The DTCC board expands, deVere USA opens another office and BNY Mellon Wealth Management fills U.S. markets position.
Head of BrokerTec Direct Americas Is Appointed
Nicole Shumpert, head of BrokerTec Direct, Americas
EBS BrokerTec, ICAP’s electronic fixed income and foreign exchange business, reports that Nicole Shumpert, senior fixed income professional from Tradeweb, has been named head of its BrokerTec Direct, Americas, service.
BrokerTec Direct “leverages the EBS Direct model to provide customers with a new mechanism for trading fixed income,” the company says. “Launched in November 2012, EBS Direct offers disclosed trading to foreign exchange market participants through multiple execution methods such as request for quote (RFQ) and direct streaming for FX spot, swaps and options transactions.”
BrokerTec Direct, headed Serge Marston, former head of fixed income e-commerce at Deutsche Bank, is “in beta testing phase with US Treasury Actives and will extend to other fixed income products in the near future,” according to a statement.
At Tradeweb, Shumpert was director and head of U.S. Treasuries market development. She will report to Marston.
Former RBC Capital Markets Vice Chair Joins DTCC Board
Lisa A. Pollina, new DTCC board member
The DTCC, a post-trade market infrastructure services provider, reports that Lisa A. Pollina, former vice chair for RBC Capital Markets, a division of the Royal Bank of Canada, has been named to its 20-person board of directors, joining the board’s audit, finance/capital and risk committees.
Previously, Pollina was the senior advisor to the RBC International’s CEO on strategic corporate development actions globally, according to a DTCC statement. Before that, she was an executive at Bank of America, “with responsibility for a global corporate banking division serving clients in Asia, EMEA, Latin America, Canada and the United States,” per the DTCC.
She currently also serves on the boards of Two Harbors Investment Corp., where she is chair of the risk committee, and of Oliver Wyman, a management consulting firm that is part of the New York City-based Marsh & McLennan companies.
deVere USA Opens Larger Miami Hub Office
Miami, Fla., will become the second “hub” office for deVere USA Inc., part of the deVere Group of independent financial advisory organizations, the company reports.
deVere USA has been in Miami since June 2011, “but has now moved to larger premises in the main financial district to accommodate more advisers to meet demand,” according to a statement.
The number of Miami- based advisors is expected to “at least” double, from 11 to 22 or more in the next 12 months, according to Gareth Jones, deVere’s Miami area manager.
“Whilst New York — which is, of course, the financial epicenter of America — remains our HQ and super hub office, skyrocketing client demand across the U.S. has driven the need for another hub office from which advisers can help our growing numbers of U.S.-based clients,” Jones adds in the statement.
The expectation is that the new office, on Brickell Avenue, will lead to more advisors and support staff, “not only in the Florida region, but in neighboring states and further beyond too,” per the statement.
The deVere Group maintains a network of more than 70 offices across the world, with over 80,000 clients and $10 billion under advisement, according to the statement.
BNY Mellon Wealth Management Names Head of U.S. Markets
Thomas Dicker, head of U.S. markets, BNY Wealth Management
BNY Mellon Wealth Management has named Thomas Dicker to head of U.S. markets. He will be based in Boston.
Dicker, who will oversee the firm’s 38 U.S. offices and report to CEO Don Heberle, was most recently BNY Mellon Wealth Management’s chief operating officer.
He is a BNY Mellon Wealth Management veteran, and has held “several other key leadership positions and client-facing roles during his 29 years with BNY Mellon including overseeing the acquisition of the firm’s offices in Toronto, Chicago, and Menlo Park,” according to a BNY Mellon statement.
BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of the Bank of New York Mellon Corp., the company reports, noting that, as of June 30, 2016, it had $29.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management.
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