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On the Move…

Nymex. BNY Mellon, Eurobase, ANZ…

CME Cuts 150 Nymex Positions

CME Group says 150 positions will be eliminated over the next 18 to 24 months at the former Nymex Holdings as the companies integrate.

Nymex will continue to operate at its existing headquarters in New York, where the majority of its 400 staff are based. The affected individuals were informed last week.

BNY Mellon Builds Out Middle East Team

The Bank of New York Mellon (BNY Mellon) is expanding its client management group in the Middle East and Africa (MEA) region.

Janet Johnstone joins the Dubai branch as chief administrative officer for MEA. Hamed Abu-Zaher will cover Saudi Arabia, Qatar, and Bahrain as the Dubai-based client executive and country manager. In Abu Dhabi, Rajai Ayyash takes on the role of client executive and country manager for the UAE, Oman and Kuwait, and manager of the Abu Dhabi representative office.

Eurobase Brings In Technology Director

Foreign exchange technology vendor Eurobase Banking Solutions has appointed Timo Kramer to the newly created position of technology director.

Kramer has a background in software development, consultancy management and business analysis in the financial sector and has worked at Deutsche Bank and Dresdner Bank.

ANZ appoints Asia Pacific chief risk officer

ANZ has appointed Nigel Denby as chief risk officer, Asia Pacific. Denby joins from Nomura where he was regional head for risk management and credit for Nomura Asia.

Denby will start on 3 November and will be based in Hong Kong. He will report to ANZ chief risk officer Chris Page and Asia Pacific chief executive Alex Thursby.

Tolman Joins Beta-Gamma

Howard Tolman has joined Beta-Gamma Research, a company that develops algorithmic and automated trading systems, as CEO. Tolman was last at Cognotec as director of automated trading, prior to that he spent many years in the FX market trading at Bankers Trust, Dresdner Bank and Bank of America.

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