State Street Corporation has named Brad Hu its Chief Risk Officer (CRO), effective January 1, 2022. Hu succeeds Andrew Kuritzkes, who is retiring from State Street. Hu will join the company in November as a member of its Executive Committee for a transition period with Kuritzkes. Hu was previously the CRO at Citigroup for eight years, where he was credited with significantly reducing the firm’s risk profile while guiding it through significant geopolitical and economic disruptions.
The Securities and Exchange Commission today announced that John Nester, formerly the Director of the Office of Public Affairs, is retiring from the agency at the end of this month after nearly 25 years of SEC service. Since April, Nester has been helping the Office of the Chief Operating Officer prepare the agency and staff for success in a post-pandemic environment. Nester first came to the SEC as a member of the SEC’s investor education office in 1997, where he conceived and helped organize a national financial literacy campaign backed by state securities regulators and nearly three dozen government agencies, public service organizations, industry associations, and educational groups.
The U.S. Department of the Treasury has appointed Janis Bowdler to serve as the Department’s first Counselor for Racial Equity. Bowdler will be charged with coordinating Treasury’s efforts to advance racial equity including engaging with diverse communities throughout the country and to identify and mitigate barriers to accessing benefits and opportunities with the Department. Bowdler has spent the last two decades advancing economic equity solutions for communities of color and breaking down the barriers that underpin the disparities in wealth and financial security by race and gender. Most recently, she served the President of the JPMorgan Chase & Co. Foundation.
Ralph Schlosstein will step down as Co-Chairman and Co-CEO of Evercore, effective February 25, 2022, a role that he has shared with John Weinberg since July 2020. Schlosstein will also resign from the Board of Directors, but will remain with Evercore as Chairman Emeritus, working with Evercore’s advisory and institutional investor clients and advising senior management. Weinberg will become the sole Chairman of the Board of Directors and Chief Executive Officer at that time. Prior to becoming Co-Chairman and Co-CEO, Schlosstein served as President and Chief Executive Officer since May 2009.
ITRS Group has hired Phil Bruno as Strategic Sales Executive based in the New York area. Bruno with focus on ITRS’s continued growth of their flagship Geneos application monitoring software and oversee ITRS’s Buy-Side initiative. He brings over 25 years of capital markets experience to ITRS. Prior to joining ITRS, Bruno spent time providing the capital markets vertical with infrastructure solutions at Colt Technologies and 10 years in the U.S. equity exchange space with Direct Edge and BATS (both now CBOE Global Markets).
Causality Link, an AI-driven financial information technology provider has hired industry veteran Joseph Simonian as Technical Advisor. Simonian is the founder and CIO of Autonomous Investment Technologies, a company that provides artificial intelligence and machine learning consulting services to the financial industry and builds custom quantitative models for financial firms. Over the last 15 years he has held senior portfolio management and research positions in several asset management firms, including Natixis Investment Managers, Fidelity, PIMCO and J.P. Morgan Asset Management.
Aqua Security has appointed Limor Schwartz as Chief Financial Officer. With more than 20 years of leadership experience in financial roles, Limor will join the executive team to spearhead the company’s aggressive growth strategy. She joins Aqua Security from Sygnia (acquired by Temasek), a cyber technology and services company, where she served as CFO since incorporation, leading finance, driving strategy and scale, before and after the company’s acquisition in 2018.
