In other People Moves news, CloudMargin fills a key technology post, the CEO of TriOptima steps down, and Droit hires a development executive.
Ann Shuman, general counsel, DTCC
Post-trade infrastructure provider DTCC has promoted Ann Shuman from the post of DTCC managing director and deputy general counsel to the position of general counsel for the company, as of February 1, officials say.
Shuman replaces Larry Thompson, who is stepping down to serve full time as vice chairman of DTCC, a post he has been partially covering since 2015, officials say. Thompson will manage DTCC’s public policy engagement with regulators and lawmakers globally, serve as a senior advisor to the DTCC and act as a chief spokesperson, officials add.
In her role as general counsel, Shuman will be responsible for advising senior management and the DTCC board of directors on legal and regulatory matters. She also has joined the firm’s management committee and continue to oversee its global legal team, officials add.
Shuman, who has been with the DTCC since January 2014, served previously as managing director and deputy general Counsel of the CME Group, officials say. Before joining the CME Group in 2000, she worked as an attorney for Sidley & Austin in Chicago.
Thompson joined the DTCC as associate counsel in 1981, and was elected vice president and deputy general counsel in 1991, senior vice president in 1993, general counsel of the DTC in 1999, managing director and first deputy general counsel of DTCC in 2004, officials say. He was named to his position as general counsel for the DTCC in 2005.
CloudMargin Names New CTO
CloudMargin, the creator and purveyor of a cloud-based collateral and margin management solution, reports the appointment of industry veteran Filipe
Filipe Rodriquez, CTO, CloudMargin
Rodriquez as the new chief technology officer (CTO).
Rodriquez will be based in the London headquarters and will report directly to CEO Steve Husk.
Rodriguez joins CloudMargin with more than 15 years of experience in development and technology innovation across various business sectors, the company says, having developed Web applications for the London Symphony Orchestra, DHL, Bacardi Limited and Roche. Most recently, he “headed the tech team” at WeSwap, CloudMargin notes.
CEO of TriOptima Steps Down
Per Sjöberg, departing CEO, TriOptima
Per Sjöberg, TriOptima CEO, “has decided to leave the business to pursue other ventures,” according to a statement from NEX Group, formerly ICAP. TriOptima operates within NEX Optimisation, the statement notes.
Sjöberg “saw TriOptima grow from its roots in Stockholm when it was a seed of an idea, to a market leading, global business,” Michael Spencer, CEO of NEX Group, says in the statement, saluting the departing TriOptima CEO.
Stuart Connolly, who joined NEX Optimisation as head of client product development in November 2016, will replace Sjöberg as CEO of TriOptima, subject to approval by Sweden’s Financial Supervisory Authority, per the statement. “Prior to joining NEX, Stuart spent 18 years at Goldman Sachs where he held a number of leadership positions, most recently as Managing Director of the Securities division and Head of EMEA Derivatives Clearing Services.”
NEX Optimisation offers cloud-hosted services across the transaction lifecycle, the statement also specifies.
Droit Hires Sales and Business Development Exec
Keith Tippell, head of sales and business development, Europe, Droit
Droit Financial Technologies has appointed Keith Tippell to run sales and business development, the first “among a series of hires planned for early this year,” the company says, noting that he will “help expand the firm’s footprint across the entire spectrum of sell-side and buy-side financial institutions.”
Tippell joins from SWIFT, where he was managing director, head of securities and FX markets, Droit officials say. also notes that, previously, he worked for eight years at Markit, serving as managing director, product management and business development in the MarkitSERV division.
Tippell’s appointment is “key to our European expansion,” Satya Pemmaraju, CEO of Droit, says in a statement.
Droit, which was founded in 2012 and characterizes itself as a “New York-based financial technology firm focused on providing enterprise solutions for OTC derivative trading processes,” notes also that it “recently moved into new London offices at Austin Friars, following a $16 million Goldman Sachs-led Series A financing round in October last year.”
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