Market maker Virtu Financial has appointed John D. Nixon, the former group executive director for Americas at interdealer broker ICAP (US), to its board of directors effective immediately, officials say. Nixon recently announced that he will retire from the ICAP board of directors March 31 of this year, a position he held since May 2008…. Read More >>
Startup OpenFin Fills Key Posts
OpenFin, a startup provider of HTML5 runtime technology for financial services firms, recently announced the hiring of Jen Collet as chief operating officer (COO) Europe; Steve Greenblatt as vice president of North American sales; and the appointments of Paul Humphrey and Aron Miodwonik as strategic advisors. Collet was COO of post-trade risk at interdealer broker… Read More >>
Former Disney VP Joins Vestmark as CFO
Advisory solutions and wealth management IT vendor Vestmark has hired Tiffany Freitas as its new chief financial officer (CFO), officials say. In her new role, Freitas will oversee the financial planning, corporate development, accounting, and investor relations groups, reporting to the CEO, officials say. The moves comes as Vestmark is on a “tremendous growth trajectory… Read More >>
UnaVista Hires from Axiom SL
UnaVista, the London Stock Exchange Group’s matching, reconciliation and regulatory reporting platform, reports that Robert Grant has joined as head of business development, software for Americas. Grant has 25 years of industry experience and most recently served as senior vice president of sales at Axiom Software Laboratories, “where he also led marketing and business development… Read More >>
BNP Paribas Names Deputy COO
Thierry Laborde has been appointed deputy chief operating officer (COO) of BNP Paribas, in charge of domestic markets, officials say. Laborde succeeds François Villeroy de Galhau at the Paris, France-based bank and financial services company, “who has been entrusted by the French prime minister with an assignment on investment in France and in Europe,” according… Read More >>
Exchange for Carbon Trading Launches in U.S.
Is carbon trading making a comeback? Officials at the Carbon Trade Exchange (CTX), an electronic spot trading exchange for global carbon credits, hope so. CTX has just launched a platform to buy and sell allowances from the Regional Greenhouse Gas Initiative (RGGI), officials say. RGGI is the first mandatory cap-and-trade program in the United States… Read More >>
Swaps Reporting May Ease for Some
The CFTC has approved for public comment a proposed rulemaking that could ease swaps reporting requirements for some counterparties, officials say. The proposed rule would reduce reporting and record-keeping requirements for “trade option counterparties that are neither swap dealers nor major swap participants (Non-SD/MSPs), including commercial end-users that transact in trade options in connection with… Read More >>
Ex-CIBC COO Becomes GRI President & CEO
The Toronto-based Global Risk Institute in Financial Services (GRI) has a new president and CEO Richard Nesbitt as of today, an appointment that follows Dr. Michel Maila’s decision to retire from those positions after three years’ service, officials say. Until September of last year, Nesbitt was chief operating officer at Canadian bank CIBC until he… Read More >>
Bernanke Named Pimco Senior Advisor
The Pacific Investment Management Co., the investment management firm also known as Pimco, reports that Ben Bernanke, former chairman of the Federal Reserve, will serve as a senior advisor to the firm. It’s the second reported consulting arrangement in recent days for the man who led the Fed through the Great Recession. Bernanke also signed… Read More >>
EU’s T+2 Move Exposes LEI, Regulatory Challenges
Most industry observers say the initial move to a shorter, trade date plus two business days (T+2) settlement cycle went smoothly in Europe last year and a recent survey by post-trade systems and services provider Omgeo mostly confirms this assessment. However, the report also finds that more progress is needed for the wider usage of… Read More >>
