In addition, Liquidnet, Symbiont, the SEC and NEX Optimisation also have People Moves news.
Schroders Creates Head of Global Sales Position
Daniel Imhof, head of global sales, Schroders
Global asset manager Schroders has appointed Daniel Imhof head of global sales, a newly created position.
This new post “reflects the increasing complexity of clients’ needs and their requirement for specialist knowledge,” Schroders says in a statement.
Imhof, who will be based in London, will report to John Troiano, global head of distribution according to the statement.
He has 25 years’ experience at UBS Wealth Management, most recently as global head of portfolio specialists, where he was “responsible for the distribution of investment solutions and investment funds across client segments globally,” per the statement.
As of March 31, 2017, Schroders is responsible for £416.3 billion (€486.7 billion/$520.6 billion) of assets for its clients, officials say. The firm’s clients include institutions, intermediaries and individuals, and it has 41 offices in 27 countries across Europe, the Americas, Asia and the Middle East.
Liquidnet Taps Industry Veteran to be Non-Executive Director
Liquidnet, an institutional trading network, has appointed industry veteran Stephen Grady as non-executive director of Liquidnet Europe, officials say. Grady has more than 20 years of experience in managing trading functions.
Grady was recently appointed as head of market structure and strategy at Ipreo, and served as global head of trading of Legal & General’s investment management arm since 2012, officials say.
Prior to that post, Grady was head of global dealing at Barclays Wealth, responsible for the buy-side trading team for the active asset management division and sales trading for small institutions and individual clients, officials say. Grady also worked in Paris with Fortis Investments as head of global dealing.
Co-Creator of BFT-SMaRt Consensus Protocol Joins Symbiont Board
Symbiont, a maker of a smart contracts platform, has appointed Dr. Alysson Bessani, co-creator of the Byzantine fault-tolerant consensus protocol BFT-SMaRt, to its advisory board, officials say.
BFT-SmaRt, developed in 2014, was designed to address deficiencies in other BFT protocols such as PBFT. The Assembly decentralized log component of the Symbiont platform is based on the BFT-SMaRt consensus protocol, officials say. The vendor’s platform targets institutional applications of distributed ledger technology.
Bessani is an associate professor in the Informatics Department of Faculdade de Ciências da Universidade de Lisboa in Lisbon, Portugal. He is also a member of LaSIGE (Large Scale Informatics Systems Laboratory) group, where he is involved in several research projects with the Navigators team, officials add.
Departure in SEC’s Fort Worth Office
The SEC reports that David L. Peavler, associate director of enforcement in the Fort Worth, Texas regional office, is leaving after more than 15 years.
Peavler joined the SEC as a staff attorney and went on to become a branch chief and then an assistant director before being named associate director in November 2011, the commission notes in a statement.
Peavler “supervised a staff of more than 60 attorneys and other professionals responsible for investigating potential violations of the federal securities laws by a wide range of market participants,” according to the statement.
Enforcement actions taken by the SEC’s Fort Worth office during Peavler’s tenure include the following companies, according to the commission:
- Quest Resources Corp., whose former CEO and CFO were charged with misappropriating millions of dollars through undisclosed insider loans;
- Millennium Bank and its founder, who operated a $100 million international Ponzi scheme;
- Life Partners Holdings and its former senior officers, whom a jury found liable for fraud in connection with disclosures and accounting for life settlements. They were ordered to pay millions of dollars in penalties;
- KBR Inc. and SandRidge Energy, which each settled allegations arising from their use of improper non-disclosure agreements that inhibited employees from reporting fraud and misconduct to the SEC.
NEX Optimisation Names Chief Commercial Officer
NEX Optimisation, a transaction lifecycle specialist, reports that it has appointed Colin Murphy chief commercial officer.
The post incorporates head of sales for NEX Regulatory Reporting, NEX Optimisation says in a statement.
Murphy has more than 18 years of financial markets experience and joins NEX Optimisation from Goldman Sachs, where he was most recently managing director for securities lending and equity finance, according to the statement, which notes also that he will report to Jenny Knott, NEX Optimisation CEO, and will support Collin Coleman, head of NEX Regulatory Reporting.
NEX Regulatory Reporting, which launched in March 2017, “brings together several NEX Optimisation reporting services to help clients meet the challenges of MiFID II and many other regulatory regimes,” the firm says.
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