The Index Industry Association (IIA) has appointed Kirsten Wegner as its new Chief Executive Officer. Wegner succeeds Rick Redding following his retirement after 13 years as the IIA’s CEO since its founding in 2012. In this role, she will work with the IIA’s 17 member firms and its Board of Directors to set high level strategic direction, lead the IIA’s public policy and communications initiatives, serve as an index industry spokesperson and represent the IIA in front of policy makers, regulators, investors and other key industry stakeholders. Previously, Wegner spent eight years at Modern Markets Initiative (MMI), with the last seven as CEO, where she led advocacy initiatives on public policy, educated key stakeholders and built consensus on issues surrounding fintech, artificial intelligence and market automation. Prior to that she was Government Relations Director at the International Securities Exchange and established political and policy strategy for the first all-electronic options exchange.
Daniel Pinto, JPMorgan Chase’s President and Chief Operating Officer, who has served the firm for more than 40 years, has informed of his decision to retire at the end of 2026. Pinto will relinquish his responsibilities as President and COO as of June 30, 2025. This will allow him to effectively transition those responsibilities in the coming months. He will continue to serve the company as Vice Chairman of JPMorgan Chase working closely with and advising the CEO and other senior executives on key projects, client relationships and complex issues facing the firm. Jennifer Piepszak, Co-Chief Executive Officer of the Commercial & Investment Bank (CIB), has been named Chief Operating Officer of the company, effective immediately, working closely with Pinto over the next few months.
Investcorp has announced that Neil Rickard, Managing Director and Head of Credit Research in Europe, will become Co-Head with responsibility for the European business, alongside Corey Geis, currently Managing Director and Head of Trading and Capital Markets in the US, who will become Co-Head with responsibility for the US business. Their new positions become effective April 1, 2025. Rickard has been a part of the Credit Management team in Europe since 2011. Prior to this, Neil worked at Mizuho Corporate Bank from 2005. Geis has been a part of the Credit Management team in US since 2017 and has almost three decades’ experience in credit, including at GoldenTree Asset Management and TD Securities. Both Jeremy Ghose and Tom Shandell are retiring from their current executive roles as global head Credit Management and head of liquid credit investments in the US respectively. From April 1, Ghose will step down to become non-executive Chairman of the business and continue to participate in various investment committees until his retirement on July 31, 2025, while Shandell will continue to provide support and continue to participate on the US credit investment committee until his retirement on June 30, 2025.
Apex Group has appointed Zion Hilelly as a new Chief Product officer, based in New York. Prior to joining Apex Group, Hilelly was the Head of Operations and Managed Services within S&P Global, where he ran multiple industry leading investment management solutions. Hilelly is BlackRock veteran having worked at the asset manager from its early days for over 20 years. As a Managing Director, Hilelly was responsible for launching, developing and leading many of the post-trade products and capabilities of the firm’s flagship Aladdin platform.
Scott Mitchell has been appointed Chief Executive Officer at InspereX. He succeeds John DesPrez III, who is retiring after serving as the firm’s CEO since his appointment in January 2015. Mitchell joins InspereX after a 20-year career at J.P. Morgan, where he held progressively senior positions across Equity Derivatives and Cross-Asset Structured Investments Sales and Marketing. He first joined J.P. Morgan in 2004 to co-head U.S. Third-Party Structured Investments Sales, launching the firm’s third-party distribution business, as well as its brokered CD platform.
FIA has hired Melissa Brunton as a new Senior Vice President of Global Events, Marketing and Communications. She joins the FIA team from the Direct Selling Association (DSA), where she served as SVP of Education and Meeting Services. In addition to hiring Brunton, FIA announced Will Acworth’s promotion to Global Head of Market Intelligence.
Reid Cheyne has joined Pirum as Director of Fixed Income Sales, Americas. Reid brings over 25 years’ Securities Finance and Fixed Income experience in many leadership roles, ranging from trading and financing to sales and brokerage, across banks, broker dealers and interdealer brokers. Most recently, at Citi, Reid moved from directing Fixed Income Prime Services Sales to lead Financing Sales for Hedge Funds. Previously Reid held VP roles at Abbey National Securities and Citicorp Securities, as well as Managing Director at Capital Markets Engineering and Trading.
Droit has appointed Somerset Pheasant as Chief Strategy Officer. Somerset brings over 15 years of experience in the financial industry and served on the Droit board from 2016 to 2023. In his most recent role as Managing Director at Goldman Sachs, he managed the strategic investing business globally and established the European Firmwide Strategy team.
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