GFI Launches Mexican Office
GFI Group has launched operations in Mexico after its Mexican affiliate GFI Grupo Mexico, S.A. de C.V. met Mexican regulations, officials say.“We had been servicing our Mexican clients from New York for over 10 years and it is a pleasure for us to be able to service them locally,” says Nick Brown, GFI Group managing director and head of financial product brokerage the Americas, in a prepared statement. Headquartered in New York, GFI Group has offices in Peru, Argentina, Chile and Colombi
The process to open GFI Grupo Mexico began Sept. 4 last year when the Comisión Nacional Bancaria y de Valores granted GFI a license to operate in Mexico. The license authorizes GFI Grupo Mexico to work in derivatives, FX and fixed income in the local market. The new office will operate GFI’s electronic trading platform ForexMatch for FX derivatives, officials say.
ASPire Names Head of 403(b) and 457 Markets
Mark Luckinbill, head of 403(b) and 457 markets, ASPire
Retirement plan solutions provider ASPire Financial Services has hired Mark Luckinbill as head of 403(b) and 457 markets, officials say. The Luckinbill hiring underscores the firm’s commitment to greater presence in the non-ERISA segment. Luckinbill will focus on leveraging ASPire’s open architecture platform to address the growing demand from 403(b) and 457 plans, officials say.
“The retirement landscape is quickly evolving as 403(b) and 457 eligible employers are seeking the investment flexibility and transparency commonly found only in 401(k)s,” Luckinbill says in a statement. Luckinbill most recently served as the senior vice president for the Southeast territory at ING where he managed sales, service and distribution of 403(b) and 457 plans across 13 states. His team oversaw more than 200 advisors and over 2,000 distribution partners.
CFTC’s General Counsel to Leave at the End of March
Dan M. Berkovitz, general counsel, CFTC
Dan M. Berkovitz, general counsel for the CFTC will be leaving the regulator by the end of themonth after a 30-year career with the federal government, officials say. Berkovitz has served as general counsel since June 2009, and over the past four years has advised the regulator on a variety of legislative and regulatory initiatives such as guiding the chairman and commissioners during the passage and implementation of the Dodd-Frank Act. He has counseled and represented the commission on matters before Congress, the courts, and the public. Berkovitz has no announced plans.
After the passage of Dodd-Frank , Berkovitz led the legal review of every rulemaking presented to the CFTC to implement the act—55 proposed rules and 43 final rules, officials say. He also managed the legal defense of the commission’s rulemaking actions that have been challenged in federal district and appellate courts. Since 2011, he served as the chairman’s deputy to the Financial Stability Oversight Council. Prior to joining the CFTC, Berkovitz served as Counsel to the United States Senate Permanent Subcommittee on Investigations.
RBC Capital Markets Hires from Three Barclays
RBC Capital Markets, the corporate and investment banking arm of RBC, has appointed Michal Katz and Michael Carter as managing directors and co-heads of the U.S. technology investment banking group, officials say. They are reporting to Blair Fleming, head of U.S. Investment Banking and will be based in New York.
In another move, Erik-Jaap Molenaar joins RBC as a managing director in the mergers and acquisitions group focusing on the technology sector. Molenaar is reporting to Vito Sperduto, head of the U.S. M&A Investment Banking group, and will be based in New York.
Katz joins RBC from Barclays, where she was a managing director and head of the global software practice within the global technology investment banking group. Prior to Barclays, Katz was with Lehman Brothers where she held a similar role, officials say.
Carter also joins RBC from Barclays, where he was a managing director in the global technology investment banking group and head of the enterprise and information services sectors, where he advised multinational clients in strategic finance and mergers and acquisitions, officials say. Before Barclays, Carter was with Lehman Brothers in comparable roles.
Before RBC, Molenaar was a managing director in the technology mergers and acquisitions group at Barclays, where he advised clients on variety of merger and acquisition transactions including: corporate divestitures, sales and acquisitions, hostile, and cross border. Prior to Barclays, he was a senior member of the technology merger and acquisitions group at Lehman Brothers.
RBC also appointed Bruce Garner as managing director and head of metals, officials say. Garner will report to Bruce Macdonald, head of commodities and electronic trading and will be based in New York. Garner joins from Standard Bank in Singapore, where he was head of commodities. Prior to the post at Standard, Garner was head of commodities sales in Europe and the Americas for Deutsche Bank.
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