In other People Moves, the U.S. Treasury has a new FinCEN director, Torstone Technology appoints a marketing head and CFTC Commissioner Quintenz picks a special counsel.
New Deutsche Börse CEO to Serve for Three Years
The next CEO for the Deutsche Börse will be Theodor Weimer from UniCredit Bank who will serve for three years, starting Jan. 1, 2018, according to the supervisory board of the exchanges and clearing company.
The 57-year-old Weimer “will take over from CEO Carsten Kengeter who leaves the company at the end of 2017,” officials say.
Weimer is the current spokesman of the management board of HypoVereinsbank, now known as UniCredit Bank, officials say. He has held the post since 2009. “In this function, Weimer also belongs to the Executive Management Committee of the UniCredit Group,” officials add.
Weimer’s background includes posts with management consultants McKinsey and Bain, and managing director and investment banking partner positions with Goldman Sachs. In 2007, Weimer joined the UniCredit Group as head of global investment banking in Munich, officials add.
The board also extended by a year the management contracts of Andreas Preuss and Jeffrey Tessler. Preuss is deputy CEO and responsible for IT, operations, the data business and the subsidiaries EEX and 360T, officials say. Tessler oversees clients, products and core markets via Eurex and Clearstream, “the two business segments with the highest revenues within the Group,” officials say.
U.S. Treasury Names FinCEN Director
The U.S. Department of the Treasury reports that Kenneth A. Blanco has been named director of the Financial Crimes Enforcement Network (FinCEN), a bureau in Treasury’s Office of Terrorism and Financial Intelligence (TFI).
“Ken Blanco is an important addition at Treasury, and will focus on combating money laundering and illicit threats by those who seek to abuse our financial system,” Treasury Secretary Steven Mnuchin says in a statement that also highlights Blanco’s “extensive background in law enforcement.
Blanco joins Treasury after serving as the acting assistant attorney general of the criminal division at the U.S. Department of Justice. “He was appointed to the position of Deputy Assistant Attorney General, Criminal Division in April 2008,” according to Treasury’s statement. “During his tenure with the Criminal Division, Mr. Blanco has overseen a number of its sections, including the Money Laundering and Asset Recovery Section (formerly the Asset Forfeiture and Money Laundering Section), the Narcotic and Dangerous Drug Section, the Organized Crime and Gang Section, and the Child Exploitation Section.”
He joined the DoJ “almost two decades ago as an Assistant United States Attorney in the Southern District of Florida,” the statement notes.
Subsequently, Blanco “served as the Deputy Chief of Narcotics/Chief of the High Intensity Drug Trafficking Area, Acting Chief of Narcotics, and Deputy Chief of the Major Crimes Section in that Office. Mr. Blanco has also served as General Counsel to the 94 United States Attorney’s Offices and the Executive Office of United States Attorneys and as Chief of the Criminal Division’s Narcotic and Dangerous Drug Section.”
Blanco began his legal career at the Miami-Dade State Attorney’s office, according to the statement, with tours in “various sections,” including the organized crime, public corruption and major narcotics sections.
Torstone Technology Appoints Marketing Head
Torstone Technology, a provider of post-trade securities and derivatives processing, reports the appointment of Payal Raina to the newly created position of global head of marketing.
Raina will oversee marketing and branding initiatives as well as internal and external communications, according to a statement.
Formerly, Raina headed marketing for the EMEA and Americas region at eNett, which characterizes itself as a “global provider of specialist payment solutions for the travel industry.”
At eNett, Raina was “responsible for growing new business and driving strategic marketing plans across these regions,” according to the Torstone statement, which also notes that Payal’s marketing career began with Microsoft in Canada.
New Special Counsel Announced for CFTC Commissioner
CFTC Commissioner Brian Quintenz reports that Margo Bailey will be his special counsel.
Formerly, she was counsel at the Office of the Comptroller of the Currency (OCC), where she “reviewed the derivatives activities of national banks and supported the OCC’s Fintech initiative. Before the OCC, Bailey was Special Counsel for CFTC’s Division of Swap Dealer and Intermediary Oversight.”
Before joining the CFTC, Bailey was an associate at Cadwalader, Wickersham & Taft, and “advised clients on the implementation of the Dodd-Frank Act, including cross-border implications, entity classification analysis, trade execution requirements, risk management issues, and reporting and recordkeeping processes.”