Our Team
At G.H. Financials, industry leadership is a primary source of strategic foresight. We translate senior insights from executive deliberations into actionable clarity, bridging the gap between abstract regulatory theory and the operational reality of the trading desk.
In a landscape often shaped by broad, standardised institutional mandates, our team provides a distinct and necessary perspective on global markets.
Our leadership maintains active appointments on the global board of the Futures Industry Association (FIA) in Washington DC. We do not merely participate in these forums; we serve as a dedicated envoy for the professional trading community.
Board of Directors
As Chairman of the Board, Non-Executive Director of G.H. Financials, Jerome brings over 35 years of experience at the absolute pinnacle of the derivatives and clearing industry.
Jerome is a former Chairman of the Futures Industry Association (FIA) and a member of the FIA Hall of Fame, and has held pivotal board positions at the London Clearing House and LedgerX, a start-up crypto exchange. At Baton Systems, as President, Jerome worked on dramatically improving settlement cycles for FX trading and on accelerating the velocity of collateral movements for derivatives clearing by leveraging distributed ledger technology.
Previously, Jerome spent 19 years at J.P. Morgan in its Futures and Options business, where he led the transition from floor-based to electronic trading in Paris, managed both the APAC and EMEA regions, and eventually served as Global Co-Head of the business. He joined J.P Morgan from Citigroup where he was Global Head of Futures, Derivatives Clearing and FX Prime Brokerage, leading the firm from an “also ran” to a top three global provider of clearing services.
As Chief Executive Officer, Executive Director, David leads G.H. Financials having previously held several significant, global investment bank leadership positions. David brings extensive experience to this role from a 27 year tenure at J.P. Morgan which included serving as the Asia Pacific Head of the Futures and Derivatives Clearing Business.
During his 10 years in Asia, David served as CEO of J.P. Morgan Securities Singapore and sat on the boards of multiple regional securities companies, including managing brokerage operations in China.
David served as Chairman of the FIA Asia Advisory Board and, prior to his move to Asia, as Chairman of the European Executive Committee. He also served as Chairman of the Derivatives Advisory Committee of the SGX, and as a member of the EUREX Advisory Council. In 2023 he was made a Distinguished Fellow of the Singapore Institute for Banking and Finance for services to Singapore’s Capital Markets.
As Chief Finance Officer and Executive Director of G.H.Financials, Kieran brings more than 30 years of experience in senior finance leadership roles across the global financial services sector. Kieran’s expertise spans financial management, governance, regulatory oversight, risk management, strategic planning, and organisational leadership within complex international institutions where he has built a strong track record of supporting business growth in highly regulated environments.
Previously Kieran spent 18 years at Morgan Stanley, where he held a range of senior leadership roles within finance functions. He was a board member of several Morgan Stanley subsidiaries and served on the Management Committee of the firm’s UK bank. In his final position with the organisation, he was Legal Entity Controller for the EMEA region, with responsibility for financial governance, regulatory reporting, and oversight across multiple jurisdictions.
Prior to joining Morgan Stanley, Kieran also held finance leadership roles at Citigroup and Merrill Lynch, developing extensive experience in investment banking and financial control. Kieran began his career with Arthur Andersen, where he trained and qualified as a Chartered Accountant.
As a founding partner of Insight Regulatory LLP and an Independent Non-Executive Director of G.H. Financials Ltd, Lesley brings extensive expertise in governance, compliance, conduct risk, financial crime prevention, and regulatory oversight. She also serves on the management body of Bernstein Autonomous LLP and chairs its Risk Oversight Committee.
Lesley has more than 30 years of experience advising and working with regulated financial institutions. Her career includes senior compliance leadership roles at SEB and Société Générale, followed by 17 years at Bank of America Merrill Lynch, where she most recently served as Head of EMEA Compliance.
In this role, she oversaw compliance across a broad range of wholesale investment banking activities and held responsibility for global financial crime compliance, including anti-money laundering, economic sanctions, and market abuse.
As a former UK senior manager and approved person, and registered SMF16 and CF10 under the UK regulatory regime, Lesley has deep insight into the expectations of regulators. She is also a qualified barrister, having been called to the Bar of England & Wales in 1991.
Joanna Nader is a non-executive director, Board advisor, and former C-suite executive with over 30 years of financial services industry experience across listed, private equity-backed, and growth-stage businesses.
