Entries & Exits
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A summary of the people moves reported as exclusive content in The Full FX weekly newsletter in June.
ANZ’s Sydney-based head of distribution, FX digital partnerships and client analytics Steve Davies is understood to be leaving the bank. Market sources say he is shifting to rival Commonwealth Bank in Sydney to head up that bank’s digital efforts. Prior to joining ANZ in Singapore, Davies worked for Barclays as head of e-FX distribution for Asia, before that he spent nine years at Deutsche Bank in a variety of e-FX and fixed income distribution roles. He has also worked in FX sales at ABN Amro, CIBC and SEB in a career that started in 1987.
Cristian Arellano has joined 24 Exchange as vice president with responsibility for the Andean markets. Arellano has worked in the FX industry for almost 20 years, mainly in inter-dealer broking with spells at Lopez Leon and Icap in Chile, as well as Tullett Prebon, BGC and GFI in New York, broking Latam derivatives.
GAM Investments has hired Terence Bong to head up a new Singapore office. He will be responsible for business development and client relationships in Singapore and south east Asia and report to Rossen Djounov, head of APAC at GAM.
Bong was formerly head of wholesale for south east Asia at Templeton Asset Management, where he was responsible for distribution to private banks, independent financial advisors, insurance companies and consumer banks across Singapore, Thailand and the Philippines. Prior to Templeton, he was head of intermediary business development for three years at Nikko Asset Management Asia. He has also held roles at Schroder Investment Management, Aviva and Citibank Singapore.
Funda Bor has joined PGGM Investments in Amsterdam in the full time role of change consultant, she had been with the firm for three months on a part time basis. Prior to joining PGGM, Bor was business development manager for Solid FX, before this she was FX product manager at ABN Amro Clearing.
Phil Lloyd has been named head of customer sales delivery at NatWest. Lloyd is a 19-year veteran of RBS Group, and most recently was head of market structure and regulatory customer engagement at the bank.
Camille Cordero has left BTIG in New York where she was SVP business development in the prime brokerage business. She is joining digital assets custodian Anchorage Digital in New York in a business development role. Prior to BTIG she spent over seven years at BNP Paribas in prime brokerage sales.
Joanna Zeng has joined Coinbase as a senior account manager in institutional sales. She joins from BNP Paribas where she spent just over a year in corporate derivative sales, prior to this she worked at Citi for almost seven years, most latterly in FX corporate sales.
FX industry veteran Erik Lehtis has joined digital asset trading platform FalconX in the US as a senior quantitative trader. Lehtis has been in the FX industry since the late 1980s in a variety of roles in both banks and proprietary trading firms. Most recently he was head of US FX for Asian-headquartered Quadeye Securities.
Mattiheu Herbeau has taken a consulting role as experimentation manager with Banque de France to work on its central bank digital currency pilot. Herbeau has been consulting for three years following his departure from RBC Investor & Treasury Services, where he had a business development role after moving from global head of FX execution. Prior to RBC, Herbeau worked for BNP Paribas Securities Services for more than 15 years, most latterly as global head of FX. He also spent more than five years in the FX business of KBC Bank in Paris.
A rare move in the spot FX broking world, with Joe Bartelli, returning to TP Icap in New York as a senior FX spot broker. Bartelli was at BGC as a spot FX broker in New York between 2017 and the end of 2020, prior to which he was an FX broker at Tullett Prebon in New York for almost 19 years. He started his career in 1984 as an FX broker at Noonan Astley & Pearce – working there for almost 15 years.
Javier Corominas has returned to Oxford Economics as director, global macro strategy. He joins from an 18-month spell as chief macro strategist for Smart Currency Business, prior to which he spent over 10 years at Record Currency Management. Corominas started his career with Oxford Economic as a Eurozone economist from 2004-2007.
Nordea senior economist Morten Lund is leaving the bank to take a role in London for JP Morgan as lead coverage for Scandinavian economies. Lund joined the Nordea FX strategy team in 2016, based in Copenhagen.
Daniel Eidan has joined the Bank for International Settlements Innovation Hub in Hong Kong as advisor and solutions architect. He has spent the past three and a half years at R3 as a solutions architect, he is also a committee member of the Digital Currency Global Initiative.
Broadridge Financial Solutions has named Ian Strudwick to be head of Asia Pacific. He joins the firm from TD Securities, where he was head of global operations and business services for Asia-Pacific. He will be based in Singapore and report to Samir Pandiri, president of Broadridge International.
Market sources say that Robbie Sijjbrand recently left Flow Traders, where he was head of FX. He joined the firm at the start of 2016 after a one-year spell at Invaco Management, a family office in The Netherlands, prior to which he had spells in FX sales at JB Honore Drax and HSBC in London. Prior to that Sijjbrand spent eight years at Goldman Sachs in FX sales for the Benelux region, having worked at JP Morgan in the same role for two years. The firm did not respond to enquiries and his next move in unknown.
