People moves: new CRO at LCH, changes at Natixis investment bank, and more

David Horner has been appointed as the new chief risk officer (CRO) at LCH, taking over from Dennis McLaughlin. McLaughlin becomes group head of financial risk at the London Stock Exchange Group, majority owner of LCH. Kate Birchall has been named head of LCH sales. 

The appointments follow the hiring of Balbir Bakhshi from Deutsche Bank as LSEG’s new CRO. Bakhshi joined the group in January.  

Horner began in his new position on January 4. Based in London, he reports to Isabelle Girolami, chief executive of LCH Limited, the group’s London entity. 

Horner was previously head of risk for rates services at LCH. As part of that role, he oversaw LCH’s Libor transition efforts, developing new risk-free rate (RFR) products and completing the transition to RFR discounting. Horner’s former position will be filled by Susi de Verdelon, head of SwapClear and listed rates, on an interim basis until a replacement for Horner is found.

Birchall, the new head of LCH sales, will report jointly to Girolami and Christophe Hémon, chief executive of LCH SA, the group’s Paris entity. Relocating to London, she will supervise the sales teams for both LCH Limited and LCH SA. Prior to her new role, Birchall was responsible for LCH’s business in Asia-Pacific. Before joining LCH in 2018, she worked at National Australia Bank.

McLaughlin, the new head of financial risk at LSEG, took up his new role on January 4. Until then, he was CRO at LCH for eight years. McLaughlin is a member of the Market Risk Advisory Committee at the US Commodity Futures Trading Commission and the Committee for Economic and Markets’ Analysis at the European Securities and Markets Authority. 

Natixis has made a number of appointments in its corporate and investment banking division. 

Michael Haize has been named global head of global markets, reporting to Anne-Christine Champion and Mohamed Kallala, co-heads of corporate and investment banking. Haize’s previous role was global head of rates and currencies trading within the global markets unit. He joined Natixis in 2017 as global head of debt capital markets in corporate and investment banking. Prior to that, Haize was at Deutsche Bank for 15 years, most recently as head of capital markets and corporate banking in Paris.

Damien Cléris is now head of business development with corporates and the Groupe BCPE networks. Groupe BCPE is a French banking organisation that owns Natixis. Cléris reports to Alain Gallois, who has been named global head of coverage and head of Europe, Middle East and Africa, excluding France. Cléris was previously global co-head of coverage in corporate and investment banking at Natixis.

Arié Boleslawski has taken up the post of deputy head of global markets, in charge of equity derivatives, scarce resource management and derivatives valuation adjustments. He reports to Haize. Arié joined the Natixis investment bank in 2019 as global head of equity within global markets.

Emmanuel Issanchou has been appointed as deputy head of global markets in charge of global markets in the Americas and global markets credit worldwide. He reports to Haize and Olivier Delay, chief executive of the corporate and investment banking division in the Americas. Issanchou was previously global head of structured credit and solutions, and credit trading at Natixis. 

All the appointments are effective as of January.

BNP Paribas Asset Management has appointed a new head for its business in Latin America, effective from January 1. Luiz Sorge is based in São Paulo and reports to Sandro Pierri, the asset manager’s global head of client group, its worldwide sales and marketing division.

Sorge oversees the firm’s activities in Argentina, Columbia, Chile, Mexico and Peru, and remains chief executive of BNPP AM Brazil – a role he has held since 2013. Sorge joined the asset manager in 2001. 

Aberdeen Standard Investments has appointed René Buehlmann as its new chief executive of Asia-Pacific. Buehlmann succeeds Hugh Young, who will take on a new role as Asia chairman. Based in Singapore, Buehlmann will join the executive leadership team and report to the firm’s chief executive, Stephen Bird.

Buehlmann was most recently UBS’s head of asset management for Asia-Pacific and global head of wholesale client coverage.

Allianz Global Investors has made two appointments to its China business. Leo Shen has been named head of the firm’s onshore fund management business, while Zheng Wang becomes a Shanghai-based portfolio manager, focusing on managing onshore multi-asset investments in China. Shen joins Allianz GI from Mercer, where he was China wealth and investment business leader. Wang joins from Mirae Asset Investment Management (Shanghai), where he was a portfolio manager with responsibility for investments in China. 

Investment manager Barings has appointed a new CRO, Paul Diouri. He takes over from interim CRO Richard Kent. Kent remains the firm’s global head of organisational risk and CRO for Europe. Diouri is now based in Charlotte, North Carolina and reports to Sheldon Francis, chief administrative officer and chief legal officer.  

Most recently, Diouri was head of risk for the Americas at asset management firm Schroders. Prior to that, he was head of investment risk at JP Morgan Asset Management.