Joanna chairs the Board Risk Committee at Barclays Europe and serves on its Audit, Remuneration, and Nominations Committees. Joanna is also an Advisory Partner at Jensen Capital Partners, supporting capital-raising for private equity and credit funds.
Joanna was Group Head of Strategy at TP ICAP, a global brokerage, market infrastructure, and data provider. Previously, she was Chief Investment Officer at JRJ Group, a private equity firm. Earlier in her career, she was a top-ranked equity analyst and held roles in risk management and economic research.
Joanna has been recognised by Financial News as one of the 100 Most Influential Women in Finance (2020–2024) and brings deep sector knowledge, strategic insight, and risk governance expertise to her board work.
Ron Hertshten is the CEO of Hertshten Properties (UK) Limited, a London-based real estate firm focused on investing and developing ultra-prime office assets in the City of London.
Before turning his focus to real estate, Ron built his career in financial markets as a futures trader and manager. He brings a disciplined, analytical approach to real estate investment and development, with a track record spanning acquisition, repositioning, and ground-up development of landmark city office buildings.
Ron has lived and worked across Israel, the United States, China, and the United Kingdom, and has been based in London for the past decade. He holds a BA in Economics and Political Science from the University of Michigan, Ann Arbor, and an MBA in Finance from Yale School of Management.
Management Committee
As Chief Executive Officer, Executive Director, David leads G.H. Financials having previously held several significant, global investment bank leadership positions. David brings extensive experience to this role from a 27 year tenure at J.P. Morgan which included serving as the Asia Pacific Head of the Futures and Derivatives Clearing Business, and CEO of J. P. Morgan Securities Singapore Private Limited
During his 10 years in Asia, David served as CEO of J.P. Morgan Securities Singapore and sat on the boards of multiple regional securities companies, including managing brokerage operations in China.
David served as Chairman of the FIA Asia Advisory Board and, prior to his move to Asia, as Chairman of the European Executive Committee. He also served as Chairman of the Derivatives Advisory Committee of the SGX, and as a member of the EUREX Advisory Council. In 2023 he was made a Distinguished Fellow of the Singapore Institute for Banking and Finance for services to Singapore’s Capital Markets.
As Chief Finance Officer and Executive Director of G.H.Financials, Kieran brings more than 30 years of experience in senior finance leadership roles across the global financial services sector. Kieran’s expertise spans financial management, governance, regulatory oversight, risk management, strategic planning, and organisational leadership within complex international institutions where he has built a strong track record of supporting business growth in highly regulated environments.
Previously Kieran spent 18 years at Morgan Stanley, where he held a range of senior leadership roles within finance functions. He was a board member of several Morgan Stanley subsidiaries and served on the Management Committee of the firm’s UK bank. In his final position with the organisation, he was Legal Entity Controller for the EMEA region, with responsibility for financial governance, regulatory reporting, and oversight across multiple jurisdictions.
Prior to joining Morgan Stanley, Kieran also held finance leadership roles at Citigroup and Merrill Lynch, developing extensive experience in investment banking and financial control. Kieran began his career with Arthur Andersen, where he trained and qualified as a Chartered Accountant.
Tony Butcher is Chief Operating Officer at GH Financials and is responsible for the firm’s global service delivery and operations functions, leading teams across multiple regions in support of clients trading and clearing on the world’s leading derivatives markets.
With more than 20 years of industry experience, Tony has held leadership roles across risk, product, technology, operations, and commercial functions, giving him a broad understanding of the challenges facing modern financial services firms. He has led transformation initiatives spanning technology adoption, automation, operational resilience, and service delivery, helping businesses scale while maintaining strong client outcomes and robust control environments.
As a member of the Executive Committee, Tony works closely with the Board and senior leadership team to deliver strategic priorities, support corporate governance and translate strategy into execution across the organisation.
Tony is a member of both the FIA eTrading Committee and FIA Operations Committee.
As Group Chief Technology Officer at G.H. Financials, Nagendran brings over 25 years of global technology leadership in financial services, with deep expertise in trading platform modernisation, digital transformation, data strategy, AI transformation, and cybersecurity.
Nagendran spent over 14 years at UniCredit Pan-European Bank, having held multiple senior technology roles including Global Head of Fixed Income & Currencies IT and rising to International CIO, where he oversaw multi-regional technology transformation across more than 10 markets spanning Europe, the Middle East, Asia, and the USA, delivering significant gains in operational efficiency, digitalisation, and platform resilience. Before this, he held multiple technology roles at J.P. Morgan as part of the global implementation of trading infrastructure for credit derivatives across EMEA, North America, and Asia.
