In other People Moves, there are changes for Deutsche Asset Management, the ICDA, and the SEC.
Asset Control Names a New CEO
Asset Control, a financial data management company, reports the appointment of Mark Hepsworth as chief executive officer. Hepsworth, who will be based in London, has replaced Richard Petti who was appointed in 2013.
Before joining Asset Control, Hepworth was president, EMEA, at market data vendor Interactive Data Corp. (IDC), officials say. Prior to that, Hepsworth headed IDC’s pricing and reference data business, according to an Asset Control statement, which notes also that he began his financial services career at ACT Financial Systems (now part of Misys), then joined Comstock, Standard and Poor’s financial-information service, as managing director, EMEA. (The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), acquired IDC for $5.2 billion last year in a bid to offer data access via an integrated platform for analysis, valuation and connectivity globally.)
Deutsche Bank Makes Additions to its Management Board
Deutsche Bank reports that Nicolas Moreau will join the management board, where he will be responsible for Deutsche Asset Management.
Moreau joins from French insurance company Axa, where he has worked for 25 years, holding a variety of posts, including CEO of Axa Investment Managers, according to the bank’s statement. “Most recently, he was in charge of the insurance company’s activities in France and served as a member of the Group Management Committee,” the bank says. At Deutsche Bank, Moreau will be based in London and will initially receive a three-year contract. He will succeed Quintin Price who stepped down for health reasons.
In addition, Kim Hammonds and Werner Steinmüller will join the management board for initial three-year terms, per the statement.
Since the beginning of 2016, Hammonds as has been responsible for the bank’s technology and operations, including digital transformation, information security, data management and corporate services, according to the statement. She will remain group chief operating officer at Deutsche Bank.
Since 2004, Steinmüller has been head of Global Transaction Banking (GTB). Deutsche Bank officials point out that Steinmüller, who will be based in Hong Kong, will be the first management board member in the history of the bank to be based in the Asia-Pacific region.
ICDA Adds Two to Board
The International Commodities and Derivatives Association (ICDA) reports the board-member appointments of Dr. Stéphane Graber,
secretary general of the Swiss Trading and Shipping Association (STSA), and Dr. Paul Lynch, CEO of itarle, a provider of multi-asset algorithmic trading and analytics services for the sell side.
Previously, Graber was delegate at the economic development office, department of regional affairs, economy and health, of the State of Geneva. Prior to establishing itarle, Lynch was head of algorithmic trading at Citigroup.
ICDA characterizes itself as a professional, non-religious, non-political, not-for-profit association of institutions interested in and concerned with all aspects of the commodities and derivatives industries globally, based in Geneva, Switzerland.
SEC Names the Other Co-Head for the Investment Adviser Exam Program
Kristin Snyder has been named co-national associate director of the investment adviser/investment company examination program in the Office of Compliance Inspections and Examinations (OCIE), say SEC officials. Snyder joins Jane Jarcho as co-national associate director.
Jarcho has led the program since August 20, 2013 and was named OCIE’s deputy director on February 3, 2016, according to the SEC.
Snyder has been the associate regional director for examinations in the SEC’s San Francisco office since November 2011 “and will continue in that role” while also assuming the new leadership position in the national investment adviser and investment company program, SEC officials say. Snyder joined the SEC in 2003 and spent eight years as a branch chief and a senior counsel in the San Francisco office’s enforcement program. Before joining the SEC, Snyder practiced law at Sidley Austin Brown & Wood LLP in San Francisco.
OCIE officials conduct the SEC’s National Examination Program through examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies, and transfer agents.
Jarcho and Snyder will oversee more than 520 lawyers, accountants, and examiners responsible for inspections of SEC registered investment advisers and investment companies.
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