The Bank of New York Mellon (NYSE:BK) today announced the appointment of Eric Kamback as chief executive officer of its Treasury Services group. Previously deputy head of Treasury Services, Kamback assumes responsibility for the company's global payments, trade services and cash management businesses, succeeding Robert W. Stasik, who is retiring after 35 years of distinguished service to pursue other opportunities.
Kamback joined The Bank of New York Mellon in 1980, and has had a significant role in the growth of a broad range of The Bank of New York Mellon businesses, including mutual funds, asset servicing, corporate trust, and shareowner services. In recent years he has focused on the development of technology-driven products and services, notably in the areas of global mass payments, global remittances and image-based deposit products, and increasing the global presence of the Treasury Services group, significantly expanding its client base in Europe, Asia and the Middle East, as well as the Americas.
A frequent speaker at international conferences and a featured participant at industry roundtables around the world, Kamback has fostered a business-wide focus on industry leadership and participation, facilitating Treasury Services group involvement in a number of domestic and global industry organizations.
Showing posts with label trading people. Show all posts
Showing posts with label trading people. Show all posts
Thursday, 9 October 2008
Tuesday, 7 October 2008
Greenhill Managing Director Appointed
Christopher Cooke will join the investment bank Greenhill, as a Managing Director in its recently formed Fund Placement Group. Mr. Cooke, who previously worked as a Managing Director at Lehman Brothers with the other members of the Firm's Fund Placement Advisory group, will be based in London and will focus on extending the group's capabilities to the European market.
Mr. Cooke was most recently with CQS, a leading London based hedge fund, as a member of the Fund Raising and Investor Relations team. Prior to joining CQS in 2007, he was a London-based Managing Director at Lehman Brothers where he was responsible for European and Middle East fund raising for Buy-out funds, Fund of Funds, Co-investment funds and Real Estate funds. Prior to his time at Lehman, Mr. Cooke was an Executive Director at Goldman Sachs for five years. He began his career at the Royal Bank of Canada.
Mr. Cooke holds a BA from Georgetown University, Washington D.C. and an MBA from Fordham University, New York City.
Simon A. Borrows, Co-Chief Executive Officer of Greenhill, said, "Our intention is to extend our Fund Placement Advisory business across global markets, just as we have done with our M&A and Restructuring advisory business. Chris has broad experience and a wealth of relationships that will significantly advance this strategy."
Mr. Cooke was most recently with CQS, a leading London based hedge fund, as a member of the Fund Raising and Investor Relations team. Prior to joining CQS in 2007, he was a London-based Managing Director at Lehman Brothers where he was responsible for European and Middle East fund raising for Buy-out funds, Fund of Funds, Co-investment funds and Real Estate funds. Prior to his time at Lehman, Mr. Cooke was an Executive Director at Goldman Sachs for five years. He began his career at the Royal Bank of Canada.
Mr. Cooke holds a BA from Georgetown University, Washington D.C. and an MBA from Fordham University, New York City.
Simon A. Borrows, Co-Chief Executive Officer of Greenhill, said, "Our intention is to extend our Fund Placement Advisory business across global markets, just as we have done with our M&A and Restructuring advisory business. Chris has broad experience and a wealth of relationships that will significantly advance this strategy."
ELX Appoints CEO
ELX Electronic Liquidity Exchange, has appointd Neal L. Wolkoff as Chief Executive Officer. Mr. Wolkoff has more than 20 years of experience as an exchange executive, most recently as Chairman and Chief Executive Officer of the American Stock Exchange and previously as Chief Operating Officer and Executive Vice President of the New York Mercantile Exchange.
"Neal's record of effective leadership, deep knowledge of the futures industry and commitment to market integrity make him an excellent choice for ELX," said Tom Rubio, Chairman of the ELX Supervisory Board and Managing Partner of Breakwater, a leading Chicago-based trading firm.
"As CEO, Neal will play a major role in establishing ELX as a vigorous, competitive exchange, focused on delivering superior cost-efficiency, innovation and service to all futures market participants," added Catherine Bartzos, a Managing Director of J.P. Morgan and member of the Supervisory Board's Operating Committee.
Mr. Wolkoff said: "ELX will offer an open and competitive exchange focused on the needs of all market participants and their customers. In a new environment in which most market participants directly access exchanges through advanced trading technology, ELX has unprecedented opportunities to build liquidity by offering a structure tailored to the requirements of high- volume electronic trading. Initially, ELX will focus on the significant opportunity to bring lower transaction costs, successful innovation, and greater speed and efficiency to the global market in U.S. Treasury futures contracts. I look forward to talking with market participants in the months ahead about how ELX can best meet their needs and the needs of their customers."
