Torstone Technology and CME Group hire to support efforts in Asia and the SEC names a chief counsel for its National Exam Program.
ISE’s Chief Information Officer to Retire in April
The International Securities Exchange (ISE) reports that Robert Cornish, its current chief technology officer (CTO), will move to the post of chief information officer (CIO) on the April retirement of current CIO Daniel Friel, while Thomas Reina, the current senior vice president, technology development, will become CTO.
Cornish, who has been with ISE since 1999, beginning as a technology consultant, has been in the CTO spot since March 2013, according to a statement.
Reina has been a member of ISE management, responsible for technology development, since 2007, according to the statement, which notes also that he joined ISE in 2001 from Citibank, with more than 15 years of prior software development experience in the financial and banking industries.
ISE Holdings, a part of Deutsche Börse Group, is the owner and operator of ISE, ISE Gemini and ISE Mercury, three electronic options exchanges.
Torstone Technology Plans Additional Expansion in Asia
Torstone Technology, a provider of post-trade securities and derivatives processing, reports the appointment of Gordon Russell to be head of sales and business development for Asia, based in Singapore.
The vendor positions the appointment and the launch of a standalone reporting module in Japan, as a further expansion in Asia, following previous appointments in Hong Kong and Singapore, announced in December 2015, all of which are “driven by the ever-evolving regulatory and compliance obligations” faced by its clients.
Russell is a financial services industry veteran, with more than 20 years of experience in financial services technology, most recently as global head of risk for vendor Broadridge, according to Torstone’s statement.
The new Japan reporting module will provide “full operational support to investment banks trading a wide range of asset classes including fixed income, equities and derivatives, who must comply with various reporting requirements mandated by the Bank of Japan, the Japan Financial Services Authority, the Tokyo Stock Exchange and the Japan Securities Dealers Association,” Torstone says.
Torstone Technology is headquartered in London and maintains offices in New York, Singapore and Hong Kong.
CME Group Names Associate General Counsel in Asia
CME Group, which oversees several derivatives trading venues, reports that it has appointed Eli Cohen as executive director, associate general counsel, Asia.
In his new post, Cohen is “responsible for legal and regulatory work for CME Group’s Asia Pacific local office operations, as well as legal work for local marketing and sales activities of CME Group’s exchanges, clearinghouse, data repositories and partner exchanges in the region,” according to a statement.
He will be based in Singapore and report to Adrienne Seaman, managing director and head of legal, EMEA and Asia.
Cohen is a 25-year veteran, has worked for several organizations “including Singapore Exchange, Euroclear, and the Asian Development Bank, across various legal and compliance roles in Asia and Europe,” CME officials say. “He has also worked at Baker & McKenzie in Chicago, Moscow and Washington. He joins CME Group from Singapore Exchange where he had been head of legal (regulation) for the last two and a half years.”
CME Group operates CME Globex, an electronic trading platform, trading facilities in New York and Chicago, London-based the CME Europe derivatives exchange, as well as CME Clearing and CME Clearing Europe.
New Chief Counsel of SEC’s National Exam Program
SEC officials report that Daniel S. Kahl has been named chief counsel for its Office of Compliance Inspections and Examinations (OCIE).
Kahl will “oversee a staff of 15 lawyers and advise OCIE’s leadership on legal, technical, and policy matters” concerning the commission’s National Exam Program (NEP), according to an SEC statement.
Kahl joined the SEC’s division of investment management in 2001 as a counsel and was later promoted to branch chief, the SEC says. “For the past five years, he has served as assistant director of the division’s Investment Adviser Regulation Office. Before coming to the SEC, he was an attorney at the Investment Adviser Association, FINRA, and the North American Securities Administrators Association.”
OCIE conducts the SEC’s NEP “through examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies, and transfer agents,” the statement notes, adding that the SEC “uses a risk-based approach to examinations to fulfill its mission to promote compliance with U.S. securities laws, prevent fraud, monitor risk, and inform SEC policy.”
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