People Moves Monday: A string of executive appointments

The past week saw hires from BNY Mellon’s Pershing, Abu Dhabi Investment Association, Liquidnet, Citadel, Trumid and Cowen Digital.

BNY Mellon’s Pershing has confirmed the appointment of Cécile Nagel as CEO of its EMEA business. Effective from October 2022, Nagel will lead the EMEA management team in the UK, Channel Islands and Ireland, working closely with financial institutions to provide them with custody, clearing, settlement and trading solutions. Nagel joins Pershing from EuroCCP, where she has held the role of CEO since 2018. Prior to that, she held several senior management roles at the London Stock Exchange Group, Oliver Wyman, and the former Financial Services Authority. The TRADE learnt that Arnoud Siegmann, chief operating officer at EuroCCP, will assume the role of interim president until a permanent replacement is named.

Global head of execution services at Goldman Sachs, Michael Steliaros, left the investment bank to join the Abu Dhabi Investment Association (ADIA) as global head of equity portfolio engineering and trading. He joins the association after serving at Goldman Sachs for the last five years, departing the bank earlier this year. Prior to that, he spent seven years at Bank of America Merrill Lynch as its global head of scientific implementation and head of agency portfolio trading. Previously in his career, he served across Panta Capital, Winton Capital Management, FGS Capital and Barclays Global Investors in various research roles for six years collectively.

Liquidnet, now part of interdealer broker TP ICAP, appointed Nichola Hunter as its new global head of sales for fixed income. As part of the role, Hunter will be responsible for growing client relationships at the firm. Hunter joins Liquidnet from MarketAxess, where she operated as head of rates. Prior to that, she served as chief executive officer of LiquidityEdge which was acquired by MarketAxess in 2019. Before LiquidityEdge, she held various senior roles at ICAP, including co-head of EBS market, global head of product management for EBS and global head of client services for ICAP’s electronic broking business.

Hedge fund Citadel selected Roshan Rummun to replace retiring international equities trading head, Paul Donnelly. Rummun originally joined Citadel in 2007, spending two years as a trader before departing for a brief three-year period to serve as head of trading at LionRock Capital. He then returned to Citadel, where he has been a trader since 2012. He began his career in 2005 as a trader at JP Morgan. Also prepped to fill in the gap left by Donnelly is former Lombard Odier equity trader, Liam Stone, who will use his extensive European focused equities experience to serve Rummun in a senior capacity.

Fixed income platform provider Trumid appointed Daniel Swaby in an emerging markets sales role. Swaby joins Trumid from Liquidnet, where he operated in an emerging markets credit sales and trade execution role for nearly four years. Prior to that, he served as a vice president in emerging market credit sales at NatWest Markets. He also held an emerging market sales and product management position at MarketAxess for nearly six years. Earlier in his career, he operated in an equity and derivatives sales trading role at E*TRADE and was an execution trader at Sucden Financial.

Cowen Digital made a string of new executive appointments to expand its institutional sales team, drawing talent from various digital asset businesses. Among the new appointments is Jackie Rose, who joined Cowen Digital as director of institutional sales from, where she served as head of institutional business development. Elsewhere, Chase Campbell has been appointed as vice president of digital asset sales. He joins Cowen Digital from Coinbase, where he served as an institutional sales associate.