"Neal's record of effective leadership, deep knowledge of the futures industry and commitment to market integrity make him an excellent choice for ELX," said Tom Rubio, Chairman of the ELX Supervisory Board and Managing Partner of Breakwater, a leading Chicago-based trading firm.
"As CEO, Neal will play a major role in establishing ELX as a vigorous, competitive exchange, focused on delivering superior cost-efficiency, innovation and service to all futures market participants," added Catherine Bartzos, a Managing Director of J.P. Morgan and member of the Supervisory Board's Operating Committee.
Mr. Wolkoff said: "ELX will offer an open and competitive exchange focused on the needs of all market participants and their customers. In a new environment in which most market participants directly access exchanges through advanced trading technology, ELX has unprecedented opportunities to build liquidity by offering a structure tailored to the requirements of high- volume electronic trading. Initially, ELX will focus on the significant opportunity to bring lower transaction costs, successful innovation, and greater speed and efficiency to the global market in U.S. Treasury futures contracts. I look forward to talking with market participants in the months ahead about how ELX can best meet their needs and the needs of their customers."
Thursday, 2 October 2008
ICE Executives In Institutional Investor List
Institutional Investor Magazine has named two ICE executives to its Online Finance 40 list. The annual ranking of "top executives and innovators in the world of financial technology" includes Jeff Sprecher, ICE Chairman and Chief Executive Officer, and Sunil Hirani, Chairman and Chief Executive Officer of Creditex, which was acquired by ICE in August 2008.
Institutional Investor's Online Finance 40 ranks the top executives and innovators in the world of financial technology. This year's ninth annual Online 40 listing highlights influential leaders in areas of e-finance such as electronic trading, banking, transaction processing and data management.
Sprecher's ranking as number 8 on the list moved him up 12 places over his number 20 spot on last year's list. Appearing on the list for the first time at number 34 is Hirani, whose innovative approach to the credit derivatives markets was a driving force in the acquisition by ICE.
"Jeffrey Sprecher has never been one to think small," leads off the paragraph detailing why he was selected. The entry details a series of acquisitions that have made ICE a multinational company. Sprecher is quoted in the entry: "A year ago we were an energy exchange; now we have Russell indexes, credit and OTC options. We are positioning ourselves to provide the data and tools" to address the continuing regulatory pressures for transparency in OTC markets.
The article describes Creditex, launched in 1999, as a "key intermediary in the burgeoning credit derivatives market." The entry on Hirani's ranking states: "Hirani has added some juice of his own, with a string of infrastructure-enhancing initiatives, including the 2005 formation of CDS affirmation subsidiary T-Zero; the 2006 acquisition of London-based CreditTrade, which strengthened Creditex's voice-electronic hybrid approach; and the 2007 introduction of the Q-WIXX electronic platform for trading large CDS portfolios." The entry also addressed ICE's acquisition of the firm: "Hirani says Creditex and ICE have a 'complementary ability' to help dealer clients as they face 'greater capital constraints, regulatory scrutiny, processing challenges and heightened focus on counterparty credit risk.'"
Institutional Investor's Online Finance 40 ranks the top executives and innovators in the world of financial technology. This year's ninth annual Online 40 listing highlights influential leaders in areas of e-finance such as electronic trading, banking, transaction processing and data management.
Sprecher's ranking as number 8 on the list moved him up 12 places over his number 20 spot on last year's list. Appearing on the list for the first time at number 34 is Hirani, whose innovative approach to the credit derivatives markets was a driving force in the acquisition by ICE.
"Jeffrey Sprecher has never been one to think small," leads off the paragraph detailing why he was selected. The entry details a series of acquisitions that have made ICE a multinational company. Sprecher is quoted in the entry: "A year ago we were an energy exchange; now we have Russell indexes, credit and OTC options. We are positioning ourselves to provide the data and tools" to address the continuing regulatory pressures for transparency in OTC markets.
