A prominent foreign exchange division has appointed a new Chief Operating Officer (COO), marking a pivotal moment as the organization focuses on enhancing its FX services and trading platforms. The incoming COO brings a wealth of experience to the role, having previously been part of the team for nearly a decade, during which he led various post-trade functions.
The newly appointed COO initially joined the organization in 2008 and contributed significantly to the development of critical post-trade businesses such as ForexClear and CDSClear. In a recent update, he expressed enthusiasm about his new position, highlighting the opportunity to work alongside a talented team in one of the industry’s leading sectors.
After leaving the organization, he transitioned to a different firm where he played a vital role in expanding its institutional foreign exchange division from 2020 to 2023. His recent return on a contractual basis to lead the transformation of the FX business provided him with the platform to take on this permanent leadership role.
The foreign exchange division offers a comprehensive suite of FX services, featuring various electronic trading platforms like FXall, FX Matching, PriceStream, NDF Matching, MTF, and SEF. In addition, it supports FX reporting, compliance, clearing services, and trading workflow solutions. Under the new COO’s leadership, there is an anticipation of strategic optimization of these offerings to address the continuously changing market needs.
Additionally, there was a noteworthy leadership shift last year when another individual with considerable experience in the sector transitioned to a critical role within this foreign exchange division. Adam Collins, who had spent five years at a subsidiary dedicated to financial data and analytics, took up the position of Head of Sales within the Capital Markets division of the FX entity. This transition indicates a robust focus on strengthening the foreign exchange market capabilities of the organization.
Before his current role, Collins had been the Head of Sales at the subsidiary since 2019 and built a foundation of experience at one of the major market players, where he initially served as the eFX Bank Liquidity Relationship Manager. His extensