ON THE MOVE: Changes at BAML

ROW Asset Management, the quantitative global macro investment firm, hired Andy Schneider as Managing Director, Global Head of Business Development. Schneider brings more than 18 years of investment management business development experience with over 10 years working within the systematic trading space. Previously, Schneider was Director of Business Development, North America for ISAM, a London-based systematic investment manager. Between 2009 and 2016, he worked at Campbell & Co., focusing on domestic institutional sales and consultant relations and from 2002 through 2008 at Legg Mason Capital Management as Manager of Business Development and Institutional Sales.

Bank of America onboarded Greg Lyons from Goldman Sachs as head of global central risk book. Also at the bank, the former head of equities trading strategies Ajay Khanna retired recently. Jacob Kaippallimalil, head of global central risk book appointed in 2018, left BoA and joined Schonfeld Strategic Advisors this year.

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HCXI, a blockchain and AI based risk solutions company focused on managing alternative and emerging risks as new asset classes, appointed former Swiss Re and AIG executive David Bassi to its advisory board. Bassi joined the HCXI Advisory Board with over 25 years of experience in the global insurance industry most recently serving as a Managing Director at Ernst & Young in Boston. Prior to this role, he served as the Head of Innovation and Risk Consulting, Casualty, at AIG and held various risk management roles at leading companies including Swiss Re and General Electric.

New America Alliance (NAA) announces the appointment of Solange Fernández Brooks as its new Chief Executive Officer, beginning January 2020. Brooks has served as Portfolio Manager within the Investments Branch of the California State Teachers’ Retirement System (CalSTRS), where she manages a global portfolio of limited partnerships.

Legal & General Investment Management (LGIM) announced the appointment of Kim Brown as Pension Scheme Director for the L&G Mastertrust and the Independent Governance Committee (IGC). She joins from The Pensions Regulator, where she was Head of Master Trust Authorisation and Supervision. Having stepped down from that role and following a period of leave, Brown will join LGIM in February 2020.

KRM22, a technology and software investment company that focuses on risk management for capital markets, grabbed Steve Sparke as a Non-Executive Director of the Company. He will replace Matt Reed, Independent Non-Executive Director, who is stepping down to focus on other business commitments.

Sparke has over 30 years’ experience in the Exchange Traded Derivatives (ETD) and commodity industry with extensive board-level experience for global ETD and commodities organisations. He has a deep understanding of application of IT for strategic advantage and extensive expertise in optimising operational functions included technology, legal, risk and compliance.

OANDA hired industry veteran David Grant as its new Chief Operating Officer, Asia Pacific. Based in Singapore, he will be responsible for overseeing the firm’s administrative and operational functions as well as enhancing the overall efficiency of the business.

Grant brings with him more than 20 years’ experience in the electronic trading industry. Having previously held the role of Chief Executive Officer in the Singapore offices of City Index and OptionsXpress, he joins OANDA from Gain Capital where he served as APAC Chief Operating Officer. His career has also spanned several leading financial institutions including Goldman Sachs and E*Trade.

XTX Markets, a non-bank FX liquidity provider and market maker, has landed E-FX banking specialist Andrew Webber. Webber joins XTX Markets’ Global Distribution team after a lengthy career in the capital markets space, during which he has focused on foreign exchange analytics and held several trading roles. He joins XTX Markets from BNP Paribas, having worked with the French lender for the past two years as Head of eFX Client Analytics. Prior to that, he was a senior quantitative trader at Sun Trading LLC, a Chicago-based privately held proprietary trading firm.