the credit sales and trading team to enhance value to clients in the primary markets... (Read More)
8. Wedbush Securities Expands into FX Prime Brokerage, Appoints Michael Stone as Senior Vice President
Wedbush Securities, a leading independent financial services provider, is entering the FX Prime Brokerage space with the appointment of industry veteran Michael Stone as Senior Vice President. The firm will offer FX Prime Brokerage services starting in May 2023, expanding its multi-asset clearing capabilities. This move is part of Wedbush's newly named FICCS Division, led by EVP Bob Fitzsimmons. Stone brings three decades of experience from ABN AMRO Bank and Prudential Bache, enhancing Wedbush's offering in this area... (Read More)
9. Velocity Clearing Appoints Ralston Roberts as Head of Global Markets
Velocity Clearing, has named Ralston Roberts as the Head of Global Markets. In this role, Roberts will oversee the firm's trading business and drive its global expansion strategy. With his extensive experience leading financial and technology businesses, including his previous role as Global CEO of Instinet and co-head of EMEA Execution Services at Goldman Sachs, Roberts brings valuable expertise to accelerate Velocity Clearing's growth and enhance its market presence... (Read More)
10. Citi's Head of North American Credit Sales, Chris Totman, Reportedly Joining Bank of America
Chris Totman, the head of North American credit sales at Citigroup, is said to be leaving the bank to join Bank of America. Totman's departure represents a significant loss for Citigroup, while Bank of America gains an experienced credit sales professional. The move comes at a time when Bank of America is seeking new talent in credit sales after the departure of key executives. With credit conditions tightening and opportunities increasing for credit traders, Totman's expertise could prove valuable for Bank of America's trading operations... (Read More)
