People: Barclays IB pivots to co-CEOs, SocGen in shake-up, and more
Left to right: Mike Joo and Adeel Khan
Barclays has hired Bank of America’s Mike Joo to co-head its investment bank alongside Adeel Khan, who has been one of four co-heads leading the business since 2024.
The move, which re-brands the senior-most roles as co-chief executive officers, is part of a bid to power up Barclays’ dealmaking performance while also cutting costs at the top of the investment bank.
Joo assumes his new role in early 2027, subject to regulatory approval. He joins with a two-decade track record at BofA, most recently as co-head of global investment banking. At Barclays, he will also take up responsibility for investment banking, while Khan continues as head of global markets. Both will sit on Barclays’ group executive committee.
The latest shake-up overturns a leadership structure introduced by bank CEO CS ‘Venkat’ Venkatakrishnan in 2024, which has seen Khan running the investment banking business alongside Stephen Dainton, Cathal Deasy and Taylor Wright. Dainton, an equities veteran who previously worked at Credit Suisse and Goldman Sachs, announced his retirement from the bank last month. It is not known whether Deasy and Wright will move to new roles following Joo’s arrival.
Bill Stenning has retired from his role as head of market infrastructure and UK public affairs at Societe Generale, according to his LinkedIn profile. Since joining the French bank in 2011, he has been an active voice on a range of regulatory and market structure topics, including over-the-counter derivatives clearing.
Stenning has represented the firm on a range of key industry committees, including at the International Swaps and Derivatives Association, and held nonexecutive directorships for key infrastructure bodies, including CLS Group and Paris-based LCH SA.
Starting his career as an accountant at KPMG, Stenning later spent time at Cargill and Chase Manhattan before becoming the founding chief operating officer of the dealer-backed electronic confirmation network SwapsWire, which was bought by Markit in 2008 and renamed MarkitWire. Shortly after the launch of the new service, Stenning was appointed COO for trading activities at SunGard (now part of FIS). He then ran business development at the Depository Trust & Clearing Corporation before making the move to SocGen.
Francisco Oliveira has left his role as Societe Generale’s co-head of global markets after jumping from local rival BNP Paribas only two years ago.
Following his departure, Hatem Mustapha, formerly co-head of the markets division and head of equities and equity derivatives, has taken up the role of sole head of global markets.
Hatem Mustapha
Oliveira was tasked with accelerating SG’s fixed income business to balance a global markets revenue heavily skewed to equities. In the first half of 2026, equities still accounted for around two-thirds of the bank’s global markets revenues, as fixed income, currencies and commodities income fell by 15% compared to a year prior.
His departure also comes after a string of exits in FX sales and trading at the bank. John Estrada, former head of FX, left the bank in February and was followed in recent months by Ruchie Sharma, co-head of FX options trading, Mickael Koskas, emerging markets FX options trader and Mario Stoppoini, emerging markets FX trader. At least three of the FX team in New York also left the bank.
Liane Santenero
The French bank has also appointed Liane Santenero as head of global transaction and payment services, effective October 1. She will succeed David Abitbol, who has been appointed as its COO in Asia-Pacific. Santenero joins Societe Generale from BNP Paribas, where she was most recently head of corporate coverage Germany. Her more-than 25-year-long career has included leadership positions across client coverage, strategy, business development, risk management, transaction banking and structured finance.
Mustapha and Santanero are based in Paris, where they report to Anne-Christine Champion and Alexandre Fleury, co-heads of global banking and investor solutions. Both will serve as members of the bank’s group management committee.
Prediction markets operator Kalshi has appointed Jeff Bandman as CEO of Kalshi Prime, its futures commission merchant. A former head of the Commodity Futures Trading Commission’s division of clearing and risk and six-time winner of US TV quiz Jeopardy!, Bandman left the regulator in 2017 to pursue opportunities in digital assets.
Between 2019 and 2024, he led Kalshi’s regulatory strategy, playing an instrumental role in securing its designation as a CFTC-regulated exchange and paving the way for its 2021 trading launch.
