PEOPLE MOVES NEWS UPDATE
Exchange operator Cboe Europe has hired industry veteran and the head of execution services for EMEA at Bank of America to lead its European equities trading business . Natan Tiefenbrun will join Cboe as senior vice president and head of European equities in London in June reporting to president of Europe and Asia Pacific , Dave Howson , after eight years with Bank of America .
A senior equity trader at Nordea Asset Management has joined Danish boutique asset manager BLS Capital to head up its trading activities . Malene Forup joined BLS Capital as head of execution in Copenhagen in June . She has extensive buy-side trading experience , including two years at Nordea Asset Management and more than 11 years as head trader for EMEA at Singapore-based fund manager GIC .
The International Regulatory Strategy Group ( IRSG ) has appointed former Member of European Parliament and MiFID II architect , Kay Swinburne , as chair . Swinburne joins IRSG from KPMG where she has been vice chair of financial services for two years . She replaces former City minister Mark Hoban .
Refinitiv chief executive and group head of data and analytics at the London Stock Exchange Group ( LSEG ), David Craig , will step down at the end of 2021 . Craig will remain on in an advisory capacity to the group until the end of this year . Chief product officer for LSEG ’ s data and analytics division , Andrea Remyn Stone , will replace Craig as group head of data and analytics effective from 1 July .
POST-TRADE
EuroCCP to provide clearing for Euronext Oslo Growth Market
The extension by EuroCCP to clear Norwegian growth stocks remains subject to regulatory approval and is expected to launch on 28 June this year .
Pan-European equity clearinghouse EuroCCP is set to provide clearing services to the Euronext Oslo Growth Market .
EuroCCP said it expects to go live clearing for the Oslo Bors growth market segment from 28 June . All trades executed on the in the Norwegian growth market and cleared by EuroCCP will be reported with the MIC in the daily CIF files , and member testing will be supported from 2 June .
The move comes ahead of the upcoming September launch of a new derivatives exchange in Europe by Cboe Global Markets , EuroCCP ’ s parent company following its acquisition in July last year .
With the addition of EuroCCP as a subsidiary , Cboe set out its plans to launch a new derivatives market known as Cboe Europe Derivatives in July 2020 . ABN Amro Clearing , Goldman Sachs and Morgan Stanley were confirmed as the first participants to back the new exchange that EuroCCP will provide clearing services for .
EuroCCP also underwent a leadership reshuffle in April in a move that the clearinghouse said would help it transition into a multi-asset clearinghouse ahead of the new exchange launch .
As part of the reshuffle , EuroCCP ’ s chief risk officer since 2008 , Arnoud Siegmann , was appointed chief operating officer while Jonathan Tran , who joined EuroCCP in 2018 from LCH , replaced Siegmann as chief risk officer . Elsewhere , Ed Hughes was appointed chief technology officer .
“ Firms not currently active in European markets are excited by the prospect of a transparent , efficient , lit pan-European equity derivatives market , which will help to unlock its true potential and grow the market overall ,” said Ade Cordell , president of Cboe NL , in an April statement .
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