BNY Mellon’s MiFID II advisor appointed regulatory affairs head at WFE

Richard Metcalfe joins WFE as head of regulatory affairs, replacing Gavin Hill who will join the compliance team at the London Metal Exchange.

The World Federation of Exchanges (WFE) has appointed industry veteran Richard Metcalfe as its new head of regulatory affairs.

Metcalfe joins the global industry association following a consulting project with BNY Mellon, where he provided advice on the practical implementation of MiFID II and other regulatory changes related to the markets business of the bank.

He established his own consultancy firm to focus on the MiFID II regime and wholesale markets prior to joining the project at BNY Mellon.

Metcalfe has experience with several industry associations throughout his career, including as director of regulatory affairs at the Investment Association, where he spearheaded its international lobbying on markets, investor protection and systemic risk.

He also spent more than 14 years with the International Swaps & Derivatives Association (ISDA) in various roles, including global head of policy and a senior regulatory adviser.

“[Metcalfe’s] deep knowledge and expertise of global markets, coupled with a strong focus on CCPs and wider market structure issues, ensures he will evolve our regulatory affairs function and the work of our 10 subject-specific member working groups over the coming years,” CEO of the WFE, Nandini Sukumar commented.

Metcalfe replaces Gavin Hill, who was head of regulatory affairs at the WFE for more than two years. Hill will be joining the compliance team at the London Metal Exchange.

“This is a very exciting time to join the WFE as it expands its team and influence as the global voice for exchanges and CCPs,” Metcalfe added. “I’m thrilled to be part of such a dynamic and ambitious team, and look forward to being part of the WFE’s next phase of growth.”