Skip to main content
RSS Feed

Latest FX News

People

Winn Exits EBS

10:26 December 1st 2016 in News, People

Winn Exits EBS

Market sources tell Profit & Loss that Simon Winn has left EBS Brokertec where he was head of sales for Asia-Pacific. The sources add that Laurence Timmons, who recently relocated from London, where he was global head of fund sales, to Hong Kong, will be assuming the role. Winn joined EBS in August 2014 from rival platform 360T, having spent two years there after a three year stint at Commerzbank. Prior to Commerz, Winn worked at Integral and before that he worked for 11 years at Societe Generale.
StanChart Cuts Hit FX

19:00 November 30th 2016 in News, People

StanChart Cuts Hit FX

The recent cuts announced at Standard Chartered are beginning to hit its FX department, with at least three senior staff thought to be leaving the bank. In New York, Profit & Loss understands that Sebastian Correa, head of FX, rates and credit trading, Americas, and Jonathan Comings, who worked in FX sales, are leaving the bank as part of the cuts. Correa joined StanChart in 2010 as head of trading, Latin America, before moving to his most recent role in 2015. Prior to joining StanChart, he spent six years at Banco Santander and four years at Citi, where he was based in Bogota.
O’Donoghue to Land at Morgan Stanley Martin O’Donoghue, who recently left his position as head of spot FX at Credit Suisse, is set to join Morgan Stanley in London, according to market sources. Although a spokesperson for Morgan Stanley declines to comment on the appointment and Donoghue’s title there is not yet known, sources say that he is joining the American bank in early 2017. O’Donoghue left Credit Suisse, where he was also based in London, after seven years with the bank. Prior to that, he ran the spot desk at Bank of America
Burns Departs Thomson Reuters Jodi Burns is leaving her position as global head of regulation and post-trade, FX, at Thomson Reuters in New York. A spokesperson for Thomson Reuters confirmed Burns’ departure, although did not indicate if a replacement has been appointed. Burns also represented Thomson Reuters as a board member of the Foreign Exchange Professionals Association (FXPA). Burns joined Thomson Reuters as part of its acquisition of FXall, where she had been hired shortly before the deal was announced in July 2012. At FXall, Burns was senior director, head of market analysis and development.
O’Sullivan Joins GTX Vince O’Sullivan joins Gain Capital’s GTX this week as director of foreign exchange sales in London. O’Sullivan will have a focus on selling to hedge funds and banks throughout Europe, the Middle East and Africa (EMEA) and reports to John Meisner, global head of sales at GTX. O’Sullivan was last at Barclays in London where he was a director and head of EMEA distribution for e-FX. He started at Barclays in 1978 as a foreign exchange cashier, before moving onto the FX trading.
JP Morgan Hires Herschmann Debra Herschmann has joined JP Morgan as head of corporate and investment bank user experience. She joins from Goldman Sachs, where she established and led the global user experience design practice responsible for delivering commercial and highly usable client-facing, front office, and enterprise products. Prior to that, Herschmann was at Lehman Brothers where she was responsible for UX delivery of LehmanLive and Point. At JP Morgan, Herschmann will be responsible for ensuring clients get a consistent experience on the bank’s platforms across asset classes, and as markets change or open up.
Second SEC Departure as Luparello Exits Just weeks after Securities & Exchange Commission (SEC) head Mary Jo White exited the US regulator, the SEC is set to lose a second senior figure. Stephen Luparello, director of the Division of Trading and Markets, will leave the agency before the end of this year. He was named director of the office in February 2014. The SEC says Luparello played a key role in enhancing the transparency and strengthening the integrity of US markets, including the operation of trading platforms, clearing agencies, and broker-dealers.
Connolly Joins Icap Stuart Connolly has joined Icap as head of client product development for its Post Trade Risk and Information (PTRI) division. He joined Monday (21 November) in what is a newly created role, will report to Jenny Knott, CEO for PTRI and will be based in London. Connolly will work with each of PTRI's businesses to leverage data and develop client data services through the identification of real life client use cases. Icap says he will provide insights and partner with the relevant data analytics teams in PTRI to build and launch a variety of complementary data services interoperable with PTRI's businesses.
Brown to Run GTX SEF GTX, the institutional arm of Gain Capital, says it has appointed Ed Brown as CEO of GTX SEF, its swap execution facility. Brown joins with over 25 years’ experience in the financial services industry, most recently he headed strategic initiatives at EBS BrokerTec, having also served in a variety of senior roles in Icap’s electronic trading division. He left Icap in August 2015. At Icap, Brown focused on regulatory matters related to OTC derivatives with a particular emphasis on the Dodd Frank Act and served as a board member of the Wholesale Market Brokers’ Association Americas.
More Senior Departures at Thomson Reuters? Two weeks after global head of foreign exchange Phil Weisberg left the firm, as it announced plans to cut 2,000 jobs, market sources tell Profit & Loss that Thomson Reuters has unveiled the first round of cuts to its foreign exchange business. The sources say that Tom San Pietro, head of product management for FXall; Jack Linker, head of liquidity sales, transactions, for the Americas; and John Richards, senior director, liquidity sales, Americas, have all left the firm in the US as part of the cuts. The sources add that Richard Williams, head of sales for North Asia and Japan; Elmer Chiu, sales in Singapore, Sydney-based Simone Halpin, director, FXall, and Amy Goh, head of financial designs, transactions, Asia, have also left as part of the cuts.