In other People Moves, Deutsche Bank expands governance effort, SEC fills legislative affairs post and Allegiance Capital makes executive changes.
Industry Players and Vendors Back Hyperledger Project
The Hyperledger Project, an open source blockchain initiative from the nonprofit Linux Foundation, founded in 2000, reports the following new members:
- Chris Ferris, chief technology officer (CTO) of open technology at IBM, becomes chair of the project’s technical steering committee (TSC);
- Blythe Masters, CEO of Digital Asset Holdings, becomes chair of the project’s board, whose newly elected members are Charles Cascarilla, CEO, itBit, and Craig Young, CTO, the Society for Worldwide Interbank Financial Telecommunication (SWIFT);
- Other members of the TSC include: Tamás Blummer, Digital Asset Holdings; Mic Bowman, Intel; Richard Brown, R3; Stanislav Liberman, CME Group; Hart Montgomery, Fujitsu; Satoshi Oshima, Hitachi; Stefan Teis, Deutsche Börse; Emmanuel Viale, Accenture; Pardha Vishnumolakala, DTCC; and David Voell, JPMorgan.
Other members of the governing board are: Toshiya Cho, Hitachi; Jerry Cuomo, IBM; Chris Ferris, IBM; Dirk Hohndel, Intel; Todd McDonald, cofounder and chief operating officer (COO), R3; Robert Palatnick, DTCC; Kireeti Reddy, CME Group; Stefan Teis, Deutsche Börse; Dave Treat, Accenture; Yoshinobu Sawano, Fujitsu; and Santiago Suarez, JPMorgan.
In addition, 10 new companies have joined the project, the foundation says. They are: Blockstream, Bloq, eVue Digital Labs, Gem, itBit, Milligan Partners, Montran Labs, Ribbit.me, Tequa Creek Holdings and Thomson Reuters.
The TSC drives technical direction of the Hyperledger Project, the Linux Foundation statement notes, while the project’s governing board manages business direction, including governance, marketing and operational decisions, officials say.
More information about the Hyperledger Project is at: https://www.hyperledger.org/
Deutsche Bank Names New Chief Governance Officer
Florian Drinhausen, chief governance officer, Deutsche Bank
Deutsche Bank reports that its management board has created an expanded global governance function, which will be headed by Florian Drinhausen, who will become chief governance officer, reporting to Karl von Rohr.
The new entity will “bring together a number of existing functions and teams,” the bank says in a statement, adding that various functions that have “responsibility for governance matters will now be integrated. This new Global Governance function will unite not only the global and regional governance departments but also the Corporate Secretariat and the Office of the Supervisory Board.”
Drinhausen succeeds Daniela Weber-Rey, who “substantially enhanced” governance at the bank over the past three years, according to the statement.
Drinhausen, who joined the bank in 2014, is currently regional co-general counsel for Germany. Before joining the bank, he was a partner at Linklaters LLP with responsibility for corporate governance and M&A, Deutsche Bank says.
SEC Designates Legislative Affairs Director
SEC officials report that Keith E. Cassidy has been named director of the agency’s office of legislative and intergovernmental affairs.
Cassidy succeeds Tim Henseler, who was named office chief in the division of corporation finance’s office of enforcement liaison.
Cassidy has served as deputy director of the office of legislative and intergovernmental affairs since 2011, the SEC says, noting that he “advises the Chair, Commissioners, and SEC staff on legislative matters, provides technical assistance on securities-related legislation to congressional committees and staff, and assists in preparing SEC testimony for congressional hearings.”
Allegiance Capital Picks New President/CEO
John R. Sloan, president and CEO, Allegiance Capital
Allegiance Capital Corp., a Dallas, Texas-based private investment bank, reports that John R. Sloan has been appointed president and CEO.
Sloan, the former vice chairman, who joined Allegiance in 2007, takes over from David J. Mahmood, Allegiance’s founder, who served as chairman and CEO for 18 years, according to a statement.
Mahmood will remain with Allegiance Capital as chairman, “to provide support and guidance to investment bankers and business development associates,” Allegiance says.
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