Deutsche Bank has appointed Jason Shell as Head of Global Corporate Foreign Exchange Sales and Neehal Shah as Global Head of Investor Foreign Exchange Sales. Shell was previously responsible for FX sales to both corporates and investors in Europe. Shah was previously Global Head of Foreign Exchange Options Trading.
Ed Balls MP yesterday announced measures at the second meeting of the Chancellor's High Level Group on City Competitiveness which will modernise the tax system to remove obstacles to competition and expand choice in trading financial instruments in the UK.
With just nine months to go before the Markets in Financial Instruments Directive (MiFID) is enforced by the FSA, London compliance recruitment agency Joslin Rowe is warning that a shortage of compliance staff is developing in London and across the UK.
Karen Moss has joined Iris Financial Solutions, an IT vendor that sells front- and middle-office applications to fund managers. She will be vice president and chief customer officer.
“Karen is leading the charge to take Iris to a new level of excellence in terms of delivery and customer service – her mandate is to ensure that each of our tier 1 customers is 100% satisfied,” says Michele McGovern, CEO, Iris Financial Solutions. “Karen brings world-class experience to Iris, as she has built and run customer service organizations at some of the world’s top financial services technology firms, from leading niche players to the largest businesses in our industry. This wealth of experience, coupled with her passion to deliver on commitments, will be invaluable to our success in this area.”
Milestone Group, whose best-known product is the pControl funds processing platform, has appointed Mark Bellingham as Director – Professional Services to its EMEA operation.
In the new job, Bellingham will have overall responsibility for implementation and support activities for the company’s pControl business platform for all UK and European clients. Over the next six months he is alos expected to recruit additional UK-based people to help him in this task.
John D. Nixon, Director and member of the Global Executive Management Committee of ICAP, and Dennis T. Scurletis, Managing Director and Global Head of the Listed Derivatives Business at Morgan Stanley have been appointed to the board of The Clearing Corporation.
UK small cap trading platform PLUS Markets Group says Paul Haddock will join the company in May 2007 as Head of Company Services, responsible for developing and working with the company's issuer and advisory customer base. His role will also include expanding the company's regulated market offering following attainment of Recognised Investment Exchange (RIE) status.
Currenex, the foreign exchange trading platform acquired recently by State Street, says Tomas Zikas has taken the role of Managing Director of New Business Development. His task is to expand the reach of Currenex's business into additional asset classes.
CB.Net, an international data solutions company dedicated to the delivery of payment reference data, yesterday announced the appointment of Tim Boyce as chairman. Boyce, who has held a string of high-profile City roles, will oversee CB.Net's business operations and build on its reputation as an innovative provider of outsourced reference data.
Credit Suisse has appointed former Goldman Sachs partner Michael Ryan as its new head of securities for the investment banking division.
According to the Swiss bank, Ryan will take up the position in the middle of this year.