In other People Moves news, FINRA fills a board of governors post, Vela Trading Technologies hires senior managers, Lombard Risk expands in Asia, and Boat Services taps Liquidnet.
Daniel Gallagher and Todd Ruppert Join Symbiont’s Board of Directors
Daniel Gallagher, former SEC commissioner
Symbiont, a smart-contract and distributed ledger technology (DLT) start-up based in New York City, has named former SEC Commissioner Daniel Gallagher and Todd Ruppert from T. Rowe Price to its board of directors.
Gallagher served as commissioner of the SEC for four years before being appointed president of Patomak Global Partners, a Washington, D.C.-based regulatory consulting firm established in the wake of the financial crisis, Symbiont says in a statement.
Ruppert is a financial services veteran, who is a former CEO of T. Rowe Price Global
Todd Ruppert, Symbiont board member
Investment Services, co-president of T. Rowe Price International, and a member of the operating steering committee of the T. Rowe Price group, per Symbiont. “After spending 27 years at the firm, he left in 2012 to form Ruppert International, a global holding company with interests in disruptive technologies and financial services,” officials say.
Symbiont’s board now includes former New York Stock Exchange (NYSE) CEO Duncan Niederauer, SenaHill managing partner Neil DeSena, and Celeridum Capital Management founder Shiv Govindan, in addition to Symbiont CEO and co-founder Mark Smith and President Caitlin Long, who is also chairman of the board.
FINRA Names JPMC Vice Chairman to Board of Governors
The Financial Industry Regulatory Authority (FINRA) has named a new Large-Firm Governor — Stephen M. Cutler, vice chairman of JPMorgan Chase & Co. (JPMC) — to the FINRA board of governors, officials say.
Cutler will complete the term of former Governor Gregory Fleming, who resigned his board seat earlier this year, FINRA officials say. Cutler joined JPMorgan as its General Counsel in 2007 from the law firm of WilmerHale in Washington, D.C., where he was a partner and co-chair of the firm’s securities department.
Before WilmerHale, Cutler was the director of the SEC’s Enforcement Division, officials add. Prior to his years at the SEC, he was a partner at Wilmer, Cutler & Pickering, where he worked for 11 years.
FINRA is overseen by a board of 10 industry governors that includes three from large firms, one from medium-size firms, three from small firms, one floor member, one independent dealer/insurance affiliate and one investment company affiliate, officials say. FINRA’s CEO has the remaining seat.
Vela Trading Technologies Adds to Senior Management
Brian Cassin, joint head of product and strategy, Vela
Vela Trading Technologies, a New York City-based specialist in trading and market data technology formerly known as SR Labs, reports the appointment of Brian Cassin and Ollie Cadman, two additions to the senior management group who will become joint heads of product and strategy, reporting to Vela CEO Jennifer Nayar.
Based in New York, they will be responsible for “driving product development, strategy and roadmap priorities across the firm,” according to a statement. “In addition, they will help to identify new market, partnership, and product opportunities through ongoing engagements with the firm’s global client base.”
Cassin has more than 20 years’ experience in the industry, including “knowledge of real-time market data, news, and financial content distribution via desktops, mobile devices, APIs, feeds, and more,” Vela says. “He brings with him extensive experience in market data distribution and connectivity solutions having worked for S&P Global and Thomson Financial.”
Cadman joins from the Intercontinental Exchange (ICE) via Interactive Data, which ICE acquired last year. Cadman will be based in the London office, according to the statement. His background includes “electronic trading, exchange connectivity, and real-time data.”
Lombard Risk Hires for Asia Pacific Sales and Product Group
Lombard Risk Management plc, a London-based provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, reports the addition of Nimoh Mohankumar, Nathan Li and Jonathan Tsang to its product and sales groups in the Asia Pacific region (APAC).
Mohankumar, a fintech sales veteran who has been named senior sales executive, joins from Broadridge, “where he was responsible for expanding the South East and North Asia regions,” according to Lombard’s statement.
Li, a financial services and telecommunications veteran, joins as sales executive. Prior to Lombard Risk, he was sales manager at SunGard Financial Systems HK, (now part of FIS) “where he was responsible for the North Asia market,” per Lombard.
Tsang, a veteran consultant, joins as senior product consultant for regulation in Asia, and will “provide presales consultancy, implementation and support services to Lombard Risk’s clients including banks, hedge funds, fund administrators and asset managers,” per the statement. “He joins from Wolters Kluwer Financial Services where he was Senior Pre-Sales Consultant for APAC.”
Boat Services Taps Liquidnet for New Commercial Director
Boat Services, a part of Cinnober Financial Technology, has hired Per Lovén, the former head of international corporate strategy at Liquidnet for the newly developed role of commercial director, according to Boat, which is a trade data monitor (TDM) platform for European market participants.
Lovén has spent the last six years at Liquidnet as the head of international corporate strategy where his focus was on corporate strategies for Liquidnet members to help them achieve best execution, Boat officials say.
For Boat, Lovén will focus on “market structure and developing and maintaining Boat’s existing loyal customer base, and leveraging relationships to execute business strategies,” according to Boat officials. Before Liquidnet, Lovén spent more than three years at Liquidnet in project management roles and spent more than six years at SimCorp as head of pre-sales and other consultancy roles.
Lovén will be reporting directly to CEO Jamie Khurshid and will be based in Boat’s office in London.
Boat touts itself as an independent TDM that provides post-trade reporting to 40 or more investment firms and multilateral trading facilities (MTFs), officials say.
“Since Boat’s inception, its core technology has been supplied by Cinnober,” officials add. Cinnober acquired Boat in 2014.
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