In other People Moves, FINRA’s top executive will retire and Fitch Ratings has a new chief compliance officer.
Maisonneuve Founds Financial Consulting Firm
Virginie Maisonneuve, founder, MGA
Virginie Maisonneuve, a former chief investment officer for equities at PIMCO, as the Pacific Investment Management Company is known, has founded Maisonneuve Global Advisors (MGA), where she is managing director.
Maisonneuve is also a director at London-based Notting Hill Digital, which specializes in advising companies about Internet technologies, and is the chair of the CFA Society U.K. women’s network, which focuses on gender diversity in investment.
MGA is an “independent researching management consulting boutique consulting firm designed to serve the financial industry through three poles of expertise”; namely, comment on key themes and market trends, support to asset managers as well as corporations in related fields, and public speaking, according to a statement.
Maisonneuve, an asset management veteran, worked most recently as PIMCO’s CIO for global equities. Prior to PIMCO, she was at Schroders as head of global equities, according to the MGA statement. And before that, “she held portfolio manager roles at State Street Research, Batterymarch and Martin Currie. In the early years of her career she worked as a consultant for the French Ministry of Foreign affairs in Beijing (China).”
FINRA Chairman and CEO to Retire in 2016
Richard Ketchum, chairman and CEO, FINRA
The Financial Industry Regulatory Authority (FINRA) reports that Richard Ketchum, 64, its chairman and CEO, has announced his intention to retire in the second half of 2016.
The FINRA board of governors will conduct a successor search that will consider both internal and external candidates, according to a FINRA statement
Ketchum, a regulatory veteran, joined FINRA from the New York Stock Exchange, where he was CEO of NYSE Regulation, FINRA notes. “He also spent 12 years at NASD and The Nasdaq Stock Market, Inc., where he served as president of both organizations. Prior to that, he was the director of the SEC’s division of Market Regulation.”
Ketchum focused on “FINRA’s achievements over the past six years,” in his own remarks in the FINRA statement. “Our accomplishments are founded on a commitment to excellence in our core competencies: examinations, enforcement, rulemaking, market transparency and market surveillance,” he says.
FINRA characterizes itself as the “largest independent regulator for all securities firms doing business in the United States … dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services.”
Fitch Ratings Names Chief Compliance Officer
Jeff Horvath, CCO, Fitch Ratings
Fitch Ratings reports the appointment of Jeff Horvath as chief compliance officer,
He will report to John Olert, chief risk officer, Fitch Group, according to a statement, and will be “responsible for developing global compliance strategy and directing and monitoring Fitch’s overall compliance program.”
Horvath joins Fitch from Deutsche Bank, where he spent 14 years at various compliance posts, in both the U.S. and Europe, Fitch notes. “Prior to Deutsche Bank, Mr. Horvath practiced securities and regulatory law with several law firms based in New York City.”
“Risk management and compliance are critical to the integrity of our ratings,” Paul Taylor, president and CEO of Fitch Group, observes in his statement welcoming Horvath.
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