People Moves: Finra CAT Fills CTO and CISO Positions

Finra CAT Hires CISO, CTO     

Finra CAT, the subsidiary of the Financial Industry Regulatory Authority that will develop and maintain the consolidated audit trail (CAT), has named a chief information security officer (CISO) and a chief technology officer (CTO) to oversee the security and technology aspects of the trade database. 

The CAT operator appointed David Yacono CISO in February, and appointed Scott Donaldson CTO in April. Although both have been in their new roles for several months, Finra had not announced the changes.

Yacono joined Finra in 1999 and has held various cybersecurity roles, most recently as senior director of cyber and information security at the agency.

Donaldson was senior director of market regulation at Finra before moving to T. Rowe Price as head of data domain services in 2017.

• Read More: CAT’s Tale: How Thesys, the SROs and the SEC Mishandled the Consolidated Audit Trail. Click here to read more.
   

IHS Markit Adds IT Governance Expert to KY3P Leadership Team

IHS Markit has recruited IT governance expert Alex Golbin to serve as the global head of assessment services for its Know Your Third Party (KY3P) business. He will lead the firm’s Vendor Risk Assessment utility, helping banks improve risk posture, meet evolving regulatory requirements and reduce cost.

Prior to joining IHS Markit, Golbin had been at BNY Mellon since 1998. He most recently held the title of global head of technology third party governance, and was responsible for an array of IT functions, including cost optimization, quality assurance, process improvement and risk mitigation.

Based in New York, Golbin will report to KY3P chief executive officer (CEO), Ellen Schubert.
 

TickSmith Taps Reuters Vet Marsden in Europe

Montreal-based data technology platform provider TickSmith has hired Peter Marsden as senior vice president of sales and product for Europe.

His responsibilities include generating new sales leads and supporting TickSmith’s sales team, as well as gathering and validating client requirements to feed into the vendor’s product design, development and testing activities.

Marsden has worked as an independent consultant since the start of this year, prior to which he was head of real-time product management at Refinitiv, having spent 34 years in various senior product management and development roles at the vendor and its precursors Thomson Reuters and Reuters.

Based in London, Marsden reports to TickSmith founder and CEO Francis Wenzel.
 

Najarian Joins BitGo As CRO

Digital assets trust and security firm BitGo has hired Pete Najarian as chief revenue officer (CRO) to develop the company’s global sales strategy and execution.

He joins BitGo from bitcoin and blockchain service provider Xapo, where he was senior vice president of institutions. Prior to that, Najarian was global head of emerging markets sales at Royal Bank of Scotland, where he was responsible for leading its institutional sales teams, focusing on fixed income, loans, currencies and commodities. Previously, Najarian held various roles at UBS, including head of institutional client coverage for Asia-Pacific, and global head of emerging markets sales.

Najarian reports to Mike Belshe, BitGo’s CEO.
 

Executive Board of UBS Group Reshuffles

After more than 10 years as a member of UBS Group’s executive board, Ulrich Koerner has decided to step down from his current roles as asset management president and EMEA president of UBS, but will remain as senior advisor to the group chief executive officer (CEO), Sergio Ermotti, until at least the end of March 2020. Concurrently, Suni Harford will fill the role of president of UBS asset management, while Sabine Keller-Busse takes over as EMEA president. Co-president of UBS global wealth management, Martin Blessing, will also step down, and will be succeeded by Iqbal Khan. All changes are effective Oct. 1, 2019.

Harford joined UBS in 2017 in her current role as head of investments for UBS asset management. She left behind a 24-year career at Citigroup, the last nine of which she was the regional head of markets for North America. She began her Wall Street career at Merrill Lynch & Co. in investment banking.

Keller-Busse, who joined UBS in 2010, will assume her new role alongside to her current one, group chief operating officer (COO), which she took on at the start of 2018. As COO, she has overseen significant parts of the UBS Corporate Center in areas such as technology, operations, human resources, and corporate and consulting services. Prior to UBS, she led Credit Suisse’s Private Clients in Zurich and also advised financial services firms across Europe as a McKinsey & Company partner.
 

UBS Chairs New Sustainable Finance Committee

In other UBS news, next week, Huw van Steenis will join UBS to chair its new Sustainable Finance Committee and lead the Investor Relations division. The firm will create the Sustainable Finance Committee, comprised of senior business leaders who are already engaged in its sustainability efforts. The team will work together across the firm to focus on growth opportunities.

As head of investor relations, Van Steenis will act as a senior adviser on topics shaping the future of the industry. Martin Osinga, who had stepped in to lead Investor Relations in the interim, will move to deputy head.

Prior to joining UBS, van Steenis was senior adviser to Governor Mark Carney at the Bank of England (BoE), where he led a review of the financial system that helped to develop new regulatory technology and data strategies, update the payments system and facilitate financial firms’ use of technology. The review also led to the BoE’s becoming the first central bank to undertake an exploratory climate change stress test for financial institutions and to manage its own portfolio on the basis established by the Task Force on Climate-related Financial Disclosures (TCFD).

Before that, van Steenis was global head of strategy at Schroders, where he served on the group management committee. This followed senior roles at Morgan Stanley, where he spent 14 years.
 

Morgan Stanley Alum Appointed At Amber Group

Jeffrey Wang, former head of Asia derivatives at Morgan Stanley, has joined Amber Group, a Shenzhen, China-based crypto trading and technology company, as reported by Bloomberg. He’ll carry out his new role as head of Americas from Vancouver.

Wang had been with Morgan Stanley in Hong Kong for more than nine years, where he managed a team of 11 traders across spot, derivatives and futures, as well as traded and managed risk for option books in all G10 and Asia ex-Japan currencies. He spent the nearly-six years prior to that with HSBC as a foreign exchange derivatives trader.