As we end September, we witness a slight decrease in the number of new executives being onboard this week in the forex, crypto, and fintech industries. Let’s review this downfall in the market with the executives who have taken on recent roles and challenges in our executive moves roundup of the week.

Executive Moves of the Week

SEC Appoints New PCAOB Board Member

The SEC has also announced the appointment of George Botic to the Public Company Accounting Oversight Board (PCAOB). The SEC's Chair Gary Gensler expressed his confidence that Botic will advance the PCAOB's mission to build trust in public companies' financial disclosures. Botic is looking forward to improving audit quality and investor protection.

"I am pleased that George will serve on the PCAOB Board," said Gensler. "George will advance the PCAOB's mission to build trust in the financial information that public companies disclose to investors. I also would like to thank Duane for his five years with the Board, including his service as Acting Chair."

Napier Expands Leadership Team with Four Female Executives

Napier, the compliance technology company based in London, has made a significant move by appointing four senior female leaders to its executive team. According to today's (Wednesday's) update, the company hired new senior management in the fields of strategy, customer service, marketing, and human resources.

Joanna Guthrie, the new Chief People Officer, is one of the four newly appointed executives, bringing a rich background in human resources from the financial services sector. Her experience spans roles at global banking giants like Citi and HSBC where she has broad experience in risk and compliance.

Guthrie officially joined the company in July 2023, having previously spent over nine years at HSBC's London office, the last five of which were as the Global HR Director.

Learn more about Napier increasing its executives with four new additions to the team.

Swissquote Names New COO as Lino Finini Is Going to Retire

Swissquote announced today (Wednesday) the appointment of Nestor Verrier, as the new Chief Operating Officer. He will replace Lino Finini, who will retire at the end of this year. Verrier will assume the role on January 1, 2024.

The appointment came as an internal promotion, as Verrier has been serving as Swissquote's General Manager since 2019, stationed at the Luxembourg office. Before joining the Swiss broker, he spent 16 years at Luxembourg's Banque Carnegie, where he joined as a Senior Analyst and parted as a General Manager with two other roles in between. He started his career as a Security Engineer in 2001.

Uncover more about Lino Finini taking up retirement as Swissquote names Nestor Verrier as its new Chief Operating Officer.

SmartStream Appoints Akber Jaffer as New CEO

SmartStream, a provider of Financial Transaction Lifecycle Management (TLM®) solutions, has declared that Akber Jaffer is its new Chief Executive Officer, effective from September 19, 2023.

Jaffer is a seasoned leader with a deep-rooted passion for technology and a strong commitment to client-focused execution. He brings a wealth of experience to his new role. Having held senior leadership positions at Finastra and Colt Technology Services, he is well-equipped to lead SmartStream into its next phase of growth and development.

Find out more about SmartStream recruiting Akber Jaffer as its new CEO.

JPMorgan Reshuffles Leadership in Investment Bank

JPMorgan Chase has undergone a significant leadership reorganization within its investment bank, as revealed in a memo obtained by Reuters. Fernando Rivas, who previously led the financial institution's group and played a pivotal role in the acquisition of First Republic Bank in May, is set to retire.

His successor will be Jay Horine who currently serves as the Global Industry Co-Head for energy, power, renewables, metals, and mining (EPRM). He will retain his existing position in addition to his new role as the Head of North American Investment Banking. Simultaneously, JPMorgan has appointed two Global Heads for various industry groups under the leadership of Jim Casey and Vis Raghavan, who jointly oversee Global Investment Banking.