Top 10 Popular People Moves In The Markets Sector: July 2023

Welcome to the latest edition of TALNT.shs "Top Ten Popular People Moves" for the month of July 2023, where we delve into the dynamic landscape of the Markets sector. This months spotlight is on the individuals driving change and innovation across various sub-sectors, including Equities, Fixed Income & Credit, Foreign Exchange, Electronic Execution, Prime Services & Brokers, and Commodities. As the financial world continues to evolve, these notable personnel changes shed light on the trends and transformations shaping the industry. Join us as we explore the key appointments and transitions that have captured attention and set the pace for the ever-changing Markets sector..

1. Citigroup Appoints Tiina Lee as UK CEO; Bardrick Steps Down

Citigroup has chosen Tiina Lee, former CEO of UK & Ireland at Deutsche Bank, as the new UK CEO, succeeding James Bardrick. Lees extensive career at Deutsche Bank includes leadership roles in EMTNs, Global Credit Derivatives, and Financial Institutions. She also excelled at Lehman Brothers before her tenure, showcasing her expertise in trading..

2. Financial Pro Heinz Wenzel Transitions to Executive Director Role

Experienced finance expert Heinz Wenzel has shifted his career from a successful tenure at Morgan Stanley to an enticing opportunity at Natixis, the French boutique. After six years at Morgan Stanley, where he climbed to the position of Vice President, Wenzel will now serve as Executive Director at Natixis. This move, motivated by a promotion and a new challenge, sees Wenzel continuing to reside in Frankfurt, the base for his previous and upcoming roles.

3. VP of Fixed Income at RBC Departs: Career Highlights

Adam Russell, formerly Vice President of Fixed Income, Currencies, and Commodities at RBC Capital Markets, has left RBC after a tenure since 2012. With a diverse background in finance and technology, he held roles in Corporate FX Sales, Global Markets Program, and more. Three new hires, including Alex Ulrich and Eugen Eichwald, bolster the European debt capital markets team.

4. Citigroups Head of Markets for Asia Pacific Resigns

Julia Raiskin, Head of Markets for Asia Pacific at Citigroup Inc., has resigned to pursue opportunities outside of banking. Responsible for product strategies and regulatory relationships, Raiskins notable tenure included driving record-breaking equities revenues prior to her current role, which she took on in March 2022.

5. CaixaBank Appoints Juan Carlos Recoder as Head of Sales Trading

CaixaBank, a prominent Spanish financial institution, has named Juan Carlos Recoder as their new Head of Sales Trading. Juan brings substantial experience from roles such as Executive Director at JPMorgan and Equity Sales professional at BBVA. His expertise positions him to lead CaixaBanks sales strategies effectively and drive growth in the field.

6. Citadel Securities Appoints Tang Xiaodong to Lead China Expansion

Citadel Securities, the brokerage arm of Ken Griffins hedge fund, has hired Tang Xiaodong, former BlackRock China head, to drive its China expansion. Amid market-friendly measures in Beijing and renewed interest from foreign investors in the $10.3 trillion Chinese stock market, Tangs expertise in client relations and regulatory matters is pivotal. The move aligns with Chinas evolving IPO system and Citadels qualified foreign institutional investor license acquisition.

7. ZEDRA Appoints Mark McKeary as Commercial Director for Global Fund Solutions Team

ZEDRA, the rapidly growing global specialist in Fund Solutions and Corporate services, announces the addition of Mark McKeary as Commercial Director to bolster its Fund Solutions division. In this role, Mark will enhance ZEDRAs funds services business, fostering relationships with fund managers and advisors, while advising on fund establishment and administration. His expertise will aid in optimizing fund jurisdiction choices. ZEDRAs team, spanning various locations, offers comprehensive fund administration services to global clients. Marks extensive experience will amplify ZEDRAs European market presence, further strengthening its reputable standing.

8. Veteran Equities Desk Head Departs State Street After 12 Years

David Hunter, the experienced leader of State Streets institutional equities desk in Sydney, has left the position after 12 years. Known for managing trades for major funds and working on transition portfolios, his departure marks a shift in the equity sales and trading landscape. The Global Markets division, offering a range of securities services, sees changes as well. While Hunters next move remains undisclosed, his exit aligns with recent shifts in equity trading, including Credit Suisses star traders move to Barrenjoey and Jefferies strategic hires for its Australian equities business.

9. Wells Fargo Expands Team with Seasoned Financial Professionals

Wells Fargo, a prominent financial institution, bolsters its team by hiring Brian Harris and Emma Bramson from Credit Suisse. With 26 years of experience, Brian joins from GFI Securities, Citi Group Solomon Brother, and JPMorgan. Emma, a High Yield Sales VP at Credit Suisse, brings her expertise. Their addition reinforces Wells Fargos commitment to exceptional financial services.

10. Sandra Bur Departs Ocorian as Head of Capital Markets

Sandra Bur, with over a decade of financial services expertise, is leaving her position as Head of Capital Markets at Ocorian. Having previously worked at SANNE and holding roles like Associate Director, her extensive experience encompasses various facets of the industry. Her career journey also includes roles at Capita Fiduciary and Orangefield Luxembourg (now part of Vistra).

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