He brings a rare combination of institutional depth and external perspective, having also served as co-CEO of a boutique financial services consultancy, advising banks and public sector clients on digital modernisation and AI readiness across the UK and Europe.
Nagendran holds an MBA, a BSc in Computer Science, and completed the CTO Programme at Cambridge Judge Business School.
As Head of Compliance at G.H. Financials, Tersia brings more than 20 years of experience in compliance, governance and regulatory oversight across global financial markets. Her expertise spans both buy-side and sell-side firms, with particular focus on institutional business, prime brokerage, futures and cleared derivatives, and trading environments.
As a senior adviser to executive management and control functions, Tersia provides strategic guidance on regulatory developments, exchange and clearing house requirements, governance matters and new business initiatives. She is a strong advocate of fostering a positive compliance culture through close partnership with business, operational and control teams.
Throughout her career, Tersia has held senior compliance leadership roles, including Global Head of Compliance and Board Director positions, leading compliance teams across the UK, Europe and the United States. She has extensive experience designing and enhancing compliance frameworks, supporting new product development, and helping businesses navigate complex regulatory and organisational change.
As Head of Human Resources at G.H. Financials, Bei leads the global people strategy across multiple regions, supporting organisational growth, governance, talent development and operational effectiveness.
Bei is an experienced HR leader with over 20 years’ experience partnering with executive teams across regulated financial services and international organisations. She has held senior HR roles across financial services and global businesses, with a focus on building HR functions, leading organisational change, and working closely with leadership teams in regulated environments.
Bei holds a Master’s Degree in International Human Resources Management from Kingston University and is a Chartered Member of the CIPD.
As Head of Sales at G.H. Financials, Steve brings more than 30 years of experience in global capital markets, with expertise in cleared derivatives, prime services, client relationship management, and business development. Throughout his career, he has led sales teams, expanded client franchises, and driven revenue growth through a client centric approach, across investment banking and fintech businesses.
Steve brings multi-year career experience from Credit Suisse, where he led the EMEA Cleared Derivatives Sales team before being appointed Co-Head of the EMEA Cleared Derivatives business. During this time, he represented the firm on the board of FIA Europe and served as Chairman of the Credit Suisse CASS Committee.
Steve previously held senior leadership positions at OpenGamma and Société Générale focusing on strategic growth and client acquisition. He began his career at Merrill Lynch in listed derivatives client services, later becoming a sales trader, including two years in Frankfurt as a Eurex trader.
Raymond serves as Head of Asia Pacific Markets at G.H. Financials (Hong Kong). In his capacity, Raymond oversees the firm’s overall business operations across the Asia Pacific region, driving the execution of the group’s growth strategy. Raymond holds the position of Responsible Officer for the Hong Kong entity with his extensive experience and strategic acumen positioning him as a key leader in driving G.H. Financials’ success in the Asia Pacific region.
With a career spanning close to two decades, Raymond brings a wealth of expertise to his role. Prior to joining G.H. Financials, he held the position of Head of EMEA Business Development at HKEX, where he played a pivotal role in expanding the exchange’s presence in the EMA region.
Raymond’s professional background also includes roles as a sales trader and equity derivatives broker, specialising in the Asia Ex-Japan markets. Raymond’s diverse skill set encompasses leadership development, strategic execution, business development, relationship management, cash equity and derivatives sales trading, structured products, and expertise in trading/clearing infrastructure and systems.
As Head of Risk, Lorenzo brings more than 14 years of experience in risk management across proprietary trading, energy trading, brokerage, and clearing businesses. Lorenzo’s expertise spans market risk, counterparty risk, commodities trading, and risk governance within complex and fast-paced trading environments. In this role he is responsible for overseeing the firm's risk management framework, supporting prudent growth while maintaining robust controls and governance standards.
Prior to joining G.H. Financials Lorenzo spent six years at Marex, where he played a key role in strengthening the firm's risk management capabilities during a period of significant strategic acquisitions and expansion.
Earlier in his career, he held senior trading and risk-related positions at leading energy companies, including Glencore Energy, Trafigura, and EDF Energy, gaining extensive experience in physical commodity markets.