A prominent foreign exchange division has appointed a new Chief Operating Officer (COO), signaling its commitment to enhancing FX services and trading platforms. The newly appointed COO, who has a substantial background in FX markets, brings a wealth of experience to the role. This executive previously served in pivotal positions, establishing a solid track record in the industry.
The new COO began their career with the organization in 2008, leading various post-trade initiatives, including notable projects like ForexClear and CDSClear, for nearly ten years. Expressing enthusiasm for the role, the COO highlighted the opportunity to collaborate with a skilled team in a top-tier market segment.
After departing from the organization, they took a position at Deutsche Börse’s 360T, where their contributions significantly advanced the institutional FX division over the past three years. Recently, they returned on a contractual basis to help drive the transformation efforts within the FX business, ultimately resulting in their promotion to a permanent leadership role.
This division offers a comprehensive suite of FX services, featuring electronic trading platforms like FXall, FX Matching, PriceStream, NDF Matching, MTF, and SEF. In addition, it provides critical FX reporting, compliance, clearing services, and trading workflow solutions. With the new COO’s leadership, the division aims to refine its offerings to align with the evolving needs of the market.
In tandem with this leadership change, the division has also welcomed a new Head of Sales, who transitioned from a successful five-year stint with Refinitiv to assist in driving growth within the Capital Markets segment of the organization. This individual has held leadership roles in sales operations at Refinitiv since 2019, and prior to that, gained valuable experience at Bloomberg LP, where they initially focused on eFX bank liquidity relationships.
The recent strategic appointments reflect the division’s ambition to expand its influence in the foreign exchange market, ensuring that it remains competitive and well-equipped to cater to client needs. The leadership transition and new strategic direction indicate a proactive approach to navigating the dynamic landscape of FX services, with a strong emphasis on optimizing existing platforms and exploring new growth opportunities.