In other People Moves news, NEX Group has a new non-executive board director, Wolters Kluwer hires an Ex-Citi MD, and the SEC has a new chief of staff.
Torstone Reports More Demand in Europe
Torstone Technology, a provider of post-trade securities and derivatives processing, reports the appointment of Paul Phillips as head of European sales and Paul Mundy as product manager, both based at the firm’s London headquarters.
These appointments are a response to “increased demand among Torstone’s client base who are required to enhance their post-trade processes to meet increasing regulatory requirements in the UK and Europe,” Torstone says in a statement.
Phillips joins with “over 20 years’ experience in financial services technology, most recently as Head of Strategic Business Development and Key Account Management, EMEA, at Fidelity National Information Services (FIS). Prior to this, [he] held a number of senior roles globally with SmartStream Technologies and DST Systems.”
Mundy joins “from Broadridge Financial Solutions, where he was responsible for managed asset servicing solutions,” Torstone says. “Prior to this, [he] worked at Barclays Investment Bank overseeing asset services operations and technology solutions, and Smartstream Technologies as a senior consultant on corporate actions and reconciliations.”
Torstone Technology is headquartered in London, with offices in New York, Japan, Hong Kong and Singapore.
NEX Group Appoints Anna Ewing to be Non-Executive Board Director
NEX Group plc, a financial technology company, reports that Anna Ewing has been appointed to its board as a non-executive director, as well as to its risk committee.
Ewing most recently worked for Nasdaq, which she joined in 2000, spending 15 years there, NEX says in a statement, which also notes that she held “several senior executive posts” at Nasdaq, including chief information officer, with responsibility for the “strategic planning, delivery and operational support for all Nasdaq technology systems and infrastructure.”
Ewing also created the Global Technology Solutions division, a dedicated technology and software business unit for market technology and corporate intelligence solutions for capital markets, officials say.
Prior to Nasdaq, Ewing, also a member of Astia Angels which invests in high-growth businesses led by female entrepreneurs, worked for CIBC World Markets, and spent 15 years at Merrill Lynch in a variety of technology and operations leadership roles, per NEX, which calls her a “strong advocate of advancing STEM (science, technology, engineering and mathematics) education and entrepreneurship … [who] currently serves on the boards of the New York Hall of Science and the Nasdaq Entrepreneurial Center.”
Ex-Citi MD Joins Wolters Kluwer as Strategy Head for Business Unit
A former managing director at Citigroup, Rajat Somany, has joined vendor Wolters Kluwer’s finance, risk and reporting business as global head of strategy, product and platform management — a newly created role, officials say.
Somany, who is based in London, has for the past 12 years held a variety of senior management roles as a managing director at Citigroup, with international assignments spanning Europe, Asia-Pacific and the U.S., officials say. He has more than 25 years of strategy, technology and operational management experience in the global financial services sector.
At Wolters Kluwer, he will have global responsibility for all aspects of strategy, product management and platform profitability, officials say. Somany will report directly to Clive Pedder, executive vice president and general manager of Wolters Kluwer’s finance, risk and reporting business unit.
“Regulators are demanding greater integration across business processes at banks and faster reactions to changing regulation,” Somany says. “Siloed approaches are, as a result, a thing of the past, and this is where Wolters Kluwer can help banks adapt.”
SEC Gets a New Chief of Staff
SEC officials report that Lucas Moskowitz has been named the agency’s chief of staff.
Moskowitz has been chief investigative counsel of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, “where he led the Committee’s investigative and oversight activities in connection with a wide variety of banking, securities, housing, and insurance matters,” the SEC says.
“Before joining the Senate Banking Committee staff, [he] served as a counsel on the Financial Services Committee of the U.S. House of Representatives, where he worked on legislative and oversight matters to strengthen U.S. capital markets and promote capital formation,” according to the SEC.
Previously at the SEC, Moskowitz was a counsel to former Commissioner Daniel Gallagher, “advising him on domestic and international policy issues and regulatory matters,” according to a commission statement, which notes also that he was an attorney in the division of enforcement.
Most recently, he was a managing director at Patomak Global Partners, where he “provided consulting services to financial services firms and public companies on regulatory and compliance matters,” per the commission. He also “practiced securities law in the Washington, D.C. office of Wilmer Cutler Pickering Hale and Dorr LLP.”
His “background in both the public and private sectors has given him valuable experience in all three areas of the SEC’s core mission,” SEC Chairman Jay Clayton says in the statement. “As we have walked the floors of the Commission’s headquarters in Washington, the reception Lucas has received has made it clear that he will be a valuable addition to the dedicated and professional staff here at the SEC.”
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