The SEC, the Financial Technology Partners investment bank, and BNP Paribas Securities Services also report recent People Moves.
Acting Superintendent Takes Permanent Post
The New York State Senate has confirmed Maria T. Vullo to be superintendent of the New York State Department of Financial Services (DFS).
As superintendent, Vullo, who has been acting superintendent since being nominated by Governor Andrew Cuomo to head the department last February, is “responsible for regulating more than 1,500 insurance companies and nearly 1,600 banking and other financial institutions,” the DFS says.
Prior to DFS, Vullo was a litigation partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP. Before that, she was executive deputy attorney general for the economic justice division in the office of the New York State Attorney General, headed at the time by Cuomo.
While working in the Attorney General’s office, Superintendent Vullo oversaw the bureaus of investor protection, antitrust, real estate finance, consumer frauds and Internet and “led numerous investigations to protect investors and consumers from fraud and unfair practices,” according to a DFS statement.
SEC Names Co-Chief of Asset Management Unit
The SEC reports that C. Dabney O’Riordan has been named co-chief of the division of enforcement’s asset management unit, which focuses on misconduct by investment advisers, investment companies, and private funds.
O’Riordan, currently an associate regional director in the SEC’s Los Angeles regional office, joins Anthony Kelly as co-chief of the unit and succeeds Marshall Sprung, who left the agency in April, the SEC says, noting that she has “investigated or supervised a number of significant enforcement cases addressing a wide variety of misconduct across the asset management industry and that touch on many of the unit’s priority areas,” including “advisers who misallocated private fund expenses.”
Financial Technology Partners Hires MD for NYC
San Francisco-based Financial Technology Partners (FT Partners), which characterizes itself as the only investment bank focused exclusively on fintech, reports that Stephen Stout, a fintech-investment veteran, has been named managing director for its New York office.
Stout was most recently the global head of strategy at First Data, where he was responsible for managing global strategy, business development projects and M&A, FT Partners says, noting that, “at First Data, he also spearheaded the Company’s IPO, which was the largest equity offering in the U.S. in 2015.”
Prior to First Data, Stout spent eight years as a senior investment banker at JPMorgan, according to FT Partners.
BNP Paribas Securities Services Fills Top Post for U.K.-Middle East-SA
BNP Paribas Securities Services reports the appointment of Patrick Hayes as head of the U.K., Middle East and South Africa.
Hayes, who was previously the managing director of international fund services Europe for State Street, based in Ireland, takes over from James McAleenan, who is retiring, according to a statement, which also notes that he spent more than 25 years at State Street in a variety of posts, including head of global markets operations.
Hayes will be based in London and will report to José Placido, head of financial institutions coverage (FIC) and global head of client development and strategy for BNP Paribas Securities Services, officials say.
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