In other People Moves, the SEC bids farewell to an associate director, CloudMargin creates an executive position, and Commcise opens an office in NYC.
ICE Promotes Senior Managers
Intercontinental Exchange, Inc. (ICE), the operator of clearinghouses, data services and such exchanges as the New
Jeffrey C. Sprecher, ICE chairman and CEO
York Stock Exchange, reports the following senior management moves:
- Ben Jackson, president and chief operating officer (COO) of ICE Futures U.S., has been named to the newly created post of ICE chief commercial officer, where he will be responsible for leading the integration planning and execution of ICE’s acquisitions and joint ventures, ICE says in a statement. “Jackson joined ICE in 2011 from SunGard where he led the company’s energy and commodities business,” according to ICE;
- Lynn Martin, president and COO of ICE Data Services, has added Interactive Data, which ICE acquired in December 2015, to her portfolio. ICE Data Services includes “ICE and NYSE market data, analytics, connectivity services and Interactive Data,” according to the statement. “Martin joined NYSE in 2001 where her roles included CEO of NYSE Liffe U.S. Prior to her current role, she served as COO of ICE Clear U.S.”
- And Trabue Bland, ICE vice president of regulation, has been named president of ICE Futures U.S. “Bland has led ICE’s efforts to implement U.S. financial reform while coordinating ICE’s global response to financial reform and worked closely with ICE’s U.S. and European compliance operations,” the statement notes. “Bland joined ICE in 2007 from the Commodity Futures Trading Commission where he was counsel to then CFTC Chairman Walt Lukken.”
Jackson, Martin and Bland will each report directly to Jeffrey C. Sprecher, ICE chairman and CEO.
SEC Investment Management Associate Director Leaves after 26 Years
Officials at U.S. regulator SEC report that commission veteran Susan Nash, the associate director of the division of investment management, is leaving at the end of January.
Nash was a “key architect of disclosure policy for mutual funds and other investment companies, and has led the division’s oversight of variable annuity and variable life insurance products,” the SEC says in its announcement.
Nash joined the SEC’s office of general counsel in 1989 and moved to the division of investment management in 1993, SEC officials say. Her previous positions in the division include assistant director in the office of insurance products and senior adviser to the director.
The commission statement spotlights Nash’s “instrumental role in many of the SEC’s disclosure policy initiatives for mutual funds and other investment companies, including the mutual fund summary prospectus, improvements to fee and performance disclosures, electronic document delivery, harmonization of SEC and Commodity Futures Trading Commission requirements for dual registrants, tailored disclosure requirements for variable life insurance, and implementation of Sarbanes-Oxley Act requirements.”
Her most recent accomplishment, says the SEC, is her “leadership role in the SEC staff’s … analysis of potential financial stability risks posed by asset management activities and products.”
No immediate word from the commission’s media operation about the prospects for a replacement.
CloudMargin Creates Executive Chairman Position
CloudMargin, a provider of a cloud-based, collateral management solution for financial institutions, reports that veteran Steven Husk has been named executive chairman, a newly created position.
Husk joins with more than 35 years in the financial services sector, CloudMargin says in a statement, describing him as an “angel investor and independent director who has worked primarily in the financial services software space. Before joining CloudMargin, Steven was CEO of FRS Global where he led a team delivering robust and comprehensive risk-management and regulatory compliance solutions to the financial services community.”
Before FRS Global, Husk was “president of SunGard Trading and Risk for five years as well as presiding over other financial services firms at a senior level, including Infinity Financial Technology, Oracle, Sybase and Comshare,” the statement notes.
Commcise Opens Office in NYC, Adds Senior Sales Staff
Commcise, a vendor of cloud-based integrated commission management solutions for investment management firms, has opened an office in New York City and hired senior sales people: Paul Charie, from Fidessa in London; and Kyle Rogge, from Alliance Bernstein in the U.S.
The new office and hires are part of Commcise’s expansion into the U.S.
“This is as a direct response to increased demand for Commcise’s solutions,” Commcise officials say. “The expansion will support more than 60 investment managers and broker firms that use Commcise as their global commission management and research evaluation (broker voting) platform.”
Charie, who joins the management team in London, will serve as global head of sales. He has two decades of experience in supplying technology services to the buy side, officials say.
“During my 25 years in this industry, I have repeatedly seen the requirement for cost-effective, highly-functional and flexible systems that integrate with existing operational infrastructure,” Charie says in a prepared statement. “I am looking forward to working with the Commcise team to deliver our commission management products, deployed as cloud-based services.”
Rogge, who is director of U.S. sales, says in a statement that Commcise is “poised to capitalize on tremendous opportunities here in the Americas.”
Changes in regulations and advancements in technology have helped pave the way for better solutions across the investment community as a whole. In the world of commission management, Commcise has been able to uniquely align the consumption of research with the funding of research in a way that helps both the buy-side and the sell-side determine the true value of their counterpart relationships.
The single-solution, Commcise platform offers support for regulatory drivers, automated reconciliation, invoice management, broker voting, consumption or service tracking, commission management, commission budgeting and reporting.
Need a Reprint?