MUFG Appoints Stu Taylor to AI Strategy Role as Financial Sector Sees Leadership Shifts
MUFG has appointed Stu Taylor to a newly created role overseeing AI strategy for the bank’s global markets division, excluding Japan, according to a source. Taylor, who joined MUFG in 2020 as head of electronic trading, was succeeded by Sheryl Wang, head of fixed income e-trading. His prior experience includes founding Algomi, a fixed-income fintech acquired by BGC in 2020, and advisory roles at Cloud9 and Symphony.
Wells Fargo Expands Quantitative Investment Strategies with Natalia Naber
Natalia Naber has joined Wells Fargo to lead its quantitative investment strategies (QIS) business, following her role heading QIS distribution for Asia at UBS. The bank has also hired Jasdeep Maghera to oversee equity derivatives structuring, according to LinkedIn profiles. A spokesperson for Wells Fargo did not respond to a request for comment.
Barclays Faces Leadership Changes in Risk and Derivatives Departments
Steve Portway, Barclays’ operational risk head, has left the firm after 14 years, with his new role undisclosed. He previously served at UBS and SG Warburg & Co. In a separate move, Chanel Rock was promoted to head of group op risk strategy at Barclays, alongside her existing role.
Kalshi Bolsters Institutional Focus with New Hires
Prediction market operator Kalshi has appointed Udesh Jha as head of exchange analytics, following the hiring of Andy Ross as head of institutional earlier this year. The firm is expanding beyond sports betting, partnering with Tradeweb to enhance institutional access to prediction market data.
Citi Strengthens FX and Covered Bond Teams
Citi has named Florian Eichert as a trader on its sovereign, supranational, and agency (SSA) and covered bond team, effective August. Eichert joins from Crédit Agricole, where he led covered bond and SSA research. The bank also appointed Andrei Kazantsev as global head of foreign exchange exotics trading, leveraging his 15-year tenure at Goldman Sachs.
Societe Generale Names New Japan Leader Amid Staff Changes
Marc Saffon has been appointed group country head for Japan at Societe Generale, succeeding Bruno Gaussorgues. Saffon, a 30-year veteran, will report to Jerome Niddam, the bank’s Asia-Pacific CEO. The firm has also seen departures, including Ruchir Sharma, co-head of FX options trading, and other European FX traders.
Mizuho Promotes Guy Reid to Lead EMEA Banking
Mizuho has promoted Guy Reid to head of banking for Europe, the Middle East, and Africa (Emea), replacing Slava Slavinskiy. Reid, who joined the bank in 2013, previously led primary capital markets in the region.
High-Frequency Trader Jane Street Hires Ex-Barclays Executive
Jane Street has hired George Fordham, a former Barclays director in electronic foreign exchange trading, in a sales and trading role. The firm has expanded its spot FX market-making business to include direct bilateral streaming.
Cboe Appoints Boudewijn Duinstra as Chief Risk Officer
Cboe has named Boudewijn Duinstra as chief risk officer, with the role reporting to CEO Craig Donohue. Duinstra, previously CEO of ABN Amro Clearing’s US business, will lead global risk management.
Bank for International Settlements Announces New Board Members
The Bank for International Settlements (BIS) has appointed Fabio Panetta, governor of the Bank of Italy, as chair of its board. Gabriel Galípolo of Brazil’s central bank will lead the meeting of governors of major emerging market economies, while Michele Bullock of Australia’s central bank will chair the Asian Consultative Council.
Kevin Warsh Confirmed as Federal Reserve Chair
Kevin Warsh was sworn in as chairman of the US Federal Reserve’s board of governors in May 2025, following his nomination by President Donald Trump. He was unanimously selected as Federal Open Market Committee chairman.
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