Trading Places: Euronext Sees Shakeup, Banking Hires Grow

Monday, December 12

Bryan Seegers, ADS Securities

Abu Dhabi-based broker ADS Securities promoted Bryan Seegers last week, the company’s former Director – Head of eFX Pricing & Execution, to the role of Co-Head Global eFX Coverage. In his new role, Seegers will co-head the group’s responsibility for relationship management, client services, sales trading and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management across the globe.

Anders la Cour, Saxo Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term

Saxo Payments saw its co-founder and Chief Executive Officer Anders la Cour appointed to the Emerging Payments Association (EPA) Advisory Board for 2017. La Cour was considered a strong candidate to bring a new perspective to the EPA Advisory Board after being named Emerging Payments Entrepreneur of the Year last October.

Tuesday, December 13

Maria João Carioca, Euronext

Euronext announced that Maria João Carioca, CEO of Euronext Lisbon and member of the Managing Board of Euronext, has resigned after being asked by the Government of Portugal to join the Management Board of Caixa Geral de Depósitos (CGD). Maria João accepted the offer, pending all regulatory approvals by the relevant authorities.

Burkhard Varnholt, Credit Suisse

Credit Suisse Group AG made a new senior level appointment on Wednesday, promoting Burkhard Varnholt as its newest Chief Investment Officer (CIO), who will succeed Anja Hochberg. Mr. Varnholt will serve as the CIO of its Credit Suisse’s Swiss unit and his appointment will begin only on January 1, 2017. He will be assuming the mantle of responsibility for its investment capabilities across the International Wealth Division.

Wednesday, December 14

David Solomon, Harvey Schwartz, Goldman Sachs

Goldman Sachs has shaken up its senior leadership, instigated in part by the resignation of Gary Cohn, who will be joining the new Trump administration. The US lender subsequently has opted to appoint new co-presidents and co-COOs in the wake of the move.

Thursday, December 15

Olivier Vinciguerra, Calypso Technology

Calypso Technology Inc. announced its newest senior hire last week, adding Olivier Vinciguerra as its Managing Director of Sales in Northern Europe. The hire comes during the same week in which Calypso announced its plans to begin an aggressive recruitment round after booking 20 new clients in 2016.

Kevin Lam, Citigroup

Citigroup Inc (NYSE:C) made a new senior appointment in its Asia-Pacific (APAC) unit, tapping Kevin Lam as its newest Business Development Head in the region. In his new role Mr. Lam will be reporting to the lenders’ Head of Corporate and Investment banking – APAC, Mark Slaughter, as well as Bassam Salem, Citigroup’s Private Bank CEO – APAC.

Friday, December 16

Ian Macfarlane, ANZ

Australia and New Zealand Banking Group (ANZ) today announced that its Non-Executive Director and former New Zealand Reserve Bank governor, Ian Macfarlane, will retire at the conclusion of the 2016 Annual General Meeting, ending a ten-year tenure with the ANZ. Mr. Macfarlane was made a director back in 2007 following his retirement from the RBA governorship after a 10-year stint.

Adrian Bult, Swissquote

Swissquote’s Adrian Bult, a member of the board of directors, decided to step down from his position after eight years. Mr. Bult will however remain on the board of directors for an additional six months but will not seek re-election at the next annual General Meeting on May 12, 2017.