Fortunova Swaps Nomura for BNPP?
Market sources say that Ralitza Fortunova has left her role as executive director, electronic markets at Nomura in New York. She is believed to be taking the role of head of e-FX sales for the Americas at BNP Paribas in New York.
Fortunova joined Nomura in November 2009 (Squawkbox, December 14, 2009) from JP Morgan in New York, where she was a VP in its global rates and FX e-commerce business for almost six years. Prior to JP Morgan she worked for two years in the e-commerce team at GFI Group.
A spokesperson for BNP Paribas declined to comment on the report.
RJ O’Brien Appoints deMatteo
Julie DeMatteo has joined RJ O’Brien as managing director, asset management. She has nearly three decades of experience in futures across various disciplines, frequently involved in structuring products as well as supporting and creating alternative investment vehicles and asset management solutions for clients.
RJO chairman and CEO Gerald Corcoran says, “Julie will be a terrific asset to the firm, helping us leverage our already strong managed futures offering and infrastructure by broadening the product partnerships, establishing new specialised products and lining up new distribution arms for the investment vehicles. This will be an important effort in our global growth strategy as we move forward.”
DeMatteo adds, “RJO already has in place the critical building blocks that most firms aspire to establish. Now, it’s a matter of taking that offering to market in a meaningful way and deploying the talented team in place to build on its history of success.”
The firm says that one area of focus will be to explore establishing new products focused on specialised areas, such as foreign exchange and commodities.
DeMatteo joins from Barclays, where she served as director, prime services since 2010. In that role, she was responsible for establishing and expanding the firm’s footprint in the managed futures sector, as well as working closely with the structured products group to create and market futures-linked products.
As executive director of business development at AlphaMetrix from 2008 to 2010, DeMatteo established and maintained relationships with distribution partners that included some of the world’s largest investment firms, the firm says. She also identified and developed business opportunities geographically and by market sector and led the strategy for capturing new markets and distribution arms.
She served as president and CEO of UBS Managed Fund Services from 2005 to 2008, establishing the division and a team as well as platform to deliver specialised services to managed funds clients and partner with other UBS divisions to provide an integrated managed futures offering on a global basis.
Lam Leaves CME
KC Lam has left CME Group where he was head of FX products for Asia.
The departure is linked to a rationalisation of roles by CME in Asia, a spokesperson for the firm says, “As part of our efforts to optimize our business line resources and structure ourselves as efficiently as possible, we have made the decision to change our FX and Interest Rates coverage in Asia, combining both roles into a single role in Asia covering Financials in the region.”
The spokesperson adds that CME plans no further staff changes and that it continues to hire in the region. Lam’s plans are unknown at this stage.
BTIG Adds Two in FX
Trading and brokerage services provider BTIG has hired two to its FX team. Jack Wagg and Joseph Acosta have joined the global FX desk which is headed by Alan Circle and Martin Ferrago.
Wagg joins as a senior vice president and sales trader, having worked at Newedge USA from 2002 to 2011, managing an overnight trading desk. Prior to Newedge USA, he worked as the Asia shift desk manager for Prudential Securities in New York. Prior to Prudential, Wagg also worked as a trader at two hedge funds, Caxton Corporation and MLC Investments.
Acosta also joins as SVP and sales trader. From 1999 to 2012, he worked as a director at QFS Asset Management, trading that firm’s currency, global macro and fixed income models. Prior to QFS,he Joe worked as a senior trader on the FX desk at Bankers Trust.
Anton LeRoy, head of FICC at BTIG, says, “With the increasing importance of FX to our institutional clients, we hope to announce additional hires later this year. We see foreign exchange as a natural extension of our firm’s offerings and believe that we can offer best-in-class-service with anonymous execution via our established network of interbank relationships and non-bank liquidity providers.”
Liber Joins TraderTools
Gabriela Liber has joined TraderTools as sales director. Based in London, Liber will report to John Geraci, chief customer officer at TraderTools’s New York headquarters.
Liber was most recently at Credit Suisse, London where she was VP e-FX Sales since July 2010. Prior to that she served one year as business development and sales manager, e-FX Options Interbank at Thomson Reuters, London, and three years as manager, institutional sales at Saxo Bank. Previously, she held related roles at the London offices of Merrill Lynch International and Prebon Mashall Yamane.
O’Connor Appointed Chair of ISDA
The board of directors of the International Swaps and Derivatives Association has appointed Stephen O’Connor as full-time chairman.
In this position, ISDA says O’Connor will “continue to take a leading role in derivatives industry reform while assuming a more active, hands-on involvement in driving ISDA’s strategic initiatives”.
The association adds, “The pace and scope of those initiatives continues to increase given global regulatory reform and the continued evolution of the financial markets and the OTC derivatives business. To address these needs, the decision was made to appoint a full-time chairman who could devote more time and energy to directing and leading the Association.”
O’Connor joins ISDA full-time after serving as a member of its board since 2008 and as the chairman of the board since April 2011. During this time, he was a managing director at Morgan Stanley, which he joined in 1988. During his 25-year career with Morgan Stanley, O’Connor held a number of senior positions in regulatory reform strategy, clearing and counterparty risk management.
“ISDA’s mission, leadership and activities have never been more important in building safe, efficient markets for all users of derivatives,” O’Connor says. “I look forward to a more active role in working with ISDA CEO Bob Pickel and the ISDA team to address the important issues facing our markets.”
Robert Pickel, ISDA CEO, adds, “Steve and I have worked closely together since he joined the ISDA board five years ago. His strategic counsel and leadership on a range of issues, and the effective relationships he has developed with senior policymakers, have been invaluable. His expanded role at ISDA will be of great benefit to the Association and our members.”
Slade Joins MarketPrizm
Infrastructure services provider MarketPrizm has appointed Andy Slade as business development director for Asia-Pacific (ex-Japan).
Based in Singapore, Slade will have responsibility for sales outside Japan, reporting to Jay Hibbin, MarketPrizm’s commercial director, and joins from Dion Global Solutions, where was most recently managing director of the Asia-Pacific region. Prior to this, he was COO at Managed Information Group and head of managed services at Misys.