October 2024: Top five movers and shakers stories of the month
October has seen significant leadership changes at financial institutions worldwide, with several key hires and departures occurring throughout the month.
Here, we highlight five of the top movers and shakers stories in October, featuring TransUnion, Augmentum Fintech, Qonto, and more.
TransUnion appoints HSBC’s Madhusudan Kejriwal as new CEO for UK and Europe
Madhusudan Kejriwal, TransUnion’s new regional CEO (Image: TransUnion)
TransUnion has named Madhusudan Kejriwal as its new CEO for the UK and Europe, effective 2 January 2025.
Kejriwal will be taking the reigns from Mark Horsey, who has acted as TransUnion’s interim UK and Europe CEO for the last 12 months.
Horsey is expected to stay in his position until Kejriwal arrives. Following that, he will continue with TransUnion, working in an “advisory capacity” across the company’s international business.
Kejriwal is joining from HSBC, where he has spent over 20 years in various leadership roles. His positions have included group head of cards, loans and partnerships, head of finance for global retail banking, and most recently, group head of cards and personal lending.
Augmentum Fintech appoints tech entrepreneur William Reeve as new chairman
Augmentum Fintech, a publicly listed fintech fund headquartered in London, has appointed William Reeve as an independent non-executive director and new chairman of the board, effective 1 November 2024.
He is currently CEO of proptech firm Goodlord and a non-executive director at retailer Dunelm Group. Reeve is set to retire from his role at Dunelm on 21 November 2024 after nine years with the company.
His 35-year career includes roles at industry giants such as IBM, NatWest, and McKinsey & Co. He also co-founded Fletcher Research (acquired by Forrester Research), Lovefilm (sold to Amazon in 2011) and Secret Escapes.
Reeve has also held board positions at companies including Graze, Zoopla, and Paddy Power, as well as serving as non-exec chair of digital wealth manager Nutmeg for three years, where he helped lead the company’s sale to JP Morgan in 2021.
Qonto appoints Natalia Williams as new chief product officer
Qonto’s new CPO Natalia Williams (Image: Qonto)
Qonto, a Paris-based business banking fintech, has named former MailChimp exec Natalia Williams as its new chief product officer (CPO).
In her new position, Williams will oversee the entire “product lifecycle” at Qonto, managing product strategy, development and innovation.
She is expected to work closely with Aymeric Augustin, Qonto’s chief technology officer (CTO), to “align product vision with technical capabilities”.
Williams brings 20 years of product experience to Qonto. She previously served as CPO at Hootsuite for over a year, and has also held roles as CPO at MailChimp and VP of product management and e-commerce operations at Bloomingdale’s.
FusionIQ hires Eric Noll as new CEO upon completion of “significant new fundraising round”
FusionIQ has announced Eric Noll as its new CEO and chairman to lead the expansion of its cloud-based wealth management solutions with a freshly closed round of funding.
The securities industry veteran joins FusionIQ, headquartered in Woburn, Massachusetts, from Stone Ridge Capital Partners, where he has served as CEO since 2019.
Noll succeeds the position from Mark Healy, who stepped down as FusionIQ CEO in September after a four-year tenure.
His leadership of the board will be joined by Gideon Strategic Partners’ Erik Oros, Timothy Powers of OakRidge Management Group, and iAltA chief Scott Ganeles as directors.
In comments, Noll says he will work to expand the company’s FusionIQ One platform “across multiple industry channels”.
HSBC group COO John Hinshaw steps down after five years
John Hinshaw to depart HSBC to go on gardening leave (Image: LinkedIn)
John Hinshaw, HSBC’s group COO, has stepped down after a five-year stint and will take six months of gardening leave.
Looking ahead, newly appointed HSBC group CEO Georges Elhedery has “reviewed the accountabilities of the current GCOO role” and will divide them between two new group executive committee-level positions: an “elevated and expanded” group chief information officer (GCIO) role, and a newly defined group COO, according to a company statement.
Stuart Riley has been appointed as GCIO, overseeing HSBC’s data and innovation efforts. He joined the company in February after serving as global co-CIO at Citi for six months, where he co-led the US bank’s technology unit.
Meanwhile, Suzy White, a seasoned HSBC veteran and current global banking and markets COO, has been appointed interim GCOO while the “formal recruitment process is carried out”.
