Entries & Exits

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A summary of the people moves reported as exclusive content in The Full FX weekly newsletter in August.

Market sources say State Street’s former head of global markets for Asia Ian Martin is leaving his role as head of the bank’s asset owner segment. Having formerly worked in FX roles at ANZ and Elders Finance, Martin joined State Street in 1993 and has held several senior managerial roles including head of FX for Asia-Pacific and head of the region for State Street Bank and Trust.

Standard Bank’s head of digital solutions, global markets, Tim Hutchinson, has left the bank he joined at the start of 2004. He worked in FX sales for five years before becoming head of e-FX in 2010, a role he held until taking on a wider brief for global markets in 2018.

The well-respected Piotr Matys has joined market analysis firm InTouch Capital Markets as a senior FX analyst, based in London. The move marks a return to the third-party analysis industry as Matys worked as an emerging markets analysts at 4Cast from 2007 to 2014, before moving to Rabobank, where he was senior EM FX strategist focused on CEEMEA, regularly appearing in the top three strategists in those markets according to Bloomberg rankings.

Johanna Wikstedt has joined TP Icap’s Parameta Solutions as sales and liquidity manager for its e-repo business. She joins from seven years at MTS Repo, where she was a senior account manager. She will report to Adam Roberts, head of post-trade solutions, EMEA, at Parameta.

Michael Bressler has joined digital assets market maker GSR in Los Angeles as global head of sales. He moves from JP Morgan where he spent almost 14 years, most latterly as head of western region sales and marketing for JP Morgan Markets. Prior to JPM, Bressler held commodities trading roles at Goldman Sachs and Barclays, he also worked at hedge fund Millennium Partners – all in New York.

Andrea Sanna has joined FX brokerage firm Alp Financial as senior liquidity manager. He joins from Integral, where he was an analyst on the firm’s OCX solution. Sanna joined Integral in 2019 after almost three years at Nomura, where he was an analyst for the e-FX sales and trading business.

The Full FX understands that Ian O’Flaherty has joined JP Morgan working in the digital platform services team under Davis Hudson. O’Flaherty was last at Westpac as head of digital solutions and client technology, joining the bank after a more than 30 years in Deutsche Bank’s FX business, including spells as global head of spot FX and global head of e-FX sales.

Tim Hutchinson has joined Rand Merchant Bank in Johannesburg as head of electronic execution. He is joining from Standard Bank in Johannesburg where he spent almost 18 years in various FX roles, including seven years as head of e-FX and most latterly, head of the digital solution business within the corporate and investment bank.

Market sources say that Brent Cook is joining Nomura in London as the bank continues to build out its FX business under Kevin Connors, who joined earlier this year. Cook is moving from Macquarie Bank in Sydney where he has worked for the past two years, having shifted from ANZ in Sydney where he spent two and half years as head of balance sheet liquidity, overlay and principal risk. Cook moved to Australia in 2007 having worked in cross asset/macro trading at Deutsche Bank, Brevan Howard and Citadel in London over a seven year span.

Good luck to FX industry veteran Henrik Mundbjerg, who has announced he is shortly to leave his position as chief dealer, FX, at Jyske Bank in Silkeborg. He has been with the bank for more than 16 years, having worked previously as an FX dealer for Handelsbanken in Copenhagen for over 17 years.

Former director of transactional sales at Refinitiv, Omid Zadeh, has joined Matrixport as head of business development for EMEA. He spent four and a half years at refinitiv, having joined from Icap, where he worked in sales.

Alex Weinrich has joined Kx in Denmark as pre-sales engineer for FX. It marks a return to the FX industry for Weinrich who has been working in various consultancy roles since leaving Refinitiv in September 2019. He worked at Refinitiv for six years as an e-trading specialist in Denmark, having joined from Saxo Bank.

Citi’s co-head of futures, clearing and FX prime brokerage business Christopher Perkins has joined investment firm CoinFund as managing partner. Perkins has been with Citi for 13 years in the clearing and PB space, having joined the bank from Lehman Brothers in September 2008.

Market sources say that Brent Donnelly has left HSBC in New York where he was a senior FX trader. Donnelly, who has authored works on the FX market, joined HSBC in 2017 from a three-year spell at Citi in New York as chief dealer, prior to which he was head of FX trading for Nomura in New York. He also had spells at Graham Capital Management, Lehman Brothers, RBC and Merrill Lynch. Donnelly is thought to be moving to another role in the industry.

Sources say that Christopher Johnson has left LSEG’s Refinitiv in Singapore where he was a senior relationship manager. Johnson worked at the firm for just over five years, having joined from a one-year stint at Western Union. Johnson is believed to be moving to BNY Mellon in Singapore in a senior FX liquidity management role – if so, that would be a return to banking, as he spent 15 years in various voice and e-FX roles at Credit Suisse, WestLB and UBS

BNP Paribas’ global head of FX options trading Baris Temelkuran, has left the bank and is on sabbatical. He worked at BNP for three years, having joined from Goldman Sachs, where he spent almost 13 years, most latterly as managing director in the FX options trading business.

Matt Baker has left Barclays in Hong Kong where he worked in prime brokerage relationship management and sales. He joined the bank in 2018 after a more than 14-year career in Credit Suisse’s prime services business in London, Tokyo, Singapore and Hong Kong and is looking at new opportunities.

Market sources say Verena Kruse is joining Deutsche Bank in London as head of FX sales for Europe. Kruse is joining from JP Morgan in London, where she has spent seven years in FX sales targeting European clients, prior to which she spent just over three years at Morgan Stanley and four years at Royal Bank of Canada in FX sales roles.

Aerin Smith has been named given a broader mandate as head of market commentary for Citi’s global markets business. She has been with the bank for over 13 years, and was most recently global head of CitiFX Wire. The broader mandate now includes multi-asset class content across all of Citi’s digital channels.

Lene Hjortshøj has joined capital markets IT consulting firm Fenixys as head of the Nordic region. She joins from a 32-year career at Jyske Bank in Silkeborg, where, most latterly, she was responsible for the business and IT solutions for capital markets. During her time at Jyske Hjortshøj was also head of trading for FX, money markets and interest rate derivatives.

Matthew Cavallo has joined Reactive Markets as director of business development in the US. He joins from Tokkyo FX, where he was head of liquidity management for just over a year, having joined that firm from 360T in New York, where he worked for just over four years, starting with GTX. Cavallo has also worked in FX prime brokerage roles at Citi and Morgan Stanley.

Kim Jaffee-Prado has joined BMO Capital Markets in New York as CIO, US capital markets. She is shifting from RBC Capital Markets, where she spent over 15 years, most latterly as global head of client, banking and digital technology in New York. Prior to RBC, Jaffee-Prado spent over four years with Mizuho Securities as head of fixed income trading systems and e-commerce, she also had spells at Icap, Chase and Deutsche Bank.

Gavin Collins has joined fixed income data provider Neptune Networks as chief technology officer. He joins from UBS in London where he was FICC product manager for sales technology, CRM and digital transformation including the bank’s Neo platform. Collins joined UBS in mid-2015 from BNP Paribas, where he was head of electronic product development – his 18 months at BNP was preceded by more than three years at Deutsche Bank where he was product manager on the bank’s Autobahn single dealer platform.

Mark O’Leary has joined CGS-CIMB Securities in Sydney in the prime services, leveraged products, business. O’Leary has been on the “dark side” in equities for more than two decades; however, FX market veterans of a certain vintage will remember his 10 years in Westpac’s FX business in London and Sydney, as well as FX trading roles at National Bank of Abu Dhabi, Societe Generale and, most latterly, Macquarie Bank.