• Moves of the week
Géczy, who left Citi in 2005 after 14 years, in which he held a number of roles including global head of structured corporate finance, will start at the buyout firm full-time in September.
Géczy, who worked as group executive director and chief executive of wholesale banking and markets at Lloyds for four years until 2013, left ANZ, where he was CEO of international and institutional banking, in January 2016.
Terra Firma had been looking for a chief executive since Tim Pryce stepped down in March 2016 after seven years. Guy Hands, the firm’s co-founder and chairman, had been acting as interim chief executive.
Omers Private Equity
Canadian pension fund Omers has reshuffled the leadership of its private equity team following the promotion of its former European private equity head Mark Redman to a global role in 2015.
Omers Private Equity, which has invested in companies including cinema chain Vue and direct lender Hayfin Capital Management, has promoted London-based Martin Le Huray and Jonathan Mussellwhite to become co-heads of Omers Private Equity in Europe.
Toronto-based Tim Patterson has taken on day-to-day management of the pension giant’s Toronto office.
The promotions come after Redman, a former 3i Group executive who spearheaded the $ 77 billion Canadian pension fund’s push into Europe after the financial crisis, was promoted from head of private equity in Europe to global head of private equity in September.
Emma Douglas, three times listed as one of the most influential women in finance by Financial News, has been handed the reins of Legal & General Investment Management’s £48 billion defined contribution pensions business.
Douglas, who has now been promoted twice since she joined the £757 billion manager in January 2014, will from August take up a newly created role as head of LGIM’s 400-strong DC business, the company told FN.
She was previously in charge of about 100 people in her role leading DC distribution, following a promotion in January 2015.
The move comes as LGIM’s chief operating officer for DC, Sue Jordan, prepares to retire on July 29. Douglas will effectively add marketing and operations responsibilities to her distribution brief. She will also oversee the appointment of a new chief operating officer, who will start in September and report to her. Jordan had reported to Sarah Aitken, LGIM’s overall head of distribution for Europe, the Middle East and Africa.
ICE Benchmark Administration
Intercontinental Exchange has appointed a former analyst at the US Central Intelligence Agency and founder member of the Bank of England’s Monetary Policy Committee to the board of its benchmark unit, which oversees rates including Libor.
IBA, which is owned by ICE and based in London, took over administration of Libor, or London Interbank Offered Rate, from the British Bankers’ Association in February 2014. It has also won mandates to take over administration of the Isdafix rate from the International Swaps and Derivatives Association, which it renamed the ICE Swap Rate, as well as the LBMA Gold Price.
An ICE spokeswoman declined to comment on the appointment.
Julius, an economist by training, worked as an analyst for the CIA after completing her first degree. She later worked as an economic adviser at the World Bank, and also as chief economist at Shell and at British Airways.
She was a founder member of the Bank of England’s MPC in 1997, and was awarded a CBE for services to monetary policy in the 2002 New Year Honours list. She was later made a Dame for services to international relations in the 2013 New Year Honours list.
• And the best of the rest…
Akin Gump hires DLA Piper lawyer as a partner
The law firm Akin Gump has hired a DLA Piper senior associate as a partner in its Hong Kong practice, according to a statement from the partnership. Christopher Knight advises financial institutions on setting up private equity funds, hedge funds and structured products, according to his profile on the DLA Piper website. The statement said that Knight is registered as a foreign lawyer in Hong Kong and is qualified as a solicitor in England and Wales.
BGC Partners picks Icap executive for key role
The brokerage firm BGC Partners has chosen a senior Icap executive to lead its global electronic and hybrid execution team. A statement from the Cantor Fitzgerald-owned brokerage said that Dean Berry, chief executive of e-commerce at Icap, will join BGC Partners. A spokeswoman confirmed that Berry will join as an executive managing director after a period of gardening leave. He will report to Shaun Lynn, the president of the company. According to details on his LinkedIn profile, Berry was chief operating officer Asia Pacific at Icap until 2011, when he became CEO of e-commerce.
Better Capital loses investment manager
Better Capital, the turnaround-focused private equity firm that is led by buyout veteran Jon Moulton, has lost one of its investment managers to Jaeger, a UK fashion house business that Better Capital has owned since 2012. Sei Moon, who had been with Better Capital for more than three years, left the firm in June, according to her LinkedIn profile. She joined Better Capital in 2013 and worked with the portfolio team, according to Better Capital’s website. Better Capital is not planning to raise a new fund and will not extend the life of its investment fund that officially ran out on June 30. It is unclear whether Moon will be replaced.
Deutsche Bank’s global head of convertibles departs
Deutsche Bank’s London-based global head of convertible securities Andy McDonnell has left the lender, according to bank officials, the Wall Street Journal reports. McDonnell joined Deutsche Bank in 1996 and was one of the industry’s longest-serving managers in convertibles trading. He was named the bank’s global head of the business in 2006 after overseeing the business in Europe. He also served on the German bank’s global equities executive committee with other senior managers in trading, operations and client-facing roles.
EBS BrokerTec chief executive to leave Icap
One of the most senior executives at Michael Spencer’s Icap is to step down, sparking a search for a new head of the electronic platform that will be core to the company after it offloads its voice-broking business. Gil Mandelzis has decided to step down as chief executive of Icap’s EBS BrokerTec division and take his career in “a different direction”, according to a July 21 statement. Mandelzis, alongside Icap CEO Spencer, is among Icap’s dozen-strong senior executive team and has been with the broker since 2007, when it acquired the Traiana transaction processing business he co-founded in April 2000. Since March 2012, Mandelzis has overseen Icap’s electronic FX business, EBS, turning it from a single-product business into a multi-product one, before adding responsibility for the BrokerTec fixed-income business when Icap combined its two electronic divisions in December 2014. Mandelzis became CEO while Spencer became chairman of EBS BrokerTec.
