The Financial Industry Regulatory Authority (FINRA), a non-profit dedicated to investor protection and market integrity, announced it has appointed Feral Talib to serve as executive vice president and head of surveillance and market intelligence.
Talib will assume the newly created role on Jan. 2, and will be responsible for leading the organization’s surveillance program which will play a critical role in assuring the integrity of the U.S. securities market, officials said. The announcement is the latest step in FINRA’s investments and collaboration with the national securities exchanges to develop surveillance across markets and products.
Reporting to Stephanie Dumont, FINRA’s executive vice president and head of market regulation and transparency services, Talib will lead the organization’s effort to enhance its surveillance capabilities.
“Feral has extensive experience leading surveillance programs that will bolster our mission of protecting investors and promoting market integrity,” Dumont said. “He has a proven track record of overseeing comprehensive surveillance portfolios, while utilizing cutting-edge surveillance techniques. Feral’s surveillance expertise will help us continue to innovate and enhance the effectiveness and technological sophistication of our surveillance program.”
Previously, Talib served as global head of market surveillance at BNP Paribas Group, and global head of market surveillance at BNP Paribas Corporate and Institutional Banking. Talib has also served as vice president at Goldman Sachs, including a leadership role overseeing that company’s market surveillance and investigations group.
Currently, FINRA surveils all reported activities in the equities, options and fixed income markets, analyzing more than 500 billion market events per day to detect potential violations. The organization also leverages its technology to provide feedback to member firms to promote compliance and prevent violations.
“I am excited to be joining FINRA and to have the opportunity to lead its Surveillance and Market Intelligence unit,” Talib said. “Robust surveillance is vital to ensuring fair markets and protecting investors, and we are at the cusp of an evolutionary leap in surveillance capabilities through the use of artificial intelligence and our ability to process unstructured data.