InvestX, an investment platform that empowers broker-dealers and advisors to invest and trade in pre-IPO companies through a centralized marketplace, appointed Brian Schaeffer as Managing Director, Head of Business Development. A 20+ year capital markets veteran, Schaeffer was most recently Founder and President of Clearpool Group, an algorithmic trading platform that was purchased by Bank of Montreal in April 2020. He began his career from the ground up as a trading clerk, later becoming a top specialist on the New York Stock Exchange. He also worked as a TV analyst on CNBC before becoming CEO of Van der Moolen Capital Markets, one of the largest listed global trading and technology companies, which was sold to Lehman Brothers in 2007.
FINRA appointed Scott W. Anderson as Executive Vice President and Head of Market Regulation and Transparency Services. Anderson began his career at NASD, FINRA’s predecessor organization, and has 25 years of experience working on complex legal and compliance matters relating to the regulation of securities markets. He will join FINRA on Jan. 25, report to President and CEO Robert W. Cook and serve on FINRA’s Management Committee. Anderson joins FINRA from Société Générale, where he served as Managing Director – Chief Compliance Officer, Americas. Previously, Anderson held senior compliance and legal roles at UBS AG, Fidelity Investments and JP Morgan Chase.
Intercontinental Exchange, Inc., an operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, named Jaime L. Klima Chief Regulatory Officer of NYSE Group, where she will oversee the work of its independent regulatory unit, NYSE Regulation. Klima will join the NYSE from the Commodity Futures Trading Commission, where she is Chief of Staff and Chief Operating Officer. In this executive position, she manages the agency’s daily operations, overseeing a staff of approximately 1,000, and serves as the CFTC Chairman’s lead advisor.
Citi appointed Derek Hafer to the role of Global Head of Spread Products Portfolio Trading, Electronic Client Connectivity and North America Macro Trading, according to a company memo. Hafer has been Head of U.S. Investment Grade Credit Trading at Citi. In his new role, Hafer will report to Dan Wisniewski for portfolio trading and client connectivity across Global Spread Products, including Investment Grade, High Yield, Municipals, Emerging Markets and Agencies. BEAT traders will now report to Derek Hafer for portfolio trading while maintaining their existing reporting lines to BEAT and the relevant desk heads. While Derek will be ultimately responsible for risk-pricing, he will work collaboratively with Peter Chalif, Jay Mann and the trading desk heads to expand Citi’s portfolio trading franchise.
Plato Partnership, the non-profit trading consortium, appointed Anita Karppi to the Executive Team. Karppi brings over 20 years’ of experience in the global capital markets to the Partnership where she held senior strategic positions at K&K Global Consulting, FlexTrade Systems Inc, Goldman Sachs Asset Management, and Reuters.
Law firm Reed Smith announced that Stephen A. Aschettino joined the Global Corporate Group’s FinTech Practice as a partner in the New York office. Aschettino is a former general counsel and seasoned trial attorney, and he advises diverse companies in every sector on legal, regulatory and commercial aspects of the evolving payments technology sector, including all forms of electronic payments, blockchain solutions, credit and prepaid cards, mobile wallets, peer-to-peer payment apps, cryptocurrencies and related licensing issues. Aschettino comes to Reed Smith from Loeb & Loeb LLP, where he was a partner, chair of the Payments Technology Practice and co-leader of that firm’s Blockchain Team. He advises a wide range of companies in the payments sector, including large financial institutions, payment processors, technology companies and emerging FinTech start-ups.