The article describes Creditex, launched in 1999, as a "key intermediary in the burgeoning credit derivatives market." The entry on Hirani's ranking states: "Hirani has added some juice of his own, with a string of infrastructure-enhancing initiatives, including the 2005 formation of CDS affirmation subsidiary T-Zero; the 2006 acquisition of London-based CreditTrade, which strengthened Creditex's voice-electronic hybrid approach; and the 2007 introduction of the Q-WIXX electronic platform for trading large CDS portfolios." The entry also addressed ICE's acquisition of the firm: "Hirani says Creditex and ICE have a 'complementary ability' to help dealer clients as they face 'greater capital constraints, regulatory scrutiny, processing challenges and heightened focus on counterparty credit risk.'"
Wednesday, 24 September 2008
RBC CEO and Chairman Appointed
Royal Bank of Canada (RY on the TSX and NYSE) today announced leadership changes at RBC Capital Markets.
Doug McGregor has been appointed chairman & co-CEO of RBC Capital Markets; and Mark Standish has been appointed president & co-CEO of RBC Capital Markets. McGregor and Standish will join RBC's Group Executive as co-group heads, Capital Markets.
These appointments are effective November 1, 2008, in conjunction with the retirement of Charles (Chuck) Winograd as chairman and CEO of RBC Capital Markets. Chuck will remain with the bank to facilitate transition into January 2009.
As chairman & co-CEO, McGregor will assume specific responsibility for driving client relationships, and managing the firm's investment banking, equity agency trading and credit businesses. He will continue to be based in Toronto. As president & co-CEO, Standish will have responsibility for the firm's sales and trading activities, financing, as well as oversight and management of the firm's balance sheet. He will continue to be based in New York.
"These appointments are recognition of Doug and Mark's success in driving our steady growth as a global wholesale bank," said Gordon M. Nixon, president and chief executive officer of RBC. "Under their joint leadership, RBC Capital Markets will continue to execute its long-term strategy and further strengthen its position as a premier investment bank around the world."
McGregor and Standish were appointed co-presidents of RBC Capital Markets in February 2007. McGregor, as co-president, led the firm's global investment banking business and was responsible for RBC Capital Markets' global activities in corporate finance, mergers and acquisitions, and equity sales and trading. He also headed the North American real estate brokerage, financing, capital markets and advisory business. McGregor began his investment banking career in 1979 and joined RBC DS as a managing director in 1990 through the acquisition of Marcil Trust.
Doug McGregor has been appointed chairman & co-CEO of RBC Capital Markets; and Mark Standish has been appointed president & co-CEO of RBC Capital Markets. McGregor and Standish will join RBC's Group Executive as co-group heads, Capital Markets.
These appointments are effective November 1, 2008, in conjunction with the retirement of Charles (Chuck) Winograd as chairman and CEO of RBC Capital Markets. Chuck will remain with the bank to facilitate transition into January 2009.
As chairman & co-CEO, McGregor will assume specific responsibility for driving client relationships, and managing the firm's investment banking, equity agency trading and credit businesses. He will continue to be based in Toronto. As president & co-CEO, Standish will have responsibility for the firm's sales and trading activities, financing, as well as oversight and management of the firm's balance sheet. He will continue to be based in New York.
"These appointments are recognition of Doug and Mark's success in driving our steady growth as a global wholesale bank," said Gordon M. Nixon, president and chief executive officer of RBC. "Under their joint leadership, RBC Capital Markets will continue to execute its long-term strategy and further strengthen its position as a premier investment bank around the world."
McGregor and Standish were appointed co-presidents of RBC Capital Markets in February 2007. McGregor, as co-president, led the firm's global investment banking business and was responsible for RBC Capital Markets' global activities in corporate finance, mergers and acquisitions, and equity sales and trading. He also headed the North American real estate brokerage, financing, capital markets and advisory business. McGregor began his investment banking career in 1979 and joined RBC DS as a managing director in 1990 through the acquisition of Marcil Trust.
Winograd Leaves RBC Capital Markets
Today RBC announced that Charles (Chuck) Winograd, the chairman and CEO of RBC Capital Markets, is retiring from this position effective October 31, 2008 after a distinguished career with the firm and predecessor organizations that has spanned four decades. Chuck will remain with the bank to facilitate transition into January 2009.
"Chuck has led the transformation of our capital markets business to a significant and growing global concern," said Gordon Nixon, president and chief executive officer of RBC. "While Chuck will always credit this success story to the people in RBC Capital Markets, he played a strong and effective leadership role in our decisions to pursue new markets and enter new businesses, and the execution of these initiatives. He has also overseen our premier domestic Canadian capital markets franchise that is stronger than it has ever been."
