Ex-Quantifi Product Director Joins Calypso
David Kelly,
director of financial engineering,
Calypso Technology
Calypso Technology has hired industry veteran David Kelly, the former director of credit product development at Quantifi, to be its director of financial engineering. Kelly will report to Tej Sidhu, senior vice president of engineering.Kelly fills a position left vacant since January 2012 when Amir Khwaja left after serving as director of risk management and financial engineering for seven years, officials say. Kelly will be in charge of expanding the financial engineering team. Over nearly two decades, Kelly has worked as a trader, quant and technologist. At Quantifi, Kelly was responsible for quantitative and technical staff that provided pricing and risk solutions to global banks, asset managers, hedge funds and insurance companies.
Before Quantifi, Kelly was a senior trader on Citigroup’s cash value added (CVA) desk and was formerly head of the global analytics group at JPMorgan Chase, where he also designed and developed the first CVA pricing and risk management system for the credit portfolio trading desk. Kelly has also worked for a hedge fund as a chief risk officer, where he defined and implemented risk management processes and systems.
FTI Consulting Builds European Team
Advisory firm FTI Consulting has appointed two regulatory consultants—Jeannette Lichner and Charles Ilako—to co-lead the firm’s governance, risk and regulatory offerings in Europe, the Middle East and Africa (EMEA).
Lichner has joined FTI Consulting as senior managing director from her post as a director at Promontory Financial Group, providing regulatory consulting services to a range of financial services clients. She has more than 25 years’ experience in financial services having worked in finance, operations, investment banking and human resources for Deutsche Bank, JPMorgan and Morgan Stanley. She also served as Bank of America’s head of compliance and operational risk for EMEA & Asia.
Also joining FTI Consulting as a senior managing director, Ilako was most recently lead partner of the European regulatory compliance practice at BDO. He spent most of his career at PricewaterhouseCoopers, principally in the global financial services regulatory and compliance practice and served as the global lead partner for several years, officials say. He also has been a senior advisor to the UK Financial Services Authority and BNP Paribas and was an executive director of the UK Pensions Regulator.
Analyst Firm Expands Into Financial Services
Mike Book,
senior director of sales, financial services division,
NSS Labs
NSS Labs, a research analyst firm with a testing laboratory, has appointed Mike Book as senior director of sales, financial services division. Based in the tri-state area of New York, New Jersey and Pennsylvania, Book will be responsible for business development initiatives for the U.S. and Canada. Book will be working with Dr. Ken Baylor, a research vice president who has worked extensively in bank security, IT security and regulatory compliance. Before NSS, Book was national director of sales at Archimedes Systems and Convergent Retirement Plan Solutions, and held senior level sales positions with two of the nation’s leading retirement service outsource provides, BISYS Retirement Services and Universal Pensions.
BI-SAM Appoints Former Eagle Sales Head
Asset management software provider BI-SAM recently appointed Sean Murray as head of account management and sales engineering for the Americas, officials say. BI-SAM makes the B-One solution for data management, performance measurement and attribution, risk management, GIPS, and client reporting.
Murray has joined BI-SAM from Eagle Investment Systems where he was the head of sales engineering. Before Eagle, he had customer-facing roles in sales engineering and professional services at companies such as DST International and Misys.
Based in Boston, Murray will oversee the integrated account management and sales engineering function and focus on current customers and on growing the new customer base in the Americas. The account management team serves as advocates for customers.
Capco Grows UK Practice via Promotions
Financial services consultancy Capco has promoted Simon Brownlee, James Curzon, Steven Hargreaves and Kim Sgarlata to join its team of 12 partners in the UK practice, officials say. The UK practice encompasses banking, capital markets, financial risk and compliance, insurance and wealth and investment management.
Brownlee has more than 13 years’ experience in front office IT strategy, post-merger integration and finance transformation programs; he works in Capco’s capital markets along with Hargreaves who has 14 years’ experience in the space, including more than five years leading global strategic change management teams in equity derivatives, collateral management and securities.
Sgarlata is also in the capital markets practice and has been working on large-scale derivatives change programs for more than 11 years. She focuses on target business and operating models, post-merger integration and the establishment of counterparty portfolio management functions.
Curzon, has more than15 years’ expertise in delivering business/IT transformation across the retail banking, insurance and cards/payments industry and is part of Capco’s banking team.
Panopticon Hires from QlikTech
Real-time visual data provider Panopticon Software, based in Stockholm, Sweden, has hired Nadeem Chowdhry from business intelligence vendor QlikTech to be Panopticon’s senior vice president in the UK, officials say.
Chowdhry, who had been sales director of financial services for QlikTech, will build upon his years of selling business intelligence and big data visualization systems to global financial institutions to lead Panopticon’s UK sales efforts. Chowdhry has 20 years of experience in selling enterprise software to global organizations. Since 2005, his efforts at QlikTech landed sales of the QlikView system at HSBC, Deutsche Bank, JP Morgan, Morgan Stanley, Bank of America Merrill Lynch, and RBS.
“The traditional, old way of doing things using a BI model is simply inadequate given how fast market conditions can change. New regulation is also pushing the banks to adjust their thinking,” Chowdhry said in a statement.
Knight Capital Europe Ops Head Moves to Rule Financial
Emily Cates, the former head of London operations from Knight Capital Europe, has joined consultancy Rule Financial as a principal consultant in the domain group, officials say. She will be based in Rule’s London office.
Cates, who worked for 18 months at Knight Capital Europe, has more than 18 years of experience in securities financing, prime brokerage, equities, fixed income and structured trades. Before Knight Capital Europe, Cates served for eight years at Dresdner Kleinwort, most recently holding the position of global head of client and cross-products services. She also spent four years at Credit Suisse in the post of vice president strategic change management and prime banking.
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