People Moves: Broadridge, IEX, DTCC, and more

Smith named Broadridge COO

Broadridge Financial Solutions has appointed Roz Smith as its new COO. Based in London, Smith will work closely with Mike Sleightholme, president of Broadridge International, to grow the company internationally.

Smith will focus on scaling the Broadridge International business, and driving operating efficiency and productivity. She will oversee implementation processes and program management, with responsibility for the country and regional levels’ organizational structure.

Prior to joining Broadridge, Smith spent 18 years in management roles at HSBC, where she most recently served as head of strategy and change management in the non-financial risk team of the bank’s markets and securities services business.

Palmer to lead new markets at IEX

US stock exchange and technology provider IEX has appointed John Palmer to direct its efforts to build new markets.

Palmer has experience across multi-asset exchange trading, derivative pricing models for equities, and leading data technology integrations. The appointment will see him join IEX’s leadership team, with responsibility for leveraging IEX’s core system to develop new markets and products.

Before joining IEX, he held leadership positions at Cboe Global Markets, most recently as president of Cboe Digital, overseeing the development of digital asset trading platforms and services. Previously, he held roles leading business and product strategy for Cboe’s options and futures businesses. He was also the global head of product strategy for crypto exchange CrossTower, where he was responsible for the company’s product roadmap, go-to-market strategy, and competitive positioning.

DTCC adds four new directors to board

Four new board members have joined the board of directors of the Depository Trust & Clearing Corp. (DTCC): Brian Gallagher of JP Morgan Chase, Christopher Gelvin of UBS, Jon Herrick of the New York Stock Exchange, and Igor Modlin of Goldman Sachs.

Gallagher is global head of markets operations at JP Morgan Chase. His team is responsible for all aspects of operational support for the markets sales and trading businesses. Gallagher has worked at the bank for 23 years.

Gelvin serves as group operations and technology office COO at UBS. He is responsible for strategic planning and operating management for the office, as well as data governance and the technology investment portfolio across the firm. He has been with UBS for nearly 20 years, holding leadership roles in operations and technology.

Herrick is chief product officer at NYSE, where he is responsible for product development and innovation across all areas of the exchange business. In this role, he oversees NYSE’s transactions and market data businesses. Prior to that, Herrick served as the exchange’s head of markets, overseeing its equities and options businesses.

Modlin is global head of prime services product development at Goldman Sachs. He is also a member of the US client assets steering committee. Modlin joined Goldman Sachs in 2005; he was named managing director in 2010 and partner in 2018.

The DTCC board now has 22 directors, 13 of whom are participant directors who represent clearing agency members, including international broker-dealers, custodian and clearing banks, and investment institutions.

Brunt joins TraditionData as chief revenue officer

TraditionData, an over-the-counter (OTC) market data provider, has appointed Richard Brunt as chief revenue officer. Brunt will be based in Singapore with a focus on developing sales campaigns and strategies.

Brunt previously worked at BGC Fenics, where he helped build the commercial data and analytics sales structure over 20 years, including in the role of managing director at Fenics and Market Data Services.

State Street Bank chooses new head of global markets for continental Europe

The banking arm of State Street Corp. has announced the appointment of Dagmar Kamber Borens as head of global markets for continental Europe.

Reporting to Anthony Bisegna, head of State Street Global Markets, and Andreas Przewloka, CEO of State Street Bank International, Kamber Borens will be responsible for implementing the bank’s global markets strategy across continental Europe, aiming to increase client traction, drive revenue, and maintain strong relationships with clients, industry bodies, and regulators.

Kamber Borens joined State Street in 2021 as country head for Switzerland, later expanding her role to include leading the depository bank business in Germany and the investment services business for the Netherlands, Austria, and the Nordics. Prior to joining the business, she spent more than 17 years at UBS, where she held a number of senior management positions in Zurich, London and Singapore, including group CFO for Asia-Pacific.

In her new role, Kamber Borens will join the global markets executive management group and will retain her current responsibilities as country head for Switzerland and remain a member of the bank’s executive management board.

CLS appoints five new board directors

CLS, a financial market infrastructure group for settlement, processing, and data solutions, has appointed five new directors. Teddy Cho, Scott Lucas, Akila Raman, Peter Whitelaw, and Michael Lawrence all join the company’s board.

Cho is the managing director and CIO for the markets business at BNY Mellon. He has previously worked in technology roles at Deutsche Bank, Morgan Stanley, and Salomon Smith Barney, and has experience developing trading systems, risk management, post-trade processing, and settlement.

Lucas, who also sits on the boards of fintechs Ownera and HQLAx, is the managing director and head of markets for distributed-ledger technology at JP Morgan. He leads development of trading products leveraging DLT market capabilities, and represents JP Morgan on various industry initiatives.

Raman is partner, chief commercial and strategy officer of transaction banking at Goldman Sachs. She is responsible for scaling Goldman Sachs Transaction Banking, a digital banking platform for corporate and institutional clients. Raman has previously served as COO of Goldman Sachs’ investment banking division.

Peter Whitelaw is the executive general manager for resilience risk at National Australia Bank. He is responsible for NAB Group’s financial and operational risk management policies, frameworks and risk appetite. Whitelaw has served as a chief risk officer for NAB’s corporate and institutional bank and the Bank of New Zealand.

Lawrence has spent more than 25 years at Citi, where he held numerous senior roles. As the bank’s head of transaction and processing risk, he created a new first-line risk and control function within markets, tasked with the oversight and management of operational and compliance risks contained within the operation of business processes. He previously served on the board of CLS Group Holdings as a shareholder director.

The CLS board now comprises 21 directors in total, eight of whom are designated as outside or independent directors.

SDC Jordan and KDPW SA Poland elected to Anna’s board

The Association of National Numbering Agencies (Anna), a global standards organization, has elected Jordan’s Securities Depository Center (SDC) to its board. Anna has also confirmed the re-election to the board of KDPW SA Poland. These appointments were confirmed at Anna’s general meeting in Madrid.

Sarah Tarawneh, CEO of Jordan’s SDC, will represent the firm on Anna’s board. Tarawneh previously served on the Anna board from 2018 to 2021. Slawomir Zajac is an existing director in the Anna management body and has been active in the issuance of financial instrument identifiers for Polish capital markets for over 25 years. Meanwhile, Claudio Garin, representative of DCV Asesorias y Servicios Chile, is departing the board after six years.

Anna’s board now comprises 103 directors.