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For more information please see below for a list of contacts

Permanent and market intelligence enquiries:

London HQ – Philip Young

EMEA – Chris Rowe

Asia – John Hetherington

Americas – Charles Parsons



London HQ – Helen Vowls

EMEA – Chris Rowe

Asia – John Hetherington

Americas – Simon Mayo


  • Risk and control operations continues to be an area of activity both from a line and change perspective. Morgan Stanley and HSBC, amongst others, have made senior hires within derivative operations and middle office. This is a departure from the previous hiring activity in operations which was largely change and regulatory driven.
  • Technology is being leveraged as a driver for growth and providing solutions to aid the ever-increasing regulatory pressures. We are seeing the adoption of agile technology delivery become more of a focus for CIOs, to drive the digital transformations across the financial services sector, utilising data analytics. As banks address the cost base of technology, focus has shifted onto location strategies that have been adopted and the mix of captive offshore development centres versus outsourced delivery with vendors.

Key Moves


  • Throughout 2015 hiring activity across the major banks has picked up significantly. The focus of investment in technology has been relatively broad; including the capital markets divisions as well as corporate and commercial banking divisions.
  • Darryl West’s appointment as HSBC’s Group CIO earlier this year has led to a number of senior hires.
    • Ganesh Balasubramanian has joined as Deputy Group CIO from Wipro

    • Jason Davey has joined as Head of IT Risk and Control from Barclays.

    • Mikael Michau joins within central programme delivery from Lloyds Banking Group.

    • Andrew Weir joins from Sage Pay as Group CTO.

  • Citi has announced senior departures in its ICG technology division.
    • Neil Boston (Global Head of FX IT) joins Bank of America.

    • Rich Crossley (Global Head of Equities IT) joins JPMorgan.

    • Eduard Fabian has left Citi, where he was APAC treasury and trade services technology head, joining United Overseas Bank (UOB) as CIO for retail and wholesale.

  • Ongoing changes at Deutsche Bank include:
    • Sarah Berwick (Head of Regulatory IT) joins JPMorgan.

    • Chris Tribelhorn (Head of Front Office Risk IT) resigned to join Credit Suisse.

    • Gill Lungley, (Group IT COO) joins Credit Suisse.

    • Markus Sontheimer, the global head of finance IT leaves to join    Schenker (part of Deutsche Bahn).

    • Pascal Emile, who left Deutsche Bank earlier in the year, joins Credit Suisse as CTO.

    • Henry Ritchotte became Chief Digital Officer at Deutsche Bank, formerly COO for the bank.

  • Senior management changes at Barclays include:
    • Ian Buchanan was appointed Group CIO earlier this year.

    • Tony Kerrison has been hired from Bank of America as Global Head of Infrastructure.

    • Matt Mansour has joined from GE Capital as Head of Application Services.

    • Nigel Walder joined from Deutsche Bank as Corporate Functions CIO.

  • Location strategy and technology delivery structures has been an ongoing focus for banks.
    • Sumeet Chabria joined Bank of America from HSBC to lead the bank’s enterprise global delivery organisation.

  • The corporate functions technology market continues to be active, with a number of senior moves between banks.
    • Melissa Goldman’s move from Goldman Sachs to JPMorgan as Global Head of Risk and Finance has led to a number of hires within JPMorgan.

    • Angelo Curreli, hired as Head of Liquidity Risk IT from Goldman Sachs.

    • Al Youssef joins as Global Head of Finance IT, also from Goldman.

    • Steve Beasty joined JPMorgan as CIO for Merchant and Card Services from Bank of America, replacing Jon Saxe. 


  • Matt Seager has joined Morgan Stanley as Asia Head of Derivative Operations, based in Hong Kong. He was previously with Goldman Sachs as Asia Head of Securities Operations.
  • Paul Scott has joined Barclays as Global Head of Payments Operations. He joins from Deutsche Bank where he was in the risk and control operations team.
  • Karen Everingham has been appointed Head of Markets Operations at RBS. She is a direct report of Adam Wheelwright who is Head of Technology and Operations for the markets business. 

Asset Management 

  • Movement amongst heads of technology within asset management continues, with 2015 hires already including:
    • Stewart Carmichael joining as the CIO for Schroders.

    • Adrian Grimshaw joining M&G as Head of IS.

    • Rahul Merchant appointed as CIO for TIAA-Cref after the departure of Annabelle Bexiga.

    • Matthew Oakeley, the former Schroders CIO, appointed as the CTO for Investec Asset Management.

    • Jane Lenton, the former Head of Technology and change for Hermes Investment Management, joining Allianz as the European Head of IT.

  • Iain Plunkett has been appointed as Global CTO for Aberdeen Asset Management, continuing the theme on the buy side of heads of technology being appointed with banking backgrounds.
  • Nigel Faulkner has joined T. Rowe Price as Global CIO from Credit Suisse.
  • Trevor Hunt joined Columbia Threadneedle as Head of Global Programme Management. He was formerly at UBS where he was Global Head of Asset Management Operations.
  • Christa De Stefano joins BlackRock in New York from Barclays where she was Global Head of Client Operations.

Hedge Funds 

  • Hedge funds continue to attract sell side technologists, including:
    • Andrew Tseng, former UBS MD, joining Moore Capital in London as Technology Advisor.

    • Bill Cassidy has replaced Sanjeev Jain as Global CIO for Och Ziff.

    • Bryan Dougherty has joined Arcesium from its parent company (D. E. Shaw & Co) as Head of Technology. 

Market Utilities 

  • Jon May joined Markit earlier this year as CEO of the joint venture with Genpact.
  • Andrew Whyte has moved from Goldman Sachs to SunGard as CEO of the derivatives utility.
  • Luke Moranda became CIO of the Options Clearing Corporation, from JPMorgan where he was MD of clearing technology.
  • James Powell leaves Thomson Reuters to join Nielson as CTO.
  • Hasan Dewan joined E*Trade as the head of software development, from BNY Mellon.

 CISO and IT Risk 

  • The security market remains active, with CISO hires at most of the major banks and increasingly the CISO role gains further interest with insurers, asset management firms as well as hedge funds.
  • Paul Gillen was hired by Barclays as Head of Security Operations from Europol, where he had previously worked with Troels Oerting.
  • Hires across information security and IT risk also include:
    • Stefan Vogt (IT risk) at Credit Suisse from SIX Group.

    • Gary Lorenz (IT risk) at AIG from MUFG Americas.

    • Rani Baki (IT risk) at Sumitomo Mitsui from RBS.

    • Steve Scharf (CISO) at DTCC from Experian.

    • Al Tarasiuk (IT security) at Deutsche Bank from the Office of the Director of National Intelligence.

    • Steve Sparkes (COO to the CISO) at Bank of America from Incapture Technologies.


  • Areas of focus within infrastructure include; cloud-computing, outsourcing and offshoring. A number of organisations are focusing on improving their  in-house infrastructure-as-a-service (IaaS) capabilities. Several banks have been building up their infrastructure teams in “medium cost locations,” focusing in particular on the operational components. In low cost locations like India, captive teams have preferred to use third parties for cost and quality reasons.
  • Tony Kerrison joined Barclays as Global Head of Infrastructure, from Bank of America.
  • Nigel Hayward has joined Deutsche Bank as EMEA Head of Infrastructure, from JPMC.
  • Steve Schwartz has joined Bank of America as an MD in information security, from Goldman Sachs where he was Head of Infrastructure
  • Technology Risk.
  • Pat Healey became CTO of infrastructure and shared technology services at Deutsche Bank, joining from RBS.
  • Graeme Hay joined Morgan Stanley in the CTO organisation.
  • Tom Scarpati joined TD Ameritrade as Head of Infrastructure, from Goldman Sachs where he was Global Head of Networks.
  • Sameer Malhotra left JPMorgan Chase where he was Co-Head of Compute.
  • Mark Etherington joined REDI Global Technologies as CTO, from Goldman Sachs.
  • John Weir, Head of Middleware Engineering at Goldman Sachs resigned.


  • Gary Ma has joined Bank of China International as Group CIO, he was previously APAC CIO and APAC Head of Infrastructure for UBS.
  • Mark Krabbenbourg joined Lloyds Banking Group as the CIO for corporate and transaction banking.
  • Luke Bazzard joined Close Brothers as CIO.
  • John Stefani joined Credit Suisse as COO for capital markets IT and client connectivity, working for Steve Hook. He was previously COO for IT and the aggregation services business at CLS Bank.
  • Chris Bannocks has joined ING as its Chief Data Management Officer. He worked as a consultant after leaving Barclays.
  • Brian Greaney has joined E*Trade as Global Head of Client Operations. He was previously at UBS where he was Americas Head of Equities Middle Office. 


  • The interim market continues to be buoyant, in particular for regulatory oriented initiatives. Clients across the city chase the same talent pool for interim consultants to implement regulation such as the Senior Managers Regime, Ring-Fencing and MiFID II. 
  • Within risk and compliance technology there continues to be demand for specific experience of implementing AML, anti-financial crime and market abuse surveillance solutions.
  • We have seen a significant uplift in demand for talent in the front office risk and control space, where the focus on embedding first line of defence controls continues to grow.  
  • Seasonal tenure restrictions and mandatory leave have already been announced across Barclays and Lloyds.
  • Within the insurance sector, there is a move towards a shared IT and change function and therefore a demand for senior business change consultants to lead and embed the new target operating model.