Former regulator of the Bank of England Benedict Roth has switched to crypto brokerage and exchanges signature, a joint venture between Standard Chartered and BC Technology. Roth becomes Chief Risk Officer. Zodia aims to provide digital custody and trading services to institutions in assets like Bitcoin, Ethereum and others.

“When we think about safe institutional services, you can imagine that risk is at the center of everything we do, so getting started was a very interesting opportunity in my opinion,” says Roth.

As a specialist in counterparty credit risks, Roth joined the United Kingdom‘Financial Services Authority in April 2012. The following year the regulator was split into a regulator, which was incorporated into the Bank of England, and a consumer-oriented body. Roth switched to the prudential unit as technical supervisor and looked after international investment banks. He then took on a role in the central bank rulemaking area, where he worked on regulatory arbitrage and repo markets.

In September 2018, Roth was seconded to the Ministry of Housing, Municipalities and Local Government. There he was appointed Chief Risk Officer, who was responsible for redesigning the ministry’s risk management structure.

In order not to become a “career regulator”, Roth decided to join the crypto venture, which is expected to start at the end of the year, depending on the regulatory approval.

Roth sees a growing digital influence on the financial services industry, not only through cryptocurrencies, but also through digital central bank currencies. But the new role brings challenges. In the past few months, several crypto exchanges have been stolen either through internal or external fraud. Added to this is the additional consideration of the reputational risk of an established brand such as Standard Chartered. Roth points out that this is exactly why he was hired for the role.

“This is an institutional endeavor. Behind this is the name Standard Chartered, and we are very sensitive to our public reputation, ”he says.

Roth from London took over the new function on July 1st.

Jon Slavin joined UBS to direct his execution center in the US, according to an internal memo from Slavin’s rent comes as a UBS aims to offer outsourced trading US Hedge funds and asset managers before the end of the year.

Slavin was previously Global Head of Equity Trading at Morgan Stanley Investment Management. He also worked at Pimco, Weiss Multi-Strategy and Sigma Capital. Slavin will work locally with Todd Lopez, Head of Execution Services for America, and globally with Mark Goodman, Global Head of. to report UBS Execution center.

The work under Slavin will be Sherri Cohenwho is involved in business development for the US Execution center. Cohen is also from to teachwhere she led global trade in emerging markets and oversaw the creation of the company’s trading systems.

Jean-Francois Grégoire has given up his position as Global Head of Markets at Societe Generale. Sylvain Cartier and Alexandre Fleury have replaced him as Co-Head of Global Markets. Both will retain their previous roles – Cartier as Head of Loans, Bonds and Currencies and Fleury as Head of Equities and Equity Derivatives. They also become members of the bank’s senior management. Cartier and Fleury report to Slawomir Krupa, Head of Global Banking and Investor Solutions.

Mitsubishi UFJ Financial group has named Randall Chafetz as Vice Chairman of Global Corporate and Investment Banking, a newly created role. Chafetz is based in New York and is transitioning from his previous position as vice chairman of global corporate and investment banking. Chafetz joined Bank of Tokyo in 1998 as Head of Capital Markets, which later became part of the group. Chafetz reports to Masato Miyachi, Chief Executive of Global Corporate and Investment Banking.

Alexander Perez

BNY Mellon added Alexander Perez as Chief Operating Officer for global market infrastructure. Perez reports to Robin Vince, vice chairman and chief executive officer of global market infrastructure. Perez comes from Fintech Unqork, where he was Head of Capital Markets.

Swiss credit made changes to his equity capital markets team. Felipe Portillo becomes Head of Risk Europe, Middle East and Africa (Emea). Portillo is based in Madrid and will continue in his previous role as Head of Americas Risk. He reports to Anthony Kontoleon, Global Head of Equity Capital Markets Syndicate. The takeover as head of the Emea Syndicate is Antonio Limoneswho is also based in Madrid and reports to Portillo. Paolo Celesia becomes head of the southern European equity markets. He is also based in Madrid and reports to Nick Koemtzopoulos, Head of Emea Equity Capital Markets Origination.

Burcu corkut joins Barclays as Head of Emea Emea Emerging Market Macro and Local Sales. Korkut was previously Co-Head of Emerging Markets Sales for global trading solutions at Credit Suisse. She was also Vice Chairwoman of the Board of Directors of Credit Suisse Turkey. Korkut will begin in September and report to Filippo Zorzoli, the head of macro and solutions sales for Emea and Asia Pacific.

Euronext Appointed Claudia Kerr as head of management for global markets. Kerr will report to Chris Topple, Head of Global Sales, from London. Prior to joining Euronext, Kerr was a Business Manager at CME Group.

David Scott has joined that United Kingdom‘S Financial regulator as Interim General Counsel following the departure of former General Counsel Sean Martin. Scott previously served as litigation partner with the law firm Freshfields until he retired in October last year. Daniel Thornton becomes Assistant General Counsel, leaving his current position as Director of Enforcement Law. Raj Parker is also expected to join the regulator as a part-time senior legal advisor. Parker is an associate member of Matrix Chambers and a part-time judge and arbitrator. All three will report to the regulator’s chief executive officer, Nikhil Rathi.

Thalia Chryssikou

the Association for financial markets in Europe Appointed Thalia Chryssikou, Head of Global Sales Strategys and Structuring at Goldman Sachs, as CEO with effect from July 1. Chryssikou replaced Michael Cole-Fontayn who has held the position since September 2015.

Flavio Carpenzano has joined an investment management firm Capital group as Investment Director in the European Fixed Income Team. Carpenzano is leaving AllianceBernstein, where he was a Senior Investment Strategist. Carpenzano is based in London and will report to Jeremy Cunningham, Fixed Income Investment Director.

Hedge fund Sinclair capital has hired Charlotte Hervouet as partner and head of investor relations and business development. In her previous role at North Asset Management, Hervouet was Head of Investor Relations. She will be based in London reporting to Massimo Stabilini, founder of the hedge fund and chief investment officer.

Consulting company Capco has hired Alex Ross-Wilson as a partner. Ross-Wilson, based in London, will lead the company’s operations United Kingdom Banking practice. Ross-Wilson was previously Senior Strategic Change Director in Group Transformation HSBC, and previously worked for the consulting firm Accenture for 20 years. He will report to Mike Ethelston United Kingdom Executive Partner.

David Baeza-Rojano joined BearingPoint RegTech as Country Lead for Spain and Andorra. Baeza-Rojano, previously Head of Financial Supervision at the consulting firm Everis, will work under Robert Wagner, Chief Operating Officer.


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