The
Financial Industry Regulatory Authority (FINRA) has named Feral Talib as its
new Executive Vice President and Head of Surveillance and Market Intelligence.
Talib will assume his new role on 2 January 2024.
Talib will
oversee FINRA’s market surveillance program in this newly created position,
which monitors trading activity across equities, options, and fixed-income
markets to detect potential violations. He will be tasked with finding ways to
enhance FINRA’s surveillance capabilities through innovation and technology.
“By
combining advanced surveillance and detection with FINRA’s traditional
investigative expertise, I look forward to continuing and building upon the
excellent work FINRA is already doing in this space,” Talib said.
According
to the release, Talib brings extensive experience leading large-scale
surveillance operations. He previously served as the Global Head of Market
Surveillance at BNP Paribas Group, overseeing monitoring across 64 countries.
Before that, he held various surveillance leadership roles at BNP Paribas
Corporate and Institutional Banking.
Talib also
has past expertise from Goldman Sachs, where he managed the firm’s Market
Surveillance and Investigations group. At FINRA, he will report directly to
Stephanie Dumont, the Executive Vice President and Head of Market Regulation
Regulation
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Read this Term
and Transparency Services.
In the
announcement, Dumont expressed confidence that Talib’s background positions him
well to bolster FINRA’s surveillance excellence. Talib cited the
“evolutionary leap” in AI-enabled surveillance as an area of focus in
his new FINRA role.
FINRA’s hiring of an expert previously associated with the private sector is particularly interesting, given that U.S. regulators are struggling to find employees. For instance, the SEC is having trouble filling its open positions.
Other Industry Executive
Moves
Finance
Magnates recently
reported on several other movements in the financial industry. XS.com, a global
financial services firm, recently elevated Fabian Frantz to Business
Development Director for South Africa. Frantz’s primary responsibilities include
expanding XS.com’s customer base and customizing services for the South African
market.
In the
meantime, Trading 212 Group Ltd has announced the appointment of Sina Mostafavi
as a Non-Executive Director. Also, eToro, an international trading and
investment platform, has named Massimo Citoni the new Regional Manager for
Italy. Citoni, who initially joined eToro as an Account Manager in 2015, rose to
become Head of the Italian Desk in 2023. His main objective is to consolidate
eToro’s market position in Italy.
IG North America, the parent entity of the online brokerage Tastytrade, also revealed significant leadership updates. Isaac Poore has been appointed the Chief
Financial Officer, succeeding Matt Hellmuth.
The
Financial Industry Regulatory Authority (FINRA) has named Feral Talib as its
new Executive Vice President and Head of Surveillance and Market Intelligence.
Talib will assume his new role on 2 January 2024.
Talib will
oversee FINRA’s market surveillance program in this newly created position,
which monitors trading activity across equities, options, and fixed-income
markets to detect potential violations. He will be tasked with finding ways to
enhance FINRA’s surveillance capabilities through innovation and technology.
“By
combining advanced surveillance and detection with FINRA’s traditional
investigative expertise, I look forward to continuing and building upon the
excellent work FINRA is already doing in this space,” Talib said.
According
to the release, Talib brings extensive experience leading large-scale
surveillance operations. He previously served as the Global Head of Market
Surveillance at BNP Paribas Group, overseeing monitoring across 64 countries.
Before that, he held various surveillance leadership roles at BNP Paribas
Corporate and Institutional Banking.
Talib also
has past expertise from Goldman Sachs, where he managed the firm’s Market
Surveillance and Investigations group. At FINRA, he will report directly to
Stephanie Dumont, the Executive Vice President and Head of Market Regulation
Regulation
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Read this Term
and Transparency Services.
In the
announcement, Dumont expressed confidence that Talib’s background positions him
well to bolster FINRA’s surveillance excellence. Talib cited the
“evolutionary leap” in AI-enabled surveillance as an area of focus in
his new FINRA role.
FINRA’s hiring of an expert previously associated with the private sector is particularly interesting, given that U.S. regulators are struggling to find employees. For instance, the SEC is having trouble filling its open positions.
Other Industry Executive
Moves
Finance
Magnates recently
reported on several other movements in the financial industry. XS.com, a global
financial services firm, recently elevated Fabian Frantz to Business
Development Director for South Africa. Frantz’s primary responsibilities include
expanding XS.com’s customer base and customizing services for the South African
market.
In the
meantime, Trading 212 Group Ltd has announced the appointment of Sina Mostafavi
as a Non-Executive Director. Also, eToro, an international trading and
investment platform, has named Massimo Citoni the new Regional Manager for
Italy. Citoni, who initially joined eToro as an Account Manager in 2015, rose to
become Head of the Italian Desk in 2023. His main objective is to consolidate
eToro’s market position in Italy.
IG North America, the parent entity of the online brokerage Tastytrade, also revealed significant leadership updates. Isaac Poore has been appointed the Chief
Financial Officer, succeeding Matt Hellmuth.