Citigroup lawyer joins up with NYSE

The New York Stock Exchange (NYSE) has appointed Citigroup’s general counsel for global corporate and investment banking Richard Ketchum to the newly-created role of chief regulatory officer.

Ketchum was with Citigroup from June 2003 and is due to join the NYSE in June. Prior to that, he spent 12 years at NASD, a private sector provider of financial and regulatory services, and Nasdaq, where he was president for three years.

Until his arrival, the NYSE’s regulatory function will continue to be directed by Edward Kwalwasser, the group executive vice-president for regulation, who is due to retire in October.

Ketchum said: “I’m honoured to be chosen by the NYSE for this important post.”

Ketchum’s successor at Citigroup has yet to be determined.