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NFA Adds Four Swap Participant Members

The National Futures Association (NFA) has added four swap participant members to its board.

The election follows a unanimous vote in August last year when the board voted to increase the size and modify the structure of the board to integrate swap dealer and major swap participant members into the NFA’s governance structure.

In order to better-reflect the NFA’s expanding role in the oversight of the OTC derivatives market, seven swap participants will be added to the board, with the NFA expecting to elect the additional three by the end of the year.

On 16 May, the NFA board elected four individuals to fill the first seats in the swap participant category; Robert Burke, Charlotte McLaughlin, Philip Olesen and Don Thomson.

Burke is managing director and head of global OTC clearing at Bank of America Merrill Lynch, McLaughlin is president and CEO of PNC Capital Markets, Olesen is managing director and global head of credit trading at UBS Securities, and Thompson is managing director and associate general counsel at JPMorgan Chase.

NFA president and chief executive officer, Dan Roth, says, “One of the necessary elements for effective self-regulatory success is active member involvement. We look forward to the input provided by our four newest swap participant Board members.”

Abiola Joins BAML

Aki Abiola has joined Bank of America Merrill Lynch in London as a director in FX sales.

He reports to Iain Szucs, head of EMEA FX institutional sales, also based in London. He joins the bank from Credit Suisse where he was in FX sales.

AIMA CEO to Step Down

Andrew Baker, chief executive officer of global hedge fund industry association, the Alternative Investment Management Association (AIMA), will step down from the role at the end of 2013.

The body says that it is in the process of selecting a successor; Baker will remain in the role until a new CEO is appointed.

Baker has been in the role since early 2009, after serving as deputy CEO for two years.

Kathleen Casey, AIMA chairman, says, “The effectiveness of AIMA as a global organisation and its positive influence on international regulatory affairs is a tribute to Andrew's tenure as CEO. In particular, his strong leadership during one of the most tumultuous times facing our financial markets worked to further underscore AIMA’s role and reputation as an expert voice and effective advocate for the industry.”

Baker adds, “The last five years have been an extraordinary and extremely challenging period for the industry… We have significantly expanded our activities on behalf of the industry globally, particularly in the fields of regulatory, press and investor engagement, and are in robust financial and organisational health. We have also grown substantially the range of services we provide to our members, and our continued growth in membership since the crisis is, I believe, a testament to the effectiveness of our work for the industry.”

Leverate Hires Anzai

Leverate, which provides technology for the retail broking industry, is to open its fourth Asian office in Tokyo.

Kazuo Anzai has joined as regional sales manager of Japan. He was previously representative director and CEO at Alpari Japan and before that chief compliance officer at CMS Japan.

Misys Makes Wave of Appointments

Misys has made a number of appointments as the company nears the end of its first year of operating as a private company, including the appointment of Nadeem Syed as chief executive officer of the firm.

Syed joined the company in June last year as president and COO and has helped to manage Misys’s transition since its acquisition by Vista and merger with Turaz.
He takes on the position from Bret Bolin who will now serve as executive chairman and will sit on the board of directors.

Bolin says, “Over the past 12 months we have grown the software licence revenue and operating performance of the business by around 30% and 95%, respectively. This strong foundation sets us up well for future success and we are confident of maintaining that trajectory. I am pleased to hand over to Nadeem and am confident that he will build on this great first year as a privately-owned company to reinforce our leadership in international financial technology software.”

The firm has also appointed a new chief operating officer. Amanda Mesler has joined the leadership team and will be responsible for the Service and Support organisation. Mesler was most recently at CGI (formerly Logica) where she was part of the executive committee with joint responsibility for the overall operations, CEO business consulting and North America.

Misys has also announced the hire of Ashish Dass as the company’s new regional director for Middle East, Africa and South Asia. Dass was most recently at 3i Infotech, serving latterly as senior vice president and head of MEA.

Syed says of Dass’s hire, “We have grown significantly over the last year in this very important region for Misys. Ashish brings the right mix of experience, skills and regional knowledge to the company. He joins at an exciting time as we focus on growing the business in the region still further. He will help to spearhead the goal of providing rapid return on investment for our customers with innovative products and services to help them strengthen their operations and maintain their competitive edge.”

Armin Holst is re-joining the company as the new regional head sales director for Southern Europe, including German and Switzerland. Holst returns after working at Temenos, he says of returning to the firm, “I have been impressed with the revenue and profit growth that Misys has generated since becoming a private company. Now is a great time to continue that growth supported by strong investment, a very experience leadership team and high quality and innovative products.”

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