He has since worked as an advisor to fintech firms on innovation and regulation in financial services and recently served as COO and general counsel at crypto investment firm 6529 Capital. He sits on post-trade committees of the European Securities and Markets Authority and is chair of the board of directors for the Global Blockchain Business Council.
Erik Bergman
Natixis corporate and investment bank has appointed Erik Bergman as head of Nordics, overseeing development and management of clients across the region. He took up the new role at the end of June and reports to Alain Gallois, the bank’s global head of advisory and coverage, and head of Europe. He also joins Natixis CIB’s Europe executive committee.
With over 25 years’ experience in the Nordic corporate and banking sector, Bergman has held roles at HSBC, Societe Generale, JPMorgan and BNP Paribas, prior to joining Natixis.
Wells Fargo has hired Chris Ficano as head of institutional commodities sales in its corporate and investment banking markets division. He reports to head of commodities Ryan Moffet. Ficano joins from BMO, where he served as a director of institutional commodity sales, and previously held roles at Goldman Sachs and BNP Paribas.
Ficano’s appointment follows a string of 2026 commodities hires at the bank, including Brent Masucci as COO of commodities from Morgan Stanley, Chris Kenny, an energy commodities trading MD, and Warren Wu an executive director in environmental commodities trading, who joins from Bank of America.
Citi has appointed Benjamin Benson and Ranald Falconer as directors of its Europe, Middle East and Africa futures execution team with responsibility for global cross-asset futures sales and trading globally. The hires come in a move to bolster the firm’s multi-asset trading franchise.
Benson most recently served at UBS, having previously worked at Goldman Sachs and Morgan Stanley over a 17-year career. Falconer joins from a 10-year stint at Goldman and previously spent five years at Morgan Stanley.
Sam Waldon, principal deputy director of the US Securities and Exchange Commission’s division of enforcement, left the agency on July 31 after 14 years of service. Waldon served as acting deputy director of enforcement from October 2024 to January 2025, before taking over as acting director in both 2025 and 2026.
Former enforcement division staffer Osman Nawaz succeeds Waldon in the post. Nawaz served at the SEC between 2010 and 2024 and has held various roles in the enforcement division, including staff attorney, assistant regional director and chief of the complex financial instruments unit.
Adeshini Naidoo
The Futures Industry Association has appointed Adeshini Naidoo as head of its European policy team, effective September 14.
Naidoo’s previous experience includes the Bank of England, the Financial Conduct Authority and the European Commission. She will work on both UK and EU policy, based initially in FIA’s London office and relocating to Brussels next year.
Roland Chai
Nasdaq has appointed Nikolaj Kosakewitsch to lead its European market services, effective August 11.
He succeeds Roland Chai, who will now lead the exchange’s digital liquidity networks, focusing on tokenisation and fintech solutions in digital assets.
Kosakewitsch will oversee Nasdaq’s trading, listings, clearing and market infrastructure operations across the region, including its flagship stock exchange businesses in the Nordics and Baltics. He joined the exchange in 2017 as president of Nasdaq Copenhagen, a role he maintains until Nasdaq appoints a successor.
Stephen Luparello will retire as chairman of the Options Clearing Corporation in January 2027.
Michael Bodson (pictured) will succeed him as a chair. Bodson, who also chairs the Federal Home Loan Bank’s Office of Finance, served as president and CEO of The Depository Trust & Clearing Corporation from 2012 to 2022, before which, he held various roles at Morgan Stanley.
The OCC also announced the appointment of Matthew Hulsizer and Brian Donnelly to its board.
Cboe Global Markets has hired Jessica Horsfall as head of market data and access services for Europe. She will oversee resilient client access to Cboe’s European trading venues and data products.
Tobias Paulun has been appointed CEO of the European Energy Exchange. Paulun previously held the same role at its clearing house, European Commodity Clearing, where he will be replaced by Sabina Salkic, effective April 2027. CRO Ralf Prinzler will serve as interim CEO. Salkic joins from Deutsche Börse Group, where she has served as head of governance and organisational services since 2023.
Editing by Louise Marshall
