WFE Appoints Nandini Sukumar as New Chief Administrative Officer
The World Federation of Exchanges, the global trade association of publicly regulated exchanges, today announced the appointment of Ms. Nandini Sukumar to the position of chief administrative officer.
Sukumar joins the WFE from Bloomberg News bringing 14-years of experience as a financial journalist specialising in market structure, exchanges and regulation. At WFE she will, along with the CEO and management team, represent and promote the organisation and its member’s values to key stakeholders and help the organisation run smoothly on a daily basis. She will report to Huseyin Erkan, Chief Executive Officer of the WFE.
Mr Erkan said: ‘’I am delighted to welcome Nandini to the WFE. As we help educate stakeholders on the benefits of exchanges as efficient forums for liquidity, price discovery and capital raising, she will play a key role in promoting our message.’’
Ms Sukumar joined Bloomberg News in 2000 and established their coverage of exchanges and of the U.K. financial services regulator. She covered the industry through the exchange IPOs starting in 2001 and during the 2004-2007 cycle of industry consolidation. Based in London, she set up Bloomberg's coverage of the U.K. securities watchdog and has covered stock and bond markets and the mutual fund industry for them.
- North Street Global Hires Hedge Fund Industry Veteran Kira Bazile as President
North Street Global, a diversified financial services firm headquartered in New York City with an office in Los Angeles, today announced that hedge fund industry veteran Kira Bazile has joined as President. In her new role, she will head business development for the firm's fund administration platform, capital introductions group and global markets division.
"Kira is a well-respected industry veteran and our clients will benefit from her diverse experience in working with hedge fund managers to help them achieve their goals," said CEO Alex Mascioli.
Ms. Bazile has been in the prime brokerage component of the hedge fund industry for over 17 years. Most recently, she was a managing director at BTIG where she focused on developing its prime brokerage product for emerging managers. She began her prime brokerage career at Goldman Sachs in 1997 where she spent four years managing a client service team that covered some of the industry's largest hedge fund managers. She then worked at Deutsche Bank for eight years where she helped build the financing and derivatives platform within the newly formed Global Prime Services division.
- Nasdaq Hires Friedman as Co-President
Nasdaq OMX Group Inc. has hired Adena Friedman as co-president as part of a broad restructuring of the company that positions the former exchange executive as the most likely to succeed Robert Greifeld in the top job. Ms. Friedman returns to Nasdaq after a three-year stint as chief financial officer at Carlyle Group.
- Intermarket Communications promotes Bill Ferri to managing partner.
Bill Ferri, a 17 year veteran of Intermarket Communications, is being promoted to the position of Managing Partner.
"Ferri has been with Intermarket for two thirds of our history and nearly all of his professional career," said Martin Mosbacher, managing partner and CEO.
"Bill has shown a dedication to our agency and, most importantly, manages to consistently deliver exceptional results for a broad array of global clients. In addition, he has helped to promote the firm in the industry, while bringing in new business and fostering trusted relationship with the clients and the media. Our success as a business is in no small part due to his efforts.
- Gary DeWaal Joins Katten as special counsel
Katten Muchin Rosenman LLP names attorney Gary DeWaal is joining the firm’s Financial Services practice in New York as special counsel. Mr. DeWaal is a financial services industry veteran who has more than 30 years of experience working on legal and regulatory matters. He served for many years as a Senior Managing Director, Group General Counsel and global Executive Committee member of Newedge, one of the largest brokers of exchange-traded derivatives in the world.
“Having someone with Gary’s extensive regulatory knowledge, as well as in-house and government experience, join our team is tremendously valuable as it further strengthens the firm’s resources in the financial services regulatory arena,” said Vincent A.F. Sergi, Katten Chairman.
- Typhon Capital and Leeward Pointe Capital Merge
Typhon Capital and Leeward Pointe Capital. Leeward Pointe is managed by a team of three incredibly talented individuals who launched the Leeward Pointe Natural Gas Strategy into one of the most volatile market environments seen in over 10-years. During the winter of 2013-2014, Leeward skillfully provided risk adjusted returns greater than 2.5 (Sharpe) for their investors and has consistently maintained a low-volatility return profile.
Dr. Adam O'Shay brings his experience trading and developing energy analytics for e360 Power, Optiver, Citadel, and Risk Management Solutions to Typhon where he will head the Natural Gas trading group, which will offer the Leeward Pointe Natural Gas Strategy exclusively for Typhon clients. Melvin Bacani has worked in the financial industry since 1995 at Citadel, Morgan Stanley, and Data Mining Systems/Deutsche Bank, and will continue to develop technology and leverage data analytics on behalf of the Natural Gas group and share his technical leadership in the Typhon family. J.P. Plavan, CEO of Earthrisk Technologies which the Group uses for proprietary weather research, will lead a San Diego-based branch office for Typhon and has joined Typhon Capital's advisory board.
- Broker Neonet Securities appoints Alasdair Haynes as non-executive chairman
Haynes is the founder and chief executive of pan-European cash equities trading platform Aquis Exchange and previously headed up Chi-X Europe. Before that, he led the European and Asian operations of international electronic broker ITG Inc. and held senior positions at investment banks, including HSBC and UBS.
Commenting on the appointment, John Ashdown, Managing Partner at Hay Tor Capital* said: “Both KAS BANK and Hay Tor Capital are delighted that Alasdair has agreed to chair the board of Neonet Securities. His reputation and track record in the financial services sector are widely recognised in the pan-European marketplace and his leadership will be a tremendous asset to the Company as it continues to build its client offering and market presence across Europe. We are delighted to welcome Alasdair into this role and thank Peter Melbi for his contributions to the Company over the last two years.”
- ICAP hires former LCH.Clearnet head to run its stock exchange for fledgling companies
ICAP, the interdealer broker, has hired former LCH.Clearnet head Patrick Birley to run its stock exchange for fledgling companies.
Birley is set to be named as chief executive of ICAP Securities and Derivatives Exchange (ISDX), bought by ICAP nearly two years ago. He will start on April 1 and replace Seth Johnson, who will focus on his role as chief executive of BrokerTec, ICAP’s fixed income trading subsidiary. ICAP confirmed Mr Birley’s appointment on Thursday.
ICAP has struggled to turn around the venue, once known as Plus Markets, since a rescue purchase in May 2012, according to the Financial Times.
The deal gave ICAP a regulatory exchange licence but the interdealer broker also said it wanted to preserve the quotations of the 150 companies traded on the market, and develop the venue. However more companies have left the exchange than joined. In response ISDX has tightened its rule book.