IHS Markit, ISDA and Maitland also have People Moves news to share.
Cordium Taps PWC and FINRA
Michael Corcione, MD, cybersecurity and data protection, Cordium
Cordium, a provider of governance, risk and compliance services, has appointed Michael Corcione managing director of its cybersecurity and data protection consulting services.
Corcione joins from PricewaterhouseCoopers, where he was a director in the cybersecurity, privacy, and financial crimes unit, with a focus on asset management and alternative investment firms.
At Cordium, Corcione, a 20-plus-year veteran of the industry, will “help asset management and alternative investment firms to identify and manage potential cyber risks and threats as well as providing clients with regulatory and compliance support,” the company says in a statement.
In addition, Cordium has just announced that Stephen Squire has been appointed vice president, head of broker-dealer consulting, to help the provider expand its expertise and technology-driven service offering to broker-dealers, officials say.
Squire, who will be working out of Cordium’s San Francisco office, will be providing ongoing regulatory and compliance
Stephen Squire, VP, head of broker-dealer consulting, Cordium
support to firms in the broker-dealer and investment advisory industries. He will be advising clients on compliance-related matters, “especially as they pertain to the adoption and deployment of new technologies designed to facilitate the compliance process,” officials add.
Squire previously worked at the Financial Industry Regulatory Authority (FINRA) while attending law school. His resume includes work as the head of legal and compliance for a variety of broker-dealers and investment advisers, and tenures with several regional securities firms throughout the country. In 2013, he started his own consulting company providing legal and securities regulation consulting to a number of clients.
“Our staff are highly qualified and deeply experienced in conducting broker-dealer AML [anti-money laundering] independent testing, as well as providing consulting services that help clients create and maintain a robust AML program,” says Bill Mulligan, Cordium’s group president, in a prepared statement. “In today’s complex marketplace, strong AML controls are absolutely critical for broker-dealers that want to keep up with ever-changing regulations,” Mulligan says.
Cordium has offices in London, New York, Boston, San Francisco, Malta and Hong Kong. The firm employs just under 200 experienced professionals who support over 1,500 clients in the financial services industry.
IHS Markit Names MD for FX Business Development
London-headquartered IHS Markit, an information, analytics and solutions specialist, reports that Jane Hamilton has joined the firm as managing director of business development for FX.
Hamilton’s mandate is to expand Markit’s “portfolio of FX services and software, including recently-launched centralized services for trade affirmation, managing FX options, clearing and regulatory reporting,” the company says.
She joins from ICAP, where she was director of strategic alliances for U.K.-based Traiana for eight years, per Markit. “Prior to Traiana, she worked at Thomson Reuters, another provider of FX market technology and services,” officials say.
Markit tallies “more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500,” according to its statement.
ISDA Appoints EBRD Treasurer to Board
Axel van Nederveen, treasurer, EBRD
The International Swaps and Derivatives Association (ISDA) reports the appointment of Axel van Nederveen, treasurer of the European Bank for Reconstruction and Development (EBRD), to its board of directors.
“The appointment marks the first time a supranational institution has been appointed to the ISDA Board,” the association says in a statement, calling it the “latest step in an initiative to further broaden … scope and perspective by appointing members from diverse sectors of the market.”
At the EBRD, van Nederveen is “responsible for all liquidity investments, all borrowings, and the financial risk management of the EBRD’s balance sheet,” according to the statement, which notes also that the EBRD’s treasury has “over €20 billion [$22.3 billion] of assets under management.”
Prior to his newest appointment, he was EBRD’s deputy treasurer and head of asset and liability management.
Maitland Opens New York Office
Maitland, a privately owned advisory and fund administration service provider, is opening of a New York office.
For this latest expansion, Maitland, which tallies over 1,200 employees worldwide as well as $280 billion assets under administration, cites the “expanding need for experience navigating multi-jurisdictional legal, tax, fiduciary, investment and fund administration.”
The 40-year-old company maintains 16 offices located in 12 countries, per a statement, which points out that “New York will be the second Maitland office established in 2016, following the creation in May of a Miami office to serve a growing Latin America client base. The company now has six offices in regions across the Americas, including the Cayman Islands, British Virgin Islands, Nova Scotia, and Richmond, Virginia.”
Scott Price, Maitland’s north American head of business development and client management, will head the midtown New York office, which will include Chris Murphy as North America business development manager and Jeff Rhodenizer as client relationship manager.
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