People Moves: DTCC, BNP Paribas Asset Management, Trading Technologies, and more

La Salla to lead DTCC

The Depository Trust & Clearing Corporation’s (DTCC) board of directors has elected Francis “Frank” La Salla as its next president and CEO. Currently chief executive officer of BNY Mellon’s issuer services business and a member of the BNY Mellon executive committee, La Salla’s appointment will be effective August 12, following the scheduled retirement of Michael Bodson, who has served as DTCC’s CEO since July 2012.

La Salla will also serve as president and CEO of DTCC’s principal operating subsidiaries, the Depository Trust Company (DTC), Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC), and a member of DTCC’s board of directors. Additionally, he will become a member of DTCC’s Management Committee. La Salla will join DTCC in June 2022 as CEO-elect to begin the transition process.

He joins DTCC following a 28-year career at BNY Mellon, where he held multiple senior-level positions. Prior to joining the bank, he was CEO of BHF Securities Corporation, the US broker-dealer subsidiary of Germany’s BHF Bank AG, and COO of Société Generale Securities, responsible for developing the French financial institution’s US brokerage business.

BNP Paribas Asset Management unifies quantitative business leadership

BNP Paribas Asset Management is combining its two quantitative business lines under unified leadership to accelerate growth in quantitative management and simplify the organizational structure. Olivier Laplénie becomes head of quantitative portfolio management, which will combine quantitative management across bonds and equities, in addition to his current role as head of quantitative fixed income. He will be supported by Laurent Lagarde, who retains his responsibilities as head of quantitative equity.

Laplénie has been head of quantitative fixed income since January 2014, responsible for defining, implementing and monitoring model portfolio management. He was previously head of model-driven investment within BNPP AM’s alternative fixed-income team, prior to which he was head of quantitative research at the Paris subsidiary of FFTW UK (subsequently integrated into BNPP AM), responsible for developing pricing, valuation, and risk management tools.

Lagarde has been head of quantitative equity since July 2014. He joined BNPP AM in 2005 as a quantitative analyst within the international equities team, working on global, US, Japanese, and emerging markets. Prior to this he spent two years as a project manager at Arval (part of the BNP Paribas Group).

Based in Paris, Laplénie will report to Denis Panel, head of multi-asset and quantitative solutions.

Trading Technologies taps Garrow as EVP multi-asset and buy side

Trading Technologies, a global provider of trading software, infrastructure, and data solutions, has hired London-based former banker Nick Garrow has joined the firm in the new position of executive vice president of multi-asset and buy side.

Garrow reports to chief executive officer Keith Todd and joins the firm’s leadership team. Garrow will lead TT’s expansion into new asset classes beyond exchange-traded derivatives and a range of new services for the buy side, with the firm’s Software-as-a-Service platform as the foundation.

He has served as global head of IT and operations for Société Generale Prime Services in London since 2019. Garrow started his career at Paris-based futures exchange MATIF (now Euronext). From 1999 to 2005, he served as global head of sales for trading software firm Patsystems in London. He then joined global futures commission merchant Calyon Financial as European head of electronic trading sales. In 2009, Garrow was promoted to global head of electronic trading technology for Newedge, the multi-asset FCM created by the merger of Calyon Financial and FIMAT. In 2014, after the acquisition of Newedge by SocGen, Garrow was made global head of cross-asset technology in London for Société Generale Prime Services, integrating the listed derivatives and cash equity trading technology for the agency business. He took over all of the pre-trade and post-trade technology for the Prime Services business in 2017.

Confluence appoints chief revenue and client officers

Confluence Technologies, a software firm that provides back-office automation systems to the investment management industry, has appointed Chris Riggio as chief revenue officer and Phillipa McLune as chief client officer. Riggio will be responsible for all sales and marketing strategies across all of Confluence’s products and services, and McLune is responsible for client success across all professional services and managed-services offerings. Both report to Confluence’s president and chief operating officer, Todd Moyer.

Riggio joins Confluence from ISS Market Intelligence, where he was global head of sales and client engagement. Prior to ISS, he was chief revenue officer for BrightScope. McLune joined Confluence through its acquisition of Investment Metrics, where she was global head of customer success.

Chris Riggio is based in San Diego, CA, and Phillipa McLune is based in London.

Lucking signs on as AxeTrading’s new CEO

AxeTrading, a fixed-income trading software company, has named Greville Lucking its new chief executive officer. Greville has been with the firm since 2018 in the role of head of customer support and integration.

Greville previously served as chief operating officer of EMBonds until its acquisition by BGC Partners. He has previously held senior roles at Formicary and WestLB.

LiquidityBook hires Bryon Cole as director of buy-side sales

LiquidityBook, a provider of cloud-native trading solutions, has hired Bryon Cole as director of buy-side sales. In this role, Cole will be responsible for driving the continued expansion of LiquidityBook’s buy-side client base as the firm pursues its global growth strategy. He will also play an instrumental role in expanding the functionality of LBX Buy-Side, LiquidityBook’s cloud-based POEMS (portfolio, order, and execution management system).

Cole most recently worked as director of sales and business development at GLS Fund Services, where he led all sales and business development initiatives for the company’s data and intelligence products. He previously held senior positions at Enso Financial, TPG-Axon Capital, and Pequot Capital Management.

He will be based in the firm’s New York office and report directly to head of global buy-side sales James Baxter.

Parameta Solutions names global head of strategic accounts

Parameta Solutions, TP Icap’s data, analytics, and post-trade offering, has hired Dan Berry as global head of strategic accounts. Berry joins from Ftse Russell at London Stock Exchange Group, where most recently he held the position of managing director in EMEA. He will report to Jonathan Cooper, chief revenue officer at Parameta Solutions.

Meradia welcomes McCorkell to global consulting team

Meradia, a global consulting firm in investment operations and technology, has appointed Tom McCorkell senior manager. In this role, McCorkell will guide asset managers through the complexities of middle- and back-office transformations.

Prior to joining Meradia, McCorkell served as SEI’s director of middle office, where he developed and led the company’s middle-office outsourcing service offering for 12 years. Prior to his time at SEI, he served as client service administrator at Morgan Stanley Investment Management.

LPA expands Scandinavian presence with new hire

LPA, a capital markets technology and advisory firm, has hired Kristian Liiv as the new regional manager for Scandinavia.

In his role, Liiv will lead client relationships in Norway, Sweden, Finland, and Denmark for LPA, and be responsible for the business development, strategy, and growth of LPA’s activity in the region. Kristian will be based in Stockholm, Sweden, and will work to help LPA’s clients transform and digitize activity, maximize productivity, and ensure regulatory compliance.

Liiv’s previous roles include time at FIS, Provenir, Klarna, SEB, and Swedbank.