DTCC Appoints Brian Steele as President of Clearing & Securities Services

DTCC has appointed Brian Steele as the Managing Director, President, Clearing & Securities Services. Starting from October 2, 2023, Steele will oversee all DTCC Clearing and Securities Services areas, such as Equity Clearing, Fixed Income Clearing, and Wealth Management Services. In the new role, Steele will report directly to Frank La Salla, DTCC’s President and CEO. B

Bringing nearly two decades of expertise from senior positions at Goldman Sachs, Steele’s most recent positions included Managing Director – Americas Client Coverage Group and Global Head of Client & Market Solutions.

LSEG Appoints Charlie Walker as Deputy CEO of London Stock Exchange

London Stock Exchange Group (LSEG) has appointed Charlie Walker as Deputy CEO of the London Stock Exchange plc. He will also join the LSE plc Board, subject to regulatory approval. Walker will continue to report to Julia Hoggett, CEO of LSE plc to support the daily running of the exchange while continuing to oversee the Group’s primary markets business.

A capital markets specialist, Walker joined LSEG in 2018, having previously worked within J.P. Morgan Cazenove’s Equity Capital Markets team, where he was responsible for originating and executing equity transactions and raising over £45 billion of equity capital on behalf of clients.

Adaptive Appoints Dave Clack as Chief Product Officer

Adaptive Financial Consulting has appointed Dave Clack as its new Chief Product Officer, a strategic role focusing on the innovation of Aeron, Adaptive’s cloud-native messaging infrastructure for the capital markets. Clack will be responsible for driving growth, overseeing product development, and shortening the time it takes for financial firms to deploy trading architectures into the cloud.

Clack has been with Adaptive since 2015, initially as a non-executive board advisor. The appointment follows other significant changes at Adaptive, including the expansion of the company’s managed service offering, ‘Operate’.

DiffusionData Appoints Former CME Group Executive Scott Fink as Managing Director for the Americas

DiffusionData, a company specialising in real-time data streaming and messaging solutions, has appointed Scott Fink as its new Managing Director for the Americas. Fink, formerly an Executive Director of Site Reliability Engineering at CME Group, will oversee customer and partner engagements across the US, Canada, and Latin America.

During his tenure at CME Group, Fink was responsible for global trading and post-trade infrastructure, focusing on market data delivery. He worked on design consulting, platform development, and business continuity, among other roles. He also oversaw the deployment of Diffusion while at CME Group.

Delta Capital Names Alan Philpot as Chief Product Officer and DLT Lead

Delta Capita, a capital markets consulting, managed services and technology provider, has appointed Alan Philpot as chief product officer. Philpot brings more than 30 years’ experience in operations and strategy across financial markets and joins from SETL where he was head of custody and market infrastructure. He has also held senior roles in post-trade and securities at Barclays and Capco.

In his role at Delta, Philpot will be responsible for bolstering Delta Capita’s DLT offering and leading the strategy and execution of future product offerings. The company’s DLT business includes settlement optimisation, asset and collateral tokenisation, multi-asset books and records, digital issuance and digital custody, digital identity and passports, and interoperability.

Delta Capital recently acquired distributed ledger technology from SETL to build a next generation capital markets ecosystem, with Montis Group announced as the anchor client.

Global Relay Promotes Sahar Kayhani and Alex Viall to Key Leadership Roles

Global Relay, a provider of electronic communication compliance and archiving solutions, has promoted Sahar Kayhani to Chief Product Officer and Alex Viall to Chief Strategy Officer. Kayhani most recently spent two years as product director overseeing Global Relay’s data capture and archiving solutions, while Viall served as director of regulatory intelligence for the company.

Kayhani, who joined Global Relay as a product manager in 2014, will oversee a focused product strategy, collaborating with various departments. Viall, will help align Global Relay’s business strategy with its next growth phase and assist clients in adapting compliant communications practices for a changing financial regulatory environment.

LSEG Appoints Irfan Hussain as Chief Information Officer

The London Stock Exchange Group (LSEG) has announced the appointment of Irfan Hussain as its new Chief Information Officer, with effect from January 2024. Based in New York, Hussain will lead LSEG’s technology division and will be part of the Executive Committee, directly reporting to CEO David Schwimmer.

Before joining LSEG, Hussain held prominent positions at Goldman Sachs, including CIO for Consumer and Wealth Management. Meanwhile, Tony McCarthy, who has held the role of CIO at LSEG since January 2020, will be retiring in early 2024.

Solidatus Research Suggests ‘Data Distress’ Could Cause Data Leaders to Quit Jobs

Research by Solidatus among 300 senior data leaders in financial services across the UK and US suggests data leaders are experiencing stress in the workplace that could lead them to quit their jobs. Describing the problem as ‘data distress’, the research cites three causes: too many disparate and siloed sources of data; having to establish the appropriate sources of data for a task in hand; and the risk of fines relating to data governance and regulatory compliance.

Philip Dutton, CEO and founder of Solidatus, warns that these factors compound the others and result in a fundamental breakdown in trust, which drives even higher levels of stress. He comments: “Data has become the lifeblood of organisations, driving innovation and decision-making. However, the exponential growth of data, the atomisation of data supply chains, the tsunami of regulation and the ever-increasing rate of change of business processes and systems has created almost unmanageable complexity. The resultant demands and pressures faced by data leaders have given rise to a mounting crisis: data distress. This is particularly acute in financial services.”

Broadridge Financial Solutions Names Karin Yorfido as President of Broadridge Canada

Broadridge Financial Solutions has appointed Karin Yorfido as president of Broadridge Canada. Yorfido succeeds Michael Dignam, who will become vice chairman of Broadridge Canada and take on an advisory role. Based in Toronto, Yorfido will lead Broadridge’s Investor Communication Solutions (ICS) Canada and Global Technology and Operations (GTO) Canada businesses, reporting to Chris Perry, president of Broadridge. Since 2021, Yorfido has held the role of general manager of GTO Canada. She has 25 years of financial services and software solutions experience, including over two decades at RPM Technologies as executive vice president of business development and client solutions.

NeoXam Names Daniel Joseph as Country Lead for Australia

NeoXam has named Daniel Joseph as country head for Australia. His responsibilities include running the Australian office, growing the local team, winning new clients, managing client accounts and developing the NeoXam brand and reputation. Joseph reports to Tim Versteeg, head of sales and general manager of the Asia-Pacific region at NeoXam, and has more than 16 years’ experience in the financial services sector. He joins NeoXam from Luxoft and previously worked for BNY Mellon’s data and analytics business developing and delivering innovative buy-side solutions.