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Established 1995
Saturday 20 January 2018



Written by Chris Lemmon

The Depository Trust & Clearing Corporation (DTCC), the post trade market infrastructure for the global financial services industry, has named Timothy Lind as managing director of the company’s data services. Lind, who previously worked as global head of financial regulatory solutions at Thomson Reuters, will be responsible for guiding the firm’s data businesses, including services that leverage the data derived from the DTCC’s processing platforms.

Commenting on the appointment, Lind said: “I’m excited to partner with my colleagues and the industry to identify innovative ways to increase the value of DTCC’s data offerings to enable compliance with regulatory requirements, optimize capital use and more effectively manage risk.”

Trading and investment specialist Saxo Bank has appointed Damian Bunce as chief client officer, effective from 19 February 2018. Bunce has more than 25 years’ experience in the financial services industry, with particular expertise in electronic trading across asset classes gained through a number of global banks in London, New York, York and Moscow.

Kim Fournais, founder and CEO of Saxo Bank, said: “We are very pleased to welcome Damian Bunce to drive our client-centric strategy, value proposition and the needs of our key customers. His strong track record of delivering results for electronic trading businesses across sales, trading, product management and governance will be extremely valuable in delivering value to both our clients and shareholders.”

Financial technology firm Intelligent Environments has announced Jeremy Young as its new chief executive officer. Young will join the firm from Fiserv, where he was responsible for all sales and marketing activities in EMEA. Prior to this, Young served as head of retail banking and insurance with Oracle as well as holding the role of general manager of EMEA with Adeptra.

Commenting on his new role, Young said: “Joining Intelligent Environments is a tremendously exciting prospect. With the company at the forefront of digital innovation in the financial services sector, leading its future growth and development is an immense opportunity.”

Usman Chaudry has been named as chief risk officer at Gatehouse Bank, effective from 2 January. Chaudry’s previous roles include risk director at Tandem and director – global head, policy and risk governance at Standard Chartered Bank. He has also occupied various positions in risk management for KPMG, Barclays Bank and GE Capital International.

Charles Haresnape, Gatehouse Bank’s CEO, commented: “I am delighted to welcome Usman to Gatehouse, where his experience of risk disciplines adds the final jigsaw piece to our executive team.”

UK FinTech Delio has named Andy Samuel as chief technology officer, and Gareth Morgan as chief risk and compliance officer. Morgan was formerly chief risk officer of HSBC Private Bank in Asia-Pacific, while Samuel has held a number of executive roles at Virgin Money, Iron Mountain and Target Group.

Gareth Lewis, Co-Founder and CEO of Delio said: “Gareth and Andy are both fantastic additions to our team and we’re all really excited to have them on board. As we continue to grow our already burgeoning global client base we will be looking to strengthen our team further still.”

Business banking group Aldermore has appointed Pat Butler as non-executive director and chairman. Butler brings extensive experience to the business, having held roles at Bank of Ireland, Hikma Pharmaceuticals, The Resolution Group and British Business Bank Investments, in addition to a number of years at McKinsey & Company.

Danuta Gray, Aldermore’s interim chairman, said: “I am delighted that Pat has decided to join Aldermore. He brings a proven track record in financial services and his appointment is a key step in our journey. I would like to welcome Pat to the company and I look forward to working with him to ensure a smooth transition before his appointment takes effect.”

Citi has announced the appointment of Zoher Karu as head of Asia-Pacific data and analytics. Karu joins from eBay where he worked as chief data officer, and he will be responsible for “driving the use of data to deliver customer value and business growth” across 17 markets in his new role.

Commenting on the move, Anand Selva, head of consumer banking at Citi Asia-Pacific, said: “Zoher's appointment to this role is a key part of our digital transformation and overall strategy. To be Asia’s best digital bank, we need to offer remarkable client experiences that set us apart and that are locally relevant to our target customers.”

Benny Higgins, current CEO of Tesco Bank and group strategy director of Tesco plc, is to join Australian regulation technology firm Kyckr as non-executive chair in March 2018. Higgins has more than 30 years’ experience in the financial services industry, having previously held senior posts in investment management and retail and business banking, including roles at Standard Life, RBS’ retail bank and HBOS.

John Van Der Wielen, current chair of Kyckr said: “Benny will provide invaluable guidance to our board and management team, as we pursue our strategic expansion plans in Europe and the US. His significant experience in growing businesses to scale, focus on customer engagement, and deep knowledge of the global banking sector will be a significant advantage to Kyckr and make a real difference to our team. I am more than happy to pass the torch to such a well-respected individual and remain on the board and committed to the long-term success of Kyckr.”

Barclays Bank has appointed Sir John Timpson, chairman of the eponymous shoe repair and key cutting chain, and Avid Larizadeh Duggan, general partner at Google Ventures, to its new board, which has been created in readiness for ring-fencing legislation which will see the Barclays UK business transfer to a separate legal entity.

Sir Ian Cheshire, chairman of the Barclays Bank UK board, commented: “This is a board who will speak their minds as leaders from a range of different backgrounds. It brings together people with a strong entrepreneurial mindset, real knowledge of the impact of digital transformation in business, and a deep understanding of the needs of consumers and of consumer-centric businesses.

“My board colleagues bring a wealth of experience and insight to the bank and embody the highest standards of corporate governance and oversight. I look forward to working with them as we help Barclays UK continue to meet the aspirations of our customers and clients.”

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