Anshu Jain, the former Deutsche Bank AG co-chief executive officer, is joining Cantor Fitzgerald LP as president. Jain will help Cantor expand in areas including fixed-income and equities trading as well as prime brokerage, Cantor Chairman and CEO Howard W. Lutnick said in a phone interview with Bloomberg. The firm is looking to capitalize as stiff regulations force global investment banks, including many in Europe, to pare businesses and pull back from some clients. He joined Deutsche Bank in 1995 and rose to lead a corporate and investment banking division that produced most of the companys revenue. In 2012, he became co-CEO succeeding Josef Ackermann, who had held the top spot for a decade.
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The Federal Reserve has added a quartet of people to its monetary policy committee. Three of new additions are regional presidents –Neel Kashkariof Minneapolis,Robert Kaplanof Dallas, andPatrick Harkerof Philadelphia. The last person, Charles Evans, is an academic. Kashkari, previously best known for managing the TARP bailouts of banks as a member of the George W. Bush Treasury, took office as head of the Minneapolis Fed at the beginning of 2016. He surprised banks and the entire financial system by almost immediately calling for a public inquiry into whether big banks should be broken up.
- Kaplan, a former Harvard Business School professor and Goldman Sachs banker, joined the Dallas Fed in September 2015. He is reported to favor the course that Fed chair Janet Yellen has charted out, namely for the Fed to slowly tighten monetary policy over the next few years.
Harker also has a background with Goldman Sachs as a trustee of the Goldman Sachs Trust, before being recommended for the top job at the Philadelphia Fed by a search committee – of which he was a member.
Evans is the only academic economist among the four, and a former staffer within the Fed system.
Madrid-based financial data and technology provider Web Financial Group hired former Interactive Data senior salespersonTeddy Singeotas managing director for France. Singeot is responsible for building a team to raise Web Financial Group’s profile in European and Middle Eastern markets. Before joining Web Financial in November, Singeot was head of sales for France, Belgium, Luxembourg, Greece and the Middle East at Interactive Data Managed Solutions.
Peter Williams, the former global head of futures and options clearing and execution at State Street, has joined French bank Credit Agricole, Williams departed State Street in May after the custodian announced it would shut down its global futures clearing unit.
David Clarkwas appointed as an independent non-executive director to the Board of Thomson Reuters Benchmark Services. Clark, with over 40 years in finance,has held positions at Bankers Trust, Commerzbank, HSBC and Bankgesellschaft before moving into non-executive director and advisory positions.He is currently a member of the Bank of Englands Foreign Exchange Joint Standing Committee, and is a member of the Banks SONIA Advisory Committee. Clark is also a member of the Libor and IceSwap (formerly IsdaFix) Benchmark Oversight Committees administered by ICE.
