Vol 4 No 39
HUMAN FACTORS
HUMAN FACTORS
MERRILL LYNCH TAPS KELLEY
Merrill Lynch is creating a new business unit titled the Managed Services Division
and has named its former CTO of Merrill Lynch Investment Management, Sean Kelley,
to lead it. The new division will provide cross-divisional solutions and services
throughout the firm’s four primary operating units: US Private Client,
Corporate and Institutional Group, MLIM and International Private Client Group.
Byron Vielehr, previously head of MLIM’s global electronic business group,
has been named to succeed Kelley as CTO of MLIM.
CLEARSTREAM APPOINTS ROELANTS
After the suspension of CEO Andre Lussi because of of money-laundering allegations,
Clearstream has confirmed the permanent appointment of Andre Roelents as its
new CEO. Lussi was charged with money laundering and other allegations revealed
in the book Revelation, but Clearstream says no evidence was brought forward
by the Luxembourg judicial authorities. They do say, however, that some investigations
into
Lussi’s activities are yet to be concluded. Roelents will be immediately
responsible for decision-making in what Clearstream terms “a difficult
period in which major industry consolidation issues are under discussion.”
Those discussions center on Clearstream’s option to pursue a buyout from
Deutsche Bourse or a merger with rival Euroclear.
HAJAS NAMED PRESIDENT AND COO AT KNIGHT TRADING GROUP
Knight Trading Group has promoted Peter Hajas to the position of president and
chief operating officer. He will be directly responsible for all of the company’s
operating units and “is charged with keeping operations and technology
moving forward,” according to Kenneth Pasternak, Knight chairman and CEO.
Hajas joined Knight at the start of 2000 when the company acquired Arbitrade
Holdings, now known as Knight Financial Products and Deephaven Asset Management
within the Knight structure. He previously held the position of managing director
of global fixed income and derivatives for Swiss Banking Corp., where he was
responsible for more than 300 traders, analysts and marketers.
EUREX ADDS DOW JONES’ REITZ
The Eurex board of directors has appointed Peter Reitz to the executive board,
effective Aug. 1. Reitz joins from Dow Jones & Co. in New York, where he
was executive director of the index division. He will be responsible for business
development at the exchange, a similar function to the one he served while with
Dow Jones. Additionally, Reitz is expected to be appointed to the general management
of Eurex Frankfurt in the near future.
REUTERS’ JOB STEPS DOWN
Peter Job is retiring as CEO of Reuters Group after ten years in that slot.
He joined Reuters as a journalist in 1963 and served as a correspondent in Paris,
New Delhi, Kuala Lumpur and Jakarta. From 1978 until 1991, Job headed the company’s
business in Asia until he was named chief executive in 1991 succeeding Glen
Renfrew. Job is a non-executive director of Schroders Public Limited and Glaxo
Smith Kline. As announced at the end of 2000 (TTW, Dec. 11), Tom Glocer
succeeds Job as chief executive. Glocer joined Reuters in 1993 as vice president
and deputy counsel at Reuters America. He became CEO of Reuters Latin America
in 1997 and president and senior company officer of Reuters America in 1998.
Before joining Reuters, Glocer was a mergers and acquisitions lawyer with Davis
Polk & Wardwell.
EDS BOOSTS FINANCIAL SERVICES
Jean-Louis Bravard has been named managing director of EDS’ financial
services division, responsible for overseeing operations in Europe, the Middle
East and Africa. Before relocating to London, Bravard served as the company’s
managing director for sales in the US. In London, he was responsible for a team
dedicated to establishing a business in the European financial community. Clients
of that group include Abbey National, Credit Lyonnais, Lloyds TSB and West LB
Panmure. Activities within the global financial sector account for approximately
16 percent of Texas-based EDS revenue.
MERRILL BOOSTS ISRAELI OPERATIONS
Hoping to increase its presence in Israel, Merrill Lynch has appointed Jerry
Mandel to lead efforts out of the firm’s newly established Tel Aviv office.
Previously, Mandel ran operations in Israel as a director in the investment
banking group from Merrill’s London office. Mandel was a member of Merrill’s
Latin American group based in New York prior to his move to London.
ABN AMRO APPOINTS TWO
Daniel Cotti has been appointed head of EMEA sales within ABN Amro’s Global
Trade and Advisory Group. Previously, Cotti held the position of regional business
manager for trade in the UK at Citigroup. Also joining ABN Amro’s Global
Trade manage ment team is Bill Ashlock, another former Citigroup executive.
Ashlock is now the global head of trade support and solution delivery for ABN
Amro in London. With Citibank, he was regional director responsible for European
trade operations. They will report to Kristin Fletcher, managing director of
the Global Trade and Advisory Group.
MERIDIEN SNAGS BELL FROM TOWER
Newton, Mass.-based Meridien Research has added previous Tower Group director
Richard Bell to its customer relationship management practice. While with rival
firm Tower, Bell founded its electronic banking research practice. With Meridien,
he will contribute to the retail electronic finance practice but focus primarily
on CRM. A graduate of North Carolina State University, Bell has also held executive
positions at several technology consulting and software development firms.