GAM taps hedge fund Man Group for sales role
The asset management company GAM has recruited a group head of distribution, tapping the listed hedge fund Man Group. Tim Rainsford takes on group-wide responsibility for sales and marketing at GAM, according to a statement by the company. At Man Group, Rainsford was global co-head of sales and marketing, having joined the Australian arm of the hedge fund in 2003 from JP Morgan. Rainsford is not the only recent departure from Man Group – on July 20 it was reported that Man CEO Emmanuel Roman is to leave the hedge fund for Pimco.
HSBC names chief for Middle East and North Africa region
HSBC has appointed a chief executive officer for the Middle East and North Africa region, after the last banker to hold the brief became a Saudi Arabian government minister. Georges Elhedery, who was head of global banking and markets, Mena, takes on the CEO role, replacing Mohammad Al Tuwaijri, who became Saudi Arabia’s deputy minister of economy and planning in April. Elhedery joined HSBC in 2005 from Goldman Sachs, where he was head of structured rates and inflation trading.
JP Morgan executive Di Iorio to retire at year end
JP Morgan’s head of its global wealth management business, which includes the private bank and JP Morgan Securities, is slated to retire at year end, according to people familiar with the matter. Phil Di Iorio has held a number of positions at JP Morgan over the years and was instrumental in building out the private bank’s brokerage, global capital markets solutions and advisory capabilities, according to an earlier bank release.
JP Morgan banking veteran departs for LionTree
A senior JP Morgan banker is leaving for boutique investment bank LionTree, according to a person familiar with the matter. Jake Donavan, who has spent his entire career with JP Morgan, is to leave his role as head of Emea industry coverage for corporates. Donavan has held a number of senior positions in the bank around the world, including as country officer of the Benelux, Nordics and Israel. Donavan has also worked in the US and Latin America for JP Morgan. He will be replaced as head of Emea industry coverage for corporates by managing director Harry Hampson, the current head of Emea strategic investors. Hampson will add the Emea industrial role to his existing remit.
Lazard calls on Credit Suisse banker in New York
Lazard has hired a senior Credit Suisse banker for its New York operation, the advisory firm said in a statement. Christopher Mulshine, who was for eight years head of capital services in the Americas for Credit Suisse, has now started at Lazard. Mulshine’s role involves advising private equity estate firms with capital raising. Before joining Credit Suisse in 2008, Mulshine was deputy head of capital introductions in the Americas for UBS. Earlier roles include stints at Goldman Sachs and Morgan Stanley.
LSE’s CurveGlobal COO leaves ahead of launch
The chief operating officer of the London Stock Exchange’s interest rate futures platform CurveGlobal has left to pursue new opportunities. CurveGlobal, which is backed by seven dealer banks and the Chicago Board Options Exchange as well as the LSE, said in a July 21 statement that Cathryn Lyall has left to pursue other opportunities. Steven Hamilton, a senior HFT executive who Financial News reported in January was joining the business development team at CurveGlobal from DRW Trading Group, has been appointed interim chief operating officer.
Protiviti promotes consulting duo to leadership roles
The consultancy firm Protiviti has announced the promotion of two managing directors in its financial services practice, the company said in a statement. Peter Richardson, who joined the firm in 2011, becomes country market leader for the UK, while Jonathan Wyatt has been named international solutions leader.
Societe Generale appoints two country heads
Societe Generale has appointed country heads in Switzerland and Japan, the bank said in a statement. Hugues de la Marnierre becomes group country head for Switzerland, with effect from July 1, a role he will take on in addition to his current responsibilities as SocGen’s head of corporate and investment banking in the country. De la Marnierre joined the French bank in 2009 from Natixis. The French bank has also appointed Raphael Cheminat as group country head for Japan. Cheminat moves from South Korea, where he was SocGen’s chief country officer since 2012.
UBS promotes Emea investment bankers
UBS has reshuffled its Emea investment banking ranks, according to an internal memo. Javier Oficialdegui, the head of financial institutions for Emea, becomes co-head of Emea sector client coverage and origination. Oficialdegui will be working alongside Laurent Bouvier, whose previous title, according to LinkedIn, was head of sector teams Emea and global head of industrials. In another adjustment, Juan Monte and Jasper Tans become co-heads of Emea country coverage and origination ex-UK. Javier Martinez-Piqueras has been appointed sole head of ECM advisory for the Emea region.
UBS Asset Management adds Asian fixed income head
UBS Asset Management has hired Alliance Bernstein fund manager Hayden Briscoe as head of fixed income for the Asia Pacific region, UBS said in a statement. Briscoe will report to John Dugenske, global head of fixed income at the asset management arm of the Swiss bank. Briscoe will be based in Hong Kong. The statement said that Briscoe will bring a quarter of a century of bond market and currencies experience to the position. The Alliance Bernstein website describes Briscoe as “an expert on China”. He started his career as a bond trader at Bankers Trust, before moving on to Colonial First State and Schroders Australia.
WorldRemit hires president to oversee operations
One of London’s best-known fintech startups has hired a former managing director at betting firm William Hill Online as its president. Andrew Lee, who stepped down as managing director for William Hill Online in January, has joined London-headquartered remittances company WorldRemit. In this newly created role, Lee will oversee operations, customer service, technology, marketing and communications and business development, according to a spokesman. WorldRemit’s founder and chief executive Ismail Ahmed will continue to lead the company, the spokesman said. In 2012, Lee joined William Hill’s online division, where he worked on developing the company’s digital business. Earlier in his career, he worked at banks including Dresdner Kleinwort, Jefferies International and Bank of America Merrill Lynch.