Key facts
- Javier Rodriguez de Colmenares joins Lloyds from Santander, where he spent 17 years, the last three as global chief risk officer for corporate and investment banking in London.
- Stephen Shelley spent almost 22 years at Barclays before joining Lloyds and joins the board of Legal & General Group in early December.
- Natwest promoted Isabelle Girolami, currently head of corporate and institutional banking, effective January 1, 2027.
- Natwest's Jonathan Peberdy, CEO of Natwest Markets, will become head of the ring-fenced bank.
- Walid Assaf, currently Credit Agricole CIB's head of global markets trading, will take over Peberdy's role, subject to regulatory approval.
- Barclays declined to comment on the hire of Tristan Wood as global head of foreign exchange options trading.
Lloyds Banking Group has appointed Javier Rodriguez de Colmenares as chief risk officer, following the departure of Stephen Shelley after nine years in the role and 15 years with the British banking group. Rodriguez de Colmenares joins from Santander, where he spent 17 years across a range of disciplines in both Europe and Latin America, the latter three as global chief risk officer for corporate and investment banking in London.
Shelley, before joining Lloyds, spent almost 22 years at Barclays in a variety of coverage and risk roles in wholesale banking, per his LinkedIn profile. In early December, he joins the board of Legal & General Group. He is the second high profile departure from the Lloyds executive team this year, following Victor Weigler's retirement from his post as chief technology officer in April. Lloyds recently announced HSBC's Jane Gilmour as his replacement, effective January, 2027. Gilmour has spent two years at HSBC as CTO of group functions technology.
Natwest Group is reshuffling its executive team and has promoted Isabelle Girolami, currently head of corporate and institutional banking, to chief executive officer of commercial and industrial banking. Her move, effective January 1, 2027, also sees her join the group executive committee. Girolami joined Natwest in 2025 in her current capacity, and was previously chief executive officer at LCH Ltd. Jonathan Peberdy, CEO of Natwest Markets, will become head of the ring-fenced bank, which handles retail and commercial banking services. Walid Assaf, currently Credit Agricole CIB's head of global markets trading, will take over Peberdy's current role, subject to regulatory approval. Robert Begbie, the banking group's commercial and institutional CEO, will become executive chair, Scotland, and senior advisor for commercial and institutional banking.
MUFG has hired Dylan Roy, the former FICC chief at UBS, as global head of G10 Rates, ex Japan, in New York. Roy spent 12 years as global co-head of fixed income trading at UBS, which he left in 2022. Prior to joining UBS, he was an interest rate options trader at Barclays in London for 14 years.
Bank of America is combining its corporate bond, credit index and exchange-traded fund trading businesses into a new global credit macro and FICC ETF trading team, co-headed by Rory O'Donovan and Amit Patel, as reported by Risk.net. O'Donovan and Patel also retain their respective current roles as head of US investment grade trading and head of developed markets flow and mortgage trading in Europe, Middle East and Africa. The change follows the October departure of Derek Hafer, global head for macro and systematic trading, who will join RBC in January to head the credit and municipal trading business. The Canadian bank has expanded its North American credit trading business in recent years.
Will Thomas has joined Standard Chartered as global head of fraud risk management in Hong Kong, Thomas joins from HSBC Hong Kong, where he has held a variety of risk roles over the course of a decade and was most recently Asia head of fraud. He previously spent six years at Lloyds Banking Group, where he also worked in digital security and fraud.
Barclays has tapped Tristan Wood, formerly of BNP Paribas, as its global head of foreign exchange options trading in London. Wood spent 15 years at the French bank and left as global co-head of FX options. Barclays declined to comment on the hire.
Societe Generale has hired Dider Louiseau as global co-head of pre-trade technology and head of FIC Technology in Paris, Louiseau announced on LinkedIn. He joins from trading software provider Murex, where he worked for 23 years, and left as global head of trading and financial engineering.
Zubin Ramdarshan is leaving Eurex, where he currently serves as global co-head of derivatives products, as reported by Risk.net. He leaves after a ten-year tenure that began at Eurex parent company Deutsche Börse. He was the exchange's head of derivatives product design across equity and index product research and development for eight-and-a-half years. In April 2025, he was promoted to his current role, which involves managing exchange-trading liquidity, client solutions and cross product innovation with his co-head Lee Bartholemew. His previous roles include running the European volatility trading desk at Macquarie, leading European ETFs and options trading at Jeffries and a short stint running the ETF desk at Cantor Fitzgerald. The move comes just a month after Robert Booij, Eurex's CEO, announced he would step down on Jan. 1, 2027. Booij will be succeeded by Eric Leuopold, who is currently managing director, cash market and chief of staff for Deutsche Börse's trading and clearing division.
Tina Hasenpusch has stepped down from her role as global head of clearing house operations, banking and collateral management at CME Group, she announced on LinkedIn. She leaves after 17 years with CME, which she joined as head of clearing and business development in 2009. She previously spent just over a year in strategy and planning at Barclays Capital and three years in trading and clearing market development at Eurex. Hasenpusch also represented CME on the board of the International Swaps and Derivatives Association for four years.
The US Federal Deposit Insurance Corporation (FDIC) has made several appointments across the office of the chairman and its legal division. Cynthia Sjoberg Radway joins as deputy to chairman Travis Hill and chief operating officer to lead the agency's internal operations. Her previous role was with the Department of Homeland Security, where she served as chief operating officer for the Federal Emergency Management Agency. The following have joined as senior counsel to the chairman: Janie Faulkner, who joins from a role as staff director to the US Senate Banking Committee; Michael Overmyer, who most recently served as senior special counsel in the FDIC's legal division; and Ryan Rappa, following a role as senior advisor to the under-secretary for domestic finance at the US Department of the Treasury. Mark Buresh is appointed deputy general counsel for the regulation and policy branch in the legal division. He joins from the Federal Reserve's legal division, where he was most recently senior special counsel in the banking regulation and policy group. Dean Conway, a former assistant chief litigation counsel and 24-year veteran of the Securities and Exchange Commission, was appointed deputy general counsel in the litigation branch of the legal division.
Fnality, a financial tech company that aims to build digital wholesale payment systems for major banks, has hired Roger Nolan as its new group chief operating officer in London. He was previously COO of LCH Limited, the UK clearinghouse subsidiary of London Stock Exchange Group and COO of listed derivatives and markets clearing business at Deutsche Bank, where he helped build out its over-the-counter derivatives business.