Investment firm Grafton Capital, which focuses on technology firms, has appointed Tom Morrell as chief financial officer, based in London.
Morrell joins from the Toronto-based Brookfield Asset Management, where he was responsible for financial and operational oversight of the firm’s European private equity investments.

Previously, Morrell was associate director at Akur Capital and corporate finance manager at professional services firm BDO. 

US President Joe Biden has chosen Allison Herren Lee as acting chair of the US Securities and Exchange Commission. Trained as a lawyer, Lee has been a commissioner at the SEC since July 2019. Earlier in her career, Lee had spent over a decade in various roles at the regulator, including as counsel to commissioner Kara Stein and as senior counsel in the complex financial instruments unit at the division of enforcement. 

The International Organization of Securities Commissions has announced that the current secretary-general Paul Andrews will depart on February 25. Andrews has been in the role since March 2016. 

Iosco has not yet chosen a successor for Andrews. Tajinder Singh, who is currently deputy secretary-general, will serve as acting secretary-general until a permanent replacement for Andrews is found. 

Singh joined Iosco in 2010. Prior to that, he was head of international affairs and human resource development at the Securities and Exchange Board of India. Before working at Sebi, he was a director in India’s finance ministry. 

Andrews, a veteran regulator, had spent nearly two decades at the US Financial Regulatory Authority in Washington, DC, and before that, he had worked for the US Securities and Exchange Commission. 

The French markets regulator Autorité des Marchés Financiers has appointed Arnaud Oseredczuk to its 16-member board. AMF board members hold their seats for five years. 

Oseredczuk joined the AMF in 2005 and has served as head of asset management regulation in the international affairs directorate, head of supervision in the market investigation and inspection directorate, and as a managing director in charge of the asset management and markets directorate. 

Between 2012 and 2014, Oseredczuk also served in the cabinet of the president of France at the time, François Hollande, advising on financing the economy and the euro.

Electronic trading platform MarketAxess has a new chief operating officer (COO) for Europe, Middle East and Africa, and Asia-Pacific. Raj Paranandi will take up the post on March 1. He will be based in London and will oversee the firm’s technology and product development for the two regions. Paranandi will report to Christophe Roupie, head of the two regions. 

Paranandi joins MarketAxess from UBS where his most recent role was global head of change for the investment banking unit and global co-head of digital transformation for UBS’s global markets division. Prior to that, he was global COO for foreign exchange, rates and credit at the UBS investment bank. 

SGX, one of Asia’s largest derivatives exchanges, has appointed Herry Cho to the newly created position of head of sustainability and sustainable finance reporting. Cho will report to the exchange’s chief executive, Loh Boon Chye.

Cho joins SGX after more than 13 years at ING, where she has been head of sustainable finance for Asia-Pacific since 2017.

Proprietary trading firm OSTC has filled two newly created senior positions. 

Fladia Tang has joined the firm as country head for Greater China. Previously, Tang worked for HSBC in a wide range of positions, including head of equities for Asia operations in the bank’s global markets arm and head of derivatives operations for Asia-Pacific.

Sammi Li has been named head of sales for Greater China, reporting to Tang. Earlier in her career, Li worked at Euronext where she was head of Asia. She has also worked for NYSE Liffe, Ernst & Young, and Icap. 

Scope Group, a credit rating agency, has appointed Guillaume Jolivet as COO. Jolivet’s new role involves responsibility for the firm’s analytics work, as well as compliance and internal audit for its subsidiaries – Scope Ratings, Scope Risk Solutions, Scope Analysis and Scope Investor Services. He will join the firm’s chief executive Florian Schoeller and chief financial officer Christopher Hoffmann on its three-person executive board. Jolivet is based in Berlin, according to his LinkedIn profile. 

Jolivet joined Scope Group in 2013. His positions included heading up the firm’s credit rating unit. He also launched Scope Group’s environmental, social and governance unit in 2020 alongside Schoeller. Previously, Jolivet worked for Moody’s Investors Service and UBS Investment Bank. 

Charles Forde is joining risk data provider TruSight. His role, which he will assume in March, is head of global product strategy and client solutions. Forde will lead TruSight’s planned expansion into Europe and he will be based in Frankfurt. 

Forde has previously worked at Allied Irish Banks, where he was group head of operational risk; UBS, where he held a number of roles including COO of group data services, vendor risk; and Barclays Capital, where he was COO for fixed income technology. 

Compliance software provider NorthRow has a new chief executive in Adam Holden. Holden replaces Adrian Black, who retired in December. 

Holden joined NorthRow as chief financial officer in 2018. Previously, he was at mobile-based challenger Tandem Bank, at Lombard and at RBS Invoice Finance, holding the position of finance director at all three. He also worked as financial controller for corporate banking at Royal Bank of Scotland and head of real estate finance for McDonald’s. 

Additional reporting by Risk.net staff, editing by Olesya Dmitracova