In other People Moves, Rabobank nominates a chief risk officer, Speakerbus fills a sales post for the U.S., and LiquidityBook hires from REDI.
Barclays Also Welcomes a New Chief Operating Officer
Tom King, CEO of the Investment Bank, Barclays
Tom King, the CEO of the Investment Bank at Barclays, will retire on March 4, 2016, after overseeing “a period of extraordinary change,” Barclays officials announced late last week.
“After nearly 25 years in my career, and having now seen the Investment Bank through a period of extraordinary change and on to a solid footing for the future, I feel the moment is right for me to pass the baton,” King says in a prepared statement. “I am so proud of what we have achieved together at Barclays through what has been a hugely challenging period, and I shall leave the firm with fond memories of great clients and great colleagues.”
Jes Staley, Barclays group chief executive, said that the firm is “sad to see him leave … He has made a significant contribution in the time he has been with Barclays, first in our Banking Division, and then for the past three years as CEO of the Investment Bank,” in a prepared statement.
King’s work “in leading the change in our Investment Bank strategy before and since May of 2014 has been very important to ensuring Barclays’ future success,” Staley adds. “Tom’s trademark has always been his focus on the needs of clients and colleagues, and we are grateful to him for his stewardship.”
Paul Compton, group chief operating officer (COO), Barclays
Shortly before the King announcement, Barclays reported the appointment of Paul Compton as group chief operating officer (COO).
Compton will join Barclays from JPMorganChase in May, becoming a member of the executive committee and reporting directly to Staley, according to a statement.
Barclays officials also note that he will oversee operations and technology, structural reform, cost transformation, major project delivery, administration, corporate real estate services, and sourcing. He will also chair the group operating committee.
Jonathan Moulds, Barclays’ current group COO, will “leave the business to pursue other opportunities,” Barclays says.
Rabobank Supervisory Board Nominates Chief Risk Officer
Petra van Hoeken, chief risk officer and executive board member, Rabobank
Rabobank, the venerable, Netherlands-headquartered bank that characterizes itself as a socially responsible institution, reports that its supervisory board has nominated Petra van Hoeken, a risk management specialist, as chief risk officer and executive board member.
Van Hoeken’s nomination will be submitted for regulatory review and for advice from the works council, according to a bank statement.
“Further announcements will be made as soon as the required approval processes are completed,” bank officials say. The post has been vacant since January 1, 2016 and during the interim Wiebe Draijer, chairman of the executive board, has taken on the CRO’s responsibilities.
Van Hoeken joined the executive board of NIBC as CRO at the end of 2011, the bank statement notes. From 2008 she worked at RBS as CRO for Europe, the Middle East and Africa, covering credit, market and operational risk and regulatory risk and compliance. “Previously, she held various international roles at ABN AMRO, both in commercial and in risk management positions,” according to Rabobank.
Rabobank was formed in 1972 when two agricultural cooperative banks, originally formed in the late nineteenth century, merged. The bank has “developed from a purely Dutch bank into an international financial services provider for our Dutch customers,” the statement says.
Speakerbus Names U.S. East Coast Regional Sales Manager
Speakerbus, a provider of voice solutions for financial markets as well as for emergency and command and control infrastructure, reports that Jennifer Rossdale has been appointed regional sales manager for the U.S. East Coast region.
Rossdale, with a decade of experience in telecommunications sales, operations, business development and implementation, joins from BT, where she was a global account director, according to a Speakerbus statement. BT is a U.K.-based multinational that owns British Telecommunications among other telecom-related entities.
Rossdale is the “perfect fit for our growing market in the US,” Patrick McCullough, Speakerbus CEO, says in the statement.
LiquidityBook’s Chief Revenue Officer from REDI
Sean Sullivan, chief revenue officer, LiquidityBook
LiquidityBook, an application service provider of buy- and sell-side and order-management and financial-information-exchange trading solutions, reports the appointment of Sean Sullivan as chief revenue officer.
Sullivan will “report directly to co-founders Kevin Samuel and Rick Goldenberg, [and] will be responsible for the firm’s sales and business development strategy globally,” according to a statement.
Sullivan, with more than 20 years of experience in the financial technology industry, most recently was chief revenue officer for REDI Global Technologies, a trade management platform provider, the statement notes. “Prior to that, he was Head of Global Sales for Eze Software Group, and was also a member of the firm’s executive committee. Mr. Sullivan began his career at Bridge Information Systems, where he eventually became EVP of Sales.”
LiquidityBook was founded in 2005, offering Instant Messenger-based trading.
Need a Reprint?