ON THE MOVE: BNP Paribas Hires Wang from Barclays; Northern Trust Adds Western, Cannell

BNP Paribas appointed Sarah Wang as Head of Structuring Americas. In her role, Sarah will become the Solutions leader for the Americas, heading the Structuring teams across business lines. She will help drive a holistic, strategic dialogue with clients and deliver value-add solutions and financing.  Previously, Sarah worked at Barclays for 16 years most recently as Head of Securitized Product Solutions Structuring in the US. Prior to that, Sarah was Head of Structuring in APAC and held various structuring roles in cross-asset, emerging markets and credit both in Asia and the US.  

Northern Trust appointed Jane Western as chief operating officer of Front Office Solutions and added Deirdre Cannell as senior business development executive for Front Office Solutions. Western has served on the Front Office Solutions leadership team since August 2019 and served as interim COO since December 2019. She has had a distinguished professional career in operations and risk management for asset owners, including senior roles at Wilshire Associates, Fidelity Investments, Ameritech, The Boeing Company and The American Red Cross before joining Northern Trust. Cannell came to Northern Trust from SS&C where she worked in business development and key account management. She also previously worked at SimCorp and Bridgewater Associates.

One of Credit Suisse Group AG’s most prominent executives in Asia, Alain Lam, is joining Chinese smartphone maker Xiaomi Corp as chief financial officer, Bloomberg reported, citing people familiar with the matter. Lam, head of the technology and media practice within Credit Suisse’s investment banking and capital markets group in Asia Pacific, will take on his new role as early as September, the people said. Xiaomi’s previous CFO, Chew Shou Zi, has already been appointed president of international operations.

Veris Wealth Partners, a wealth management firm with $1.5 billion in AUM, appointed two new Partners, General Counsel Richard Chen and Chief Operating Officer, Stephanie Cohn Rupp, to help the firm grow and maintain its commitment to impact investing. The news comes in conjunction with the announcement of the retirement of two of the company’s Founding Partners, Steve Fahrer and Anders Ferguson at the end of this year.  Chen is a graduate of Harvard College and Harvard Law School and an expert on investment adviser compliance and regulation, business structuring and transactions, private fund formation and cybersecurity preparedness. Cohn Rupp is focused on building further Justice, Equity, Diversity and Inclusion (JEDI) at the firm and more generally in the sector of finance. She is the former Head of Impact Investing at two RIAs, and the former CEO of Toniic. 

CIA Omnigage, a provider of premium multi-channel communications solutions, has appointed Daniel Duran, a veteran financial services sales executive, as co-CEO effective September 1. In his role, Mr. Duran will draw on his 20+ years of experience in sales, strategy, and leadership to accelerate CIA Omnigage’s growth while managing the Company’s strategy, including sales, marketing, and partnerships. Mr. Duran was previously vice president of sales at Tier1 Financial Solutions.

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has selected the candidates for the CCP Supervisory Committee set-up under the amended European Market Infrastructure Regulation (EMIR 2.2). Following an open selection process, the Board of Supervisors has submitted to the European Parliament its selected candidates, which it, after having heard them, shall approve or reject. The selected candidates are: 

1. Chair of the CCP Supervisory Committee: Mr Klaus Löber, currently Head of the Oversight Division at the European Central Bank (ECB); 

2. Two positions of Independent Member of the CCP Supervisory Committee: 

Ms Nicoletta Giusto, currently Senior Director and Head of International Relations at Commissione Nazionale per le Società e la Borsa (CONSOB); 

and Ms Froukelien Wendt, currently Senior Financial Sector Expert at the International Monetary Fund (IMF).