Morgan Stanley’s Co-President Edward (Ted) Pick will become the Firm’s Chief Executive Officer, effective January 1, 2024. James Gorman will become Executive Chairman. Pick will also join Morgan Stanley’s Board of Directors at that time. The Firm also announced that Co-President Andy Saperstein will become the Head of Wealth and Investment Management, and that Dan Simkowitz will become Co-President of the Firm and the Head of Institutional Securities. Pick has served as Co‐President of Morgan Stanley for the past two years. As Head of the Institutional Securities Group, he oversees Investment Banking, Equities, Fixed Income, Capital Markets and Research. He is also Co‐Head of Firm Strategy. Pick joined Morgan Stanley in 1990 and was promoted to Managing Director in 2002. He is a member of the Firm’s Operating Committee (2012), Management Committee (2008) and Morgan Stanley‐MUFG Steering Committee (2013).
Intercontinental Exchange has announced that Christopher Edmonds, currently ICE’s Chief Development Officer, will succeed Amanda Hindlian to lead ICE’s Fixed Income and Data Services (FIDS) business segment, a position that will move to ICE’s Atlanta headquarters. Edmonds has held several pivotal roles at ICE since joining the firm in 2010. He oversaw the company’s Credit Default Swap (CDS) clearing service during implementation of the Dodd-Frank Act. In addition, Elizabeth King, currently ICE’s Chief Regulatory Officer and President of its Sustainable Finance business, will add the leadership of ICE’s six clearinghouses around the world and its global risk management team, both part of Edmonds’ prior portfolio at the firm. King joined ICE in 2014 following ICE’s acquisition of the NYSE, where she served as NYSE’s General Counsel and Corporate Secretary until 2022. Prior to ICE, King served as Deputy General Counsel and Global Head of Government & Regulatory Affairs at KCG Holdings.
Millennium Advisors, a fixed income broker-dealer, has appointed Dylan Blair as a Managing Director and Global Head of US Dollar Credit Trading. Blair will be responsible for the coordination and management of Millennium’s global credit trading teams across a range of markets and is mandated to further leverage the existing capabilities of Millennium into new trading opportunities. Based in Charlotte, Blair has over 20 years of experience, most recently as Head of Investment Grade Trading at BNP Paribas in New York, where he oversaw a period of rapid expansion. Prior to that he held senior positions at both Morgan Stanley and Merrill Lynch.
Frank McAnally has joined Xpansiv as Chief Financial Officer. He brings nearly 20 years of senior finance and operational experience at financial technology companies, including Nymbus, InstaMed, FIS and SunGard, to his new post. joins from Nymbus, a banking software provider, where he was President and CFO.
Derivative Path, a provider of capital markets technology and derivatives services to financial institutions and commercial end-users, has named Kristin Kelly as Chief Product Officer (CPO) and has appointed its cofounder, Frank Purnell, to the role of the company’s inaugural Chief Innovation Officer. Kelly brings two decades of experience leading product development and strategy at high-growth trading and investment technology companies, most recently as Head of Product at Allvue and previously as Regional Head of Product Management at Fidessa Corporation. Before joining Derivative Path, Purnell spent seven years at Wells Fargo in diverse trading and technology capacities. He has also managed the interest rates derivatives trading desk at KeyBank.
Genesis Global, a low-code application development platform purpose-built for financial markets organizations, has hired Nitin Gupta as Chief Revenue Officer. Prior to Genesis, Gupta was the Americas Sales Leader for Global Financial Services EMEA at Amazon Web Services, where he also held other senior business development roles over eight years.
Finery Markets has appointed Marko Jagustin as a Strategic Advisor to the Board, as part of an ongoing effort to strengthen the company’s senior leadership team. He has an extensive background in FX and CFD markets and over 20 years experience in the financial industry. Jagustin most recently held a senior role as the Head of Liquidity Provision at Exness, where he was responsible for establishing and launching the company’s B2B division.
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