"Chuck has led the transformation of our capital markets business to a significant and growing global concern," said Gordon Nixon, president and chief executive officer of RBC. "While Chuck will always credit this success story to the people in RBC Capital Markets, he played a strong and effective leadership role in our decisions to pursue new markets and enter new businesses, and the execution of these initiatives. He has also overseen our premier domestic Canadian capital markets franchise that is stronger than it has ever been."
Thursday, 18 September 2008
Pali Hires
Pali Capital, Inc., the US broker-dealer subsidiary of Pali Holdings, Inc., continued build out of its equity team with the addition of four very experienced equity hires. Ed Bralower, Frank Miceli and Greg Mulbury have joined as Equity Sales Traders, and Rick Bradt joins the firm's Research Sales team. All four are based in Pali's New York office and report to Michael Towey and Kevin Fisher, Co-heads of U.S. Equities.
Friday, 12 September 2008
CME Expands International Team
CME Group, has expanded its international team by creating two new positions designed to support the company's global business development.
Thomas Krabbe, 40, Director, Corporate Finance
Krabbe will support CME Group's international partnerships and lead the company's global growth prioritization and execution processes. He also will be responsible for working with the finance, accounting and tax areas to ensure cross-departmental support for CME Group's international initiatives. He will be based in Chicago and continues to report to Sam Coady, Director, Corporate Finance.
Adrienne Seaman, 37, Director, Commercial and Licensing Counsel
Seaman will be responsible for providing ongoing legal support for CME Group's London-based subsidiaries -- CMA and Swapstream -- and working with other legal team members on international legal matters impacting CME Group. She will be based in London and will report to Kathleen Cronin, Managing Director, General Counsel and Corporate Secretary.
Thomas Krabbe, 40, Director, Corporate Finance
Krabbe will support CME Group's international partnerships and lead the company's global growth prioritization and execution processes. He also will be responsible for working with the finance, accounting and tax areas to ensure cross-departmental support for CME Group's international initiatives. He will be based in Chicago and continues to report to Sam Coady, Director, Corporate Finance.
Adrienne Seaman, 37, Director, Commercial and Licensing Counsel
Seaman will be responsible for providing ongoing legal support for CME Group's London-based subsidiaries -- CMA and Swapstream -- and working with other legal team members on international legal matters impacting CME Group. She will be based in London and will report to Kathleen Cronin, Managing Director, General Counsel and Corporate Secretary.
Wednesday, 10 September 2008
Summer Street COO Appointed
Summer Street Capital Partners, a Buffalo, New York-based private equity fund, announced that James D. Chambers has joined Summer Street as an Operating Partner.
In 2001, Chambers co-founded Conundrum Partners, a management advisory and investment firm. Previously, he served as the President of Business Services for Quest Diagnostics Inc., where he led key functions in the company's turnaround and growth strategy. His management of Quest's integration of SmithKline Beecham Clinical Laboratories resulted in a more than $2 billion increase in market value for the combined company. Prior to joining Quest Diagnostics, Chambers held senior management positions in finance and corporate development at Corning, Inc., Vista Chemical and Conoco, Inc.
"Summer Street is fortunate to be able to add Jim's many talents to our team of experienced partners," noted Mike McQueeney, managing partner. "His track record of driving operational excellence, advising companies experiencing rapid growth and acquiring and integrating companies positions Jim as an outstanding resource for our portfolio companies."
Chambers will join current operating partners Doug VanOort, John Burgess and Michael Serventi in reviewing prospective investments and providing operational resources for Summer Street's portfolio companies.
In 2001, Chambers co-founded Conundrum Partners, a management advisory and investment firm. Previously, he served as the President of Business Services for Quest Diagnostics Inc., where he led key functions in the company's turnaround and growth strategy. His management of Quest's integration of SmithKline Beecham Clinical Laboratories resulted in a more than $2 billion increase in market value for the combined company. Prior to joining Quest Diagnostics, Chambers held senior management positions in finance and corporate development at Corning, Inc., Vista Chemical and Conoco, Inc.
"Summer Street is fortunate to be able to add Jim's many talents to our team of experienced partners," noted Mike McQueeney, managing partner. "His track record of driving operational excellence, advising companies experiencing rapid growth and acquiring and integrating companies positions Jim as an outstanding resource for our portfolio companies."
Chambers will join current operating partners Doug VanOort, John Burgess and Michael Serventi in reviewing prospective investments and providing operational resources for Summer Street's portfolio companies.
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