In other People Moves, a key regional director is leaving the SEC, BNP Paribas hires from Barclays and T. Rowe Price fills a key post.
Thomas Tapped to Become Global Chairman
Bill Thomas, chairman, KPMG International
William B. Thomas is the new chairman of KPMG International, succeeding John B Veihmeyer, who completed his term as Chairman and is retiring from KPMG, officials say.
Thomas, who will run the KPMG global network of professional services firms for a four-year term, has previously served as chairman of KPMG’s Americas region since 2014, officials say. He has been a member of the global board since 2009.
In addition, Thomas served as CEO and senior partner of KPMG in Canada from 2009 to 2016, officials say. In his 28 years with KPMG, Thomas has also held leadership roles in the Canadian firm and within KPMG International, and has served as an audit partner for prominent clients in a variety of industries.
KPMG offers audit, tax and advisory services, officials say. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative, a Swiss entity, and each KPMG firm is a legally distinct and separate entity.
Andrew Calamari to Leave SEC
The regional director of the SEC’s New York office, Andrew Calamari, is leaving after 17 years at the agency.
Since late 2012, he has “led a staff of approximately 400 enforcement attorneys, accountants, investigators, and compliance examiners, involved in the investigation and prosecution of enforcement actions and the performance of compliance inspections in the New York region,” according to a commission statement. The New York office has “responsibility for the largest concentration of SEC-registered financial institutions including more than 4,000 investment banks, investment advisers, broker-dealers, mutual funds, and hedge funds.”
Calamari also served as one of the inaugural co-chairs of the Division’s Broker-Dealer Task Force, “a national task force formed in late 2013 to focus on current issues and practices within the broker-dealer community and to develop national initiatives for investigations,” per the commission.
Prior to his tenure at the SEC, Calamari spent nearly 15 years in private law practice, including as a litigation partner at Donovan Leisure Newton & Irvine, according to the commission.
BNP Paribas Hires from Barclays for Head of U.K. Corporate Banking
Matthew Ponsonby, head of U.K. corporate banking, BNP Paribas
French banking giant BNP Paribas has appointed Matthew Ponsonby head of U.K. corporate banking, a newly created position in its corporate and institutional banking unit.
Ponsonby will be “responsible for managing the corporate business of the BNP Paribas Group in the U.K. and for spearheading its expansion,” according to a statement. “He reports to Anne Marie Verstraeten, U.K. Country Head, BNP Paribas Group and Yannick Jung, Head of EMEA Corporate Clients, Financing and Advisory.”
Ponsonby “brings more than 30 years’ experience in financial services, in particular investment banking, equity markets and M&A,” BNP Paribas says in the statement, which notes that he has “advised on transactions worth more than GBP350bn over the course of his career, including some of the largest transactions in EMEA. He joins from Barclays investment bank where he served from 2009-2017, most recently as vice-chairman and global co-chief operating officer of banking.
Prior to this, Ponsonby worked for Citigroup where he held various senior positions including head of European utilities, head of the advisory group in Japan, and global head of infrastructure investment banking, officials say. He has also held positions at Deutsche Morgan Grenfell and Andersen Consulting.
In 2017, BNP Paribas celebrates its 150th year of operation in the U.K., according to bank officials. “BNP Paribas UK Corporate Banking comprises relationship coverage, corporate debt, advisory, trade and treasury teams,” officials add.
Delivorias Joins T. Rowe Price Retirement Plan Services
Rowe Price reports that it has hired Linda Delivorias as a senior defined contribution (DC) strategist in the firm’s full service defined contribution plan record-keeping business.
In her new post, she will “consult with key institutional relationships on a variety of plan governance, plan design and fiduciary policy matters and will partner across the business to enhance T. Rowe Price’s client engagement model,” according to a statement, which notes that she will also “serve as a subject matter expert and DC industry thought leader for the firm.”
Most recently, T. Rowe Price says, she was a “partner with Mercer, with broad responsibilities in the DC and financial wellness areas,” leading a group “responsible for evaluating plan sponsor retirement program design and governance structures, conducting service provider evaluations and searches, and developing intellectual capital and training materials on various 401(k) topics. She consulted for several Fortune 100 companies during her tenure at Mercer. Earlier in her career, she worked at Deloitte as an employee benefits tax manager and as an ERISA attorney at prominent Washington, D.C. law firms.”
Baltimore-based T. Rowe Price Group, Inc., founded in 1937, is a “global investment management organization with $934 billion in assets under management as of August 31, 2017,” the firm says. “The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.”
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