Mauricio Sada-Paz is returning to Bank of America three years after leaving the bank for Barclays, where he was global head of e-FICC product and distribution. He is rejoining as global head of e-FICC product and distribution, sources say, one step up from where he left the bank, as EMEA head of e-FICC sales and global head of e-FX sales. Prior to joining BofA in 2010, Sad-Paz spent almost 10 years at Goldman Sachs, in FX sales.
Melanie Cristi has been named as head of FICC relationship management at Citadel Securities in New York. She has spent the past nine years at Morgan Stanley in New York, initially as head of Americas MSET FX sales, more latterly as head of MSET macro market structure and client content. Cristi has also held FX sales roles at Quantitative Brokers and Bank of America in New York.
Brittany Callaghan has joined UBS in New York as director, e-FX sales. She joins from Credit Suisse in New York, where she was a vice president in e-FX sales, having joined the bank in September 2019 from four years with FXSpotStream. Prior to FXSS, Callaghan also worked st Societe Generale and JP Morgan.
Felix Cloke has been named head of e-trading services at precious metals group MKS (Switzerland) in Geneva. He joins from Swissquote, where he spent nine years and was most latterly in institutional business development for the FX and precious metals business, prior to which he worked at FXCM as a sales associate.
Daniel Olagunju has joined JP Morgan in London to work on digital markets projects in the FICC division. He moves from BGC Brokers where he spent almost 10 years, most recently as hybrid IDB e-sales manager for Asia-Pacific, based in Singapore.
Ming Phung has left Citi in Singapore where he was a director in FXLM trading, and joined Shanghai Commercial Bank in Hong Kong as head of FX trading. Prior to Citi, Phung was head of G10 and emerging markets trading for Asia at Natixis – he has also had spells at RBC, Bear Stearns and Credit Agricole Indosuez, all in emerging markets trading positions.
Former Bloomberg global CEO of trading solutions Ray Tierney has been named president of Itiviti, which is part of Broadridge. He will be responsible for the firm’s front office and connectivity solutions and based in New York. Tierney left Bloomberg in late 2017 after seven years with the firm, prior to which he spent 16 years at Morgan Stanley, most latterly as global head of trading and execution.
Phillippe Vornique has joined Bank of America in Paris in base and precious metal sales. He worked for Societe Generale for 10 years, the majority of it in base and precious metal sales, after leaving the French bank he went to work for crypto firm Skew as head of institutional sales, but left after three months.
BitMex has hired Marc Robinson as head of custody. He joins from SBI Digital Asset Holdings where he was COO – he joined SBI in Japan in 2016. Prior to that he worked on JP Morgan’s high frequency trading product in Asia, as well as at Lehman Brothers and Nomura in the high frequency electronic trading team.
Alex Bayle has joined MillTechFX by Millennium Global as head of strategic relationships. He joins from ADM Investor Services, where he was head of FX for just over two and a half years. Prior to ADM Bayle worked in account and relationship management roles in the FX businesses at FlexTrade and Thomson Reuters.
Glenn Rosenberg has joined crypto hedge fund Lucy Labs as COO. He joins from Tiger Trading, an OEMS provider targeting the crypto space, where he was co-founder in September 2017. Rosenberg moved into the crypto space from EBS where he was director of product for the platform’s efforts in NDFs, options and swaps; prior to this he worked at 360T as global options lead having joined from BridgeTrade, an FX options ECN he co-founded. Rosenberg’s trading background was in FX options, having held positions at Societe Generale, AIG and BMO Harris Bank.
Geoff Jones has taken up a full-time role in the propositions team at Refinitiv, working on the firm’s spot FX solutions. He has been consulting for a year since leaving RBC Capital Markets, where he was global head of e-FX and spot trading. Jones spent over 10 years at RBC, having joined from Royal Bank of Scotland where he was electronic markets product manager for the latter part of his six-year spell there.
Andrew De Groot has left HSBC where he was global head of markets operations. He joins the bank in September 2012 as COO of global FX and commodities, having previously spent almost 17 years at NatWest Markets in multiple senior operations roles.
Jodie Gunzberg has been named president of CoinDesk Indexes at its subsidiary Tradeblock. She will lead product management and strategy, as well as serve as the public-facing spokesperson for the Index business. She moves from Morgan Stanley, where she was managing director and chief institutional investment strategist in the bank’s wealth management division.
The Association for Financial Markets in Europe (AFME) has named Thalia Chryssikou, head of global sales strats & structuring at Goldman Sachs, as chair of the board. She takes over from Michael Cole-Fontayn who has been a member of the AFME Board since 2011 and served as chair between September 2015 and June 2021.