People Moves: Chatham Financial, BBH, Isda, and more

Chatham Financial taps Young for CPO/CTO role

Chatham Financial, a financial risk management advisory and technology firm, has announced the appointment of Michael Young as its chief product and technology officer.

The appointment coincides with the firm opening its New York City office at Hudson Yards. Young brings over 25 years of product innovation and development experience to the firm’s technology platform and software products suite. He will lead the company’s technology strategy and expansion of client products and solutions.

Before joining Chatham, Young was the CTO at Reuters and held several leadership roles at multiple technology start-ups and fintech firms.

BBH promotes O’Donnell to London office head and CEO 

Brown Brothers Harriman & Co has announced that Sarah O’Donnell, a principal of the firm, will assume responsibility as office head and CEO for BBH London.

O’Donnell, who joined BBH in 1997, will lead the ongoing evolution of BBH’s value proposition in the UK market and will be responsible for managing and overseeing BBH’s investor services business.

She retains her responsibilities as head of client services in Europe, as well as director of the board and, member of the audit and risk and compliance committees of BBH Fund Administration Services, and member of the board of managers of BBH Luxembourg.

Isda appoints head of solutions adoption

The International Swaps and Derivatives Association has appointed Ankit Jain as head of solutions adoption. The new role aims to spearhead Isda’s drive to encourage broader adoption of its mutualized industry solutions.

Jain joins Isda from SoftServe, a software development and digital services company, where he was head of banking and trading domain solutions and transformation, managing front-office, trading, derivatives, and technology transformation across banking and broader financial services clients.

Prior to that, he led change and oversight of large strategic transformation initiatives at Deutsche Bank from 2015 to 2022.

Quantitative Brokers appoints Kalita as CEO

Quantitative Brokers has appointed David Kalita as its CEO. Kalita succeeds Christian Hauff, former CEO and co-founder, who stepped down at the end of 2023. Hauff remains on QB’s board of directors.

Based in New York, Kalita joins QB after more than a decade at Bridgewater Associates, where he served most recently as head of product management in trading. Before that, he was head of FX, futures, and equities execution.

He holds a Master’s in Finance from Princeton University and a Bachelor’s of Science in Economics and Mathematics from the University of Michigan.

LiquidityBook names Morris president

LiquidityBook, a provider of cloud-native trading solutions, has appointed Jason Morris as its new president.

Morris spent almost eight years at Enfusion, serving as the global head of corporate development. Before that, he was president, overseeing the company’s sales, marketing, product, operations, finance and HR departments.

With Morris on board, LiquidityBook plans to expand into new markets and deepen its relationships with key partners. It also plans to enhance its product offerings across all areas of its portfolio, order and execution management system and embedded FIX network.

Colt names Mizutani APAC president

Colt Technology Services has appointed Yasutaka Mizutani as president of APAC. Mizutani was previously acting as chief marketing officer at Colt’s UK headquarters since October 2019.

Mizutani will stay at Colt’s UK headquarters but will be more closely involved in the company’s Asian business, supervising overall business operations and development in Japan and Asia.

His appointment is in line with Colt’s completed acquisition of Lumen Technologies’ EMEA business.

Duco taps Chin for CEO

Duco, a SaaS provider of AI-powered data automation, has appointed Michael Chin as CEO. Chin succeeds the company’s founder, Christian Nentwich, who is stepping down as CEO after more than a decade.

Chin has experience in data management and delivering enterprise-wide corporate and trading solutions for customers. He was most recently CEO of Broadway Technology, which was acquired by Bloomberg in 2023.

R3 names Karimson as CCO

R3, the enterprise distributed-ledger technology and services firm, has appointed Kate Karimson as chief commercial officer to lead the rollout of its new suite of end-to-end digital solutions, R3 Digital Markets.

Karimson has extensive experience in financial services and DLT. She has previously held leadership roles at CME Group, BrokerTec, ICAP and LedgerEdge.

Elmore joins Gresham as new CTO

Gresham Technologies, a fintech firm specializing in real-time data integrity and control solutions, has appointed Andrew Elmore as its new chief technology officer.

Its current CTO, Neil Vernon, will transition into a newly created role as chief product and innovation officer, where he will focus on driving product innovation and fostering a culture of continuous improvement across the business.

Elmore most recently was the CTO at AutoRek, a reconciliations and financial control solutions provider. Prior to that, he held senior technology positions at Banco Santander and SmartStream.

As Gresham’s new CTO, Elmore will lead the company’s technology strategy and software engineering, and spearhead new investments to accelerate client adoption of cloud, AI and ML solutions.

RJO taps Christie as senior exec officer

Chicago-based R.J. O’Brien & Associates, the oldest independent futures brokerage and clearing firm in the US, has appointed Patrick Christie as senior executive officer and head of Hrvyst, the firm’s agricultural technology business unit.

Christie has over 25 years of experience in starting, operating and investing in emerging technologies, including the ag tech and agribusiness sectors.

Hrvyst, developed internally by RJO’s commercial agricultural team, is the firm’s grain marketing profit platform. Users of the platform will be able to manage their cash and basis grain ownership risk in real time, and automatically convert cash grain contract management into futures hedging orders.

Based in Minneapolis, Christie will report to RJO chairman and CEO Gerald Corcoran.

OCC updates board of directors, adds new CFRO

The Options Clearing Corporation has made several updates to its board of directors. First, Craig Donohue, who has served as executive chairman since 2014, has transitioned to chairman. As chairman, he will remain involved with oversight and governance at OCC.

Meanwhile, OCC CEO Andrej Bolkovic has joined the board. OCC has also appointed Roland Chai, Nasdaq’s president of European market services, to its board. Chai has more than two decades of experience in technology, risk management, trading and post-trade across multiple asset classes. Chai fills the seat vacated by Meyer “Sandy” Frucher, retired Nasdaq vice chairman. Frucher became an exchange director in September 1998 and was the OCC’s longest-serving board member. 

The OCC also appointed Massimo Cutuli as chief financial risk officer-elect, who will succeed current CFRO Dale Michaels, who will retire. Cutuli has over 25 years of experience in financial services and management consulting. He most recently served as CRO at Optiver US LLC.  

Eflow expands with strategic hires

UK-based regtech firm Eflow is expanding its regulatory compliance technology platform with the appointment of several senior hires.

The company has appointed Jonathan Dixon as head of trade surveillance, who joins from Eventus, where he worked as director of regulatory affairs. Dixon will oversee the strategic development of Eflow’s trade surveillance solutions.

Casey Stanley joins Eflow as sales director to drive expansion in the US. Based in Boston, Stanley has more than 20 years of experience, including roles at S&P Global and Thomson Reuters. Meanwhile, Sam Roberts will lead Eflow’s global brand and promotional activity as head of marketing.

Pawle joins IMAP as chairman

IMAP, a partnership of mid-market M&A specialists, has appointed Oliver Pawle as chairman of its M&A advisory business in the UK.

Pawle brings with him decades of corporate finance advisory experience, having served as vice chairman of the investment banking division of UBS for 10 years. His experience includes chair and board services at Korn Ferry, senior advisor at Gleacher Shacklock LLP, and advisory board director at Delancey.