BNY Mellon Pershing appointed Umar Zaman as head of strategy for its EMEA business, based in London. Zaman brings more than 20 years’ experience to the role, having worked in a range of senior positions at various global organisations, including AXA Investment Managers, EY, and PwC. Most recently, he served as head of strategic initiatives and innovation at Investec Wealth & Investments. In the newly created role, Zaman becomes responsible for shaping the firm’s EMEA strategy and value proposition. He will report to head of Pershing EMEA, Cécile Nagel, and will also join the Pershing EMEA executive committee.
Rebecca Scott was named global head of equity over the counter (OTC) settlements at Morgan Stanley, following a promotion from executive director. She previously held the position of EMEA head of equity OTC settlements and vice president of operations, focused on equity derivatives and cash settlements. Scott’s experience includes equity swaps, operational risk management, and business process optimisation.
Cantor Fitzgerald Europe appointed William Lindsay as its new head of technology, media and telecoms (TMT) sales for the EMEA region. Lindsay joined the firm from Berenberg, where he spent the last two years. Most recently, Lindsay served as vice president of equity research – a role he held for nine months. Prior to that, he spent nearly a year and a half operating as a senior associate for equity research. Before joining Berenberg, Lindsay spent nearly three years at Bell Potter Securities serving as an equities dealer.
US investment bank Stifel made a number of jobs cuts to its London equities business in recent weeks, according to two people familiar with the matter. Daniel Arnold, a managing director in equities trading, left the business, ae well as Adam Lawson, a director in specialist technology equity sales, according to the sources, which spoke on condition of anonymity as the matter is private. A number of equity research roles were also cut, the sources said. Arnold previously worked as a senior trader at Oriel Securities which was acquired by Stifel in 2014. Prior to this he worked in equity trading at Australian bank Macquarie and German firm Dresdner Kleinwort. Lawson was employed at N+1 Singer and Panmure Gordon prior to joining Stifel. The job cuts were not part of a mass layoff or a larger restructuring of the firm, but part of a regular review of the business.