Commercial

Key Themes

The Payments and Commercial sector seems to be busy outside of the UK in Africa, Asia and Europe. People are now getting on with strategic hires they have been sitting on for a while. Candidates are willing to look at international locations again but are more cautious than they were initially for obvious reasons. TA people have been focusing more on INTERNAL talent moves over the last five months but are now starting to look at external candidates once more.

The commercial practice has shared a market update with payments moves and news that’s gone out to 1100 business heads, HR and TA people and it has been well received with several conversations off the back it. We are also running CEO and HR in payments roundtables in October and we’ll be introducing the latest US Partner Kevin Parker who has joined the Commercial Practice from Dallas. See here for more information on Kevin.

Key Commercial Moves: Q3 2020

  • American Express Co. hired Colleen Taylor to oversee its efforts to entice more U.S. merchants to accept the firm’s cards. Taylor will join in the newly created role of president of merchant services in the U.S. and report to Anré Williams, group president of global merchant and network services. She joins AmEx next week, overseeing the firm’s relationships with the millions of U.S. businesses that accept its cards.
  • JP Morgan have promoted Consumer banking Chief Executive Thasunda Brown Duckett to the Group EXCO with a number of other hires across the business.
  • Citigroup has hired David Poole, a Bank of America/Merrill executive, to be the new head of wealth management at its U.S. Consumer Bank. Poole has significant experience in the online brokerage world, having worked at E*Trade and then at Merrill Edge, where he led advisory, client services, operations, and digital. In that role, he had responsibility for Merrill’s online brokerage for DIY investors as well as its digital investment management offerings.
  • Standard Chartered have named Judy Hsu as the head of consumer, private and business banking, a newly created division. Hsu is currently regional chief executive of Asean and South Asia. She is responsible for growing the affluent client base and will continue to be based in Singapore.
  • The banking giant HSBC has appointed Annabel Spring as chief executive of global private banking and Taylan Turan as group head of customers, products and strategy for wealth and personal banking. Spring was most recently group head of customers and products for wealth and personal banking. Turan is currently group head of strategy and chief of staff for wealth and personal banking.
  • Paysafe Group, a leading specialized payments platform, has appointed Ismail (“Izzy”) Dawood as its new Group Chief Financial Officer. Based in the US, Dawood will report in to Paysafe CEO, Philip McHugh, who joined the company on September 28. Dawood brings to Paysafe a proven track record of over 25 years in financial leadership and has previously held CFO positions in both public and private organizations. His extensive experience includes corporate finance, treasury, investor relations, tax, financial planning and analysis, operational performance management, controllership, M&A and strategy. Dawood joins Paysafe from Branch International, a financial services organization targeting the mobile generation, where he was their CFO.
  • Google Cloud has brought in Barclays, BBVA and US Bank veteran Derek White as its vice president of global financial services. White takes on responsibility for setting the strategy for Google’s financial services cloud efforts as it battles AWS and Microsoft to win over banks, insurance companies and other financial services firms. He is charged with partnering these clients to “transform and help redefine their core businesses into state-of-the-art digital operations”. A 20-year financial services technology veteran, White joins from US Bank, where he was chief digital officer. Before that he held similar senior digital roles at BBVA and Barclays.

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