Skip to main content
RSS Feed

Latest FX News


FXecosystem Expands in Asia FXecosystem has opened its new regional headquarters in Singapore and a point of presence (POP) in the Equinix SG1 Singapore data centre. The firm says that the expansion is designed to accommodate current retail and institutional client requirements and will underpins its strategy for growth in the region. It follows a six-month operation of FXecosystem's new NOC and engineering facility in Asia and the firm says that it will continue building its team, with new hires in Asia scheduled for Q1 2017.
Exegy Hands Wilson Senior Sales Role Exegy has added Scott Wilson to its team of senior account managers. Wilson will have global responsibilities for sales of Exegy products and services for electronic currency markets, reporting directly to chief operating officer Rod Arbaugh. Prior to joining Exegy, Wilson held positions as a senior trader, portfolio manager, managing director, and global head of FX sales at a number of financial services firms, including GFTA, JP Morgan, UBS, Bank of America, and Nomura. He also worked as the co-founder and president of Financial Market Solutions, a provider of FX trading platforms and matching engines.
Scott Exits Commerz? Market sources tell Profit & Loss that Paul Scott, global head of spot and e-FX trading at Commerzbank, has left the bank. Scott, who was based in Singapore, is believed to have left return to his native Australia, no replacement has yet been named according to informed sources. Scott joined Commerzbank in Singapore in 2007 as head of e-FX for Asia before assuming his current role in 2009. He joined the bank from Melbourne-based Kaiser Trading, where he managed the trading business.
Emerick Returns to Thomson Reuters Dave Emerick has joined Thomson Reuters in London as relationship manager, API trading. The role is a return to the firm for Emerick who was an FX relationship manager at Reuters from 2000-2008, following an eight year trading role at Tokai Bank. At Reuters he worked on the treasury broking team promoting the RTF-CME futures trading platform, as well as the spot matching platform. Emerick’s last role was as head of FX for CME Europe. He left CME Group earlier this year after eight years at the Merc.
Kidd Exits State Street Profit & Loss understands that Andy Kidd has left State Street Global Exchange where he was regional head of FX Connect, the bank’s electronic solution for asset managers. Kidd had been with the State Street group for six years, joining the firm as part of its bank relationship team in the e-exchange solutions business which covered FX Connect as well as Currenex, the trading platform also owned by State Street. Prior to State Street, Kidd spent two years at Eurobase Banking Solutions in London, he joined the firm from a long banking career.
On the Move  Citi, Numerix, Currenex...
Campbell Makes New Hire Campbell & Company has hired Joseph Kelly as managing director, client solutions group. In his new role, Kelly will be responsible for Campbell's institutional sales and consultant relations efforts. "Joe is a highly strategic business development executive with a strong background and expertise in asset management," says Michael Harris, president of Campbell. "His longstanding institutional relationships will be a terrific asset to Campbell as we enter our 45th year as an alternative investment manager." Prior to this appointment, Kelly has held leadership roles at several alternative asset management firms, the company says.
Taylor Joins UNTL Capital Grant Taylor has joined UNTL Capital as its new global head of discretionary FX trading in New York. UNTL trades FX on behalf of family offices and high net-worth individuals and, according to the firm’s website, the role of the head of discretionary FX trading will be “to develop a better set of quantitative analytical tools to help optimise FX trading performance for our money managers”. Taylor joins the firm from Cantor Fitzgerald, where he spent over three years as director, institutional FX sales and trading.
Saidi Takes Risk Modelling Role at Credit Suisse Sofiane Saidi has returned to New York to take up the role of director, risk modelling, at Credit Suisse. Prior to this appointment, Saidi spent over three years at LCH Clearnet, helping to build out the clearing house’s NDF and FX options product capabilities. Originally he was based in New York for this role, but he moved to London after the partnership between LCH Clearnet and CLS to facilitate FX options clearing was announced. Profit & Loss reported in August that Saidi would be leaving LCH Clearnet for a banking position in New York.
R3 Expands Singapore Presence with Lewis Hire Antony Lewis has taken a job as a director in R3 CEV’s lab and research centre in Singapore. Prior to this new role, Lewis was working as a consultant, focused on helping financial services firms understand fintech, blockchains and distributed ledgers. Between 2013 and 2015 he was part of a venture capital funded bitcoin startup, itBit, working as an institutional client group director. Before that, he spent four years at Credit Suisse, working initially as an FX business analyst in London and then later as an FX technology project manager in Singapore.