SEC Names Head of Trading and Markets Division
The SEC has named Stephen Luparello, a former FINRA vice chairman, as director of its division of trading and markets, replacing John Ramsay, the acting director who is leaving this month after three and a half years of service, SEC officials say.
Ramsay, who was appointed deputy director of the division in September 2010 and has served as acting director since December 2012, is returning to the private sector.
The SEC division oversees standards that govern broker-dealers, credit rating agencies, transfer agents, and self-regulatory organizations such as stock exchanges, FINRA, and clearing agencies.
Luparello joins the SEC from the law firm of WilmerHale, where he has been a partner in its Washington, D.C. office, specializing in broker-dealer compliance and regulation, securities litigation, and enforcement, officials say. Luparello joined WilmerHale after a 16-year career at the FINRA and its predecessor, the National Association of Securities Dealers, where he most recently served as vice chairman of FINRA.
As FINRA vice chairman, Luparello ran its examination, enforcement, market regulation, international, and disclosure programs. He helped create FINRA’s Office of the Whistleblower and its Office of Fraud Detection and Market Intelligence, and led the development of its Order Audit Trail System (OATS) and SONAR, technology used to monitor securities markets and detect suspicious trading.
In addition, Luparello joined the NASD in 1996 as vice president in the Office of Disciplinary Policy and was named head of its market regulation department in 1999. Officials say. Before that, he was the chief of staff to then-CFTC Chairman Mary Schapiro. He also spent nine years at the SEC, serving as branch chief in the Office of Inspections in the Division of Market Regulation, now the Division of Trading and Markets.
During his tenure, Ramsay led many rulemaking initiatives, including the adoption of the Volcker Rule and rules to implement the derivatives reform provisions of Dodd-Frank. He directed the division’s response to major market events, participation in global regulatory initiatives, and the development and implementation of analytical tools for market oversight.
Compliance Science Appoints Chief of Product Strategy
Scott Bieker, chief of product strategy, CSI
Compliance Science, Inc. (CSI), a vendor of governance, risk management and compliance solutions, has appointed Scott Bieker, a former product development director at Advent Software, to be chief of product strategy, officials say.
Biker was director of product development and management at Advent from 2006 to 2013, officials say.
For CSI, Bieker will run product strategy for the vendor’s suite of solutions, including the Personal Trading Control Center, C-TRAC and CSI – DOCVAULT systems, officials say. CSI officials say Bieker`s hiring is intended to help accelerate product development as CSI expands into new and global markets.
At Advent, Bieker was responsible for overseeing the strategic direction of the company`s revenue management software, while expanding the product`s user base, officials say. Before Advent, Bieker founded East Circle Solutions, Inc., a revenue management application vendor with a user base of more than 100 investment managers. He previously worked at Advent Europe and in Goldman Sachs`s Private Wealth Management business.
Capco Bolsters Human Capital Team
Business and technology consultancy for financial services Capco has made two senior hires to its Human Capital team — Amy Brodsky, director, leadership and development and employee engagement, and Mary Keller, director, workforce planning, for its North America team, officials say. The new hires will support Capco’s ongoing recruitment drive throughout the region.
Brodsky, a human resources management and consulting veteran, will lead human capital strategy and development, a new function within the Human Capital group, and will oversee the North American leadership and development team, officials say.
Keller also has a new function, Workforce Planning, which includes recruiting and resourcing. He will be responsible for the core base recruiting team in North America. She has more than 25 years of experience in various HR disciplines, including those for blue chip and start-up organizations.
Options Launches Central London Office
Options, a private financial cloud provider, has launched an office in London’s West End, which is the second London location for the vendor, officials say. Options expects to hire additional senior sales and business staff over the coming months who will be based in the Berkeley Square office.
The office at 1 Berkeley Square will be dedicated to client support, account management, business development and sales, officials say. The new office will complement Options’ existing London office in Wimbledon.
The move to central London is part of a global initiative to move Options’ sales and support teams closer to key customers and follows a year in which the firm expanded its Midtown office in New York to 100 Park Avenue and opened a further office in Chicago, officials say.
The West End location is within 10 minutes walking distance of most of Options’ central London clients, which will allow for more interactions between Options engineers and account management teams, officials say.
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