Melanie Pickett has been named Head of Asset Servicing, Americas, Northern Trust. Pickett, who has been Head of Asset Owners Americas since 2022, will continue to oversee product and service delivery to asset owner clients, including pensions, foundations, endowments, insurance companies and corporations, and assume responsibility for the business unit’s asset manager clients. She will continue to report to Teresa Parker, President of Asset Servicing. Pickett brings more than 20 years of experience in senior operations and technology roles. She joined Northern Trust in 2017 to spearhead the development of Front Office Solutions, a new business line that focuses on the portfolio management and technology needs of complex asset allocators worldwide. Before joining Northern Trust, she was the Chief Operating Officer at Emory Investment Management.
Rostin Behnam has announced his departure from the U.S. Commodity Futures Trading Commission. He will be stepping down from his position as Chairman on January 20. His last day at the Commission will be Friday, February 7. As Chairman, he led the agency with a focus on identifying, assessing, and addressing risks within our regulated markets. Additionally, he took actions anchored in building consensus – strictly within the bounds of the law, and towards establishing appropriate guardrails to minimize disruption, maintain a level playing field for all stakeholders, and fulfill our mission and purpose. In addition, CFTC announced that Division of Enforcement Director Ian McGinley will depart the agency on January 17. McGinley has served as Director of Enforcement since February 2023.
HSBC has appointed Lisa McGeough as President and Chief Executive Officer for the United States. She will be joining as Director of HSBC North America Management Board, and as Chair of the HSBC Bank USA Management Board. McGeough joined HSBC in 2021 and has more than 35 years of experience in the banking industry. She most recently served as the Co-Head of Global Banking Coverage, with regional responsibility for Global Banking Europe. Before joining HSBC, McGeough was at Wells Fargo where she served most recently as Executive Vice President and Head of International.
Insight Investment has appointed Raman Srivastava as Chief Executive Officer designate, reporting to Jose Minaya, Global Head of BNY Investments and Wealth. After more than 20 years at Insight, including 17 years as Chief Executive Officer, Abdallah Nauphal has made the decision to retire from Insight in the first half of 2025. Raman brings over 25 years of extensive experience in the investment industry. Most recently, he served as Executive Vice-President and Global Chief Investment Officer at Great-West Lifeco.
The Federal Reserve Board has announced that Michael S. Barr will step down from his position as Federal Reserve Board Vice Chair for Supervision, effective February 28, 2025, or such earlier time as a successor is confirmed. Barr will continue to serve as a member of the Federal Reserve Board of Governors. Barr, who has served as vice chair for supervision since July 19, 2022, submitted his letter of resignation to President Joseph R. Biden.
The Goldman Sachs Group has announced the appointment of Alex Golten as Chief Risk Officer of the firm. He also joined the Management Committee. With over 27 years of experience at Goldman Sachs serving in a number of risk management leadership positions, Golten most recently served as head of Market Risk and Finance Risk. He has also been the firm’s chief credit risk officer, head of Enterprise Risk and co-head of Credit Risk for EMEA. He joined Goldman Sachs in 1997 as an analyst, was named managing director in 2008 and partner in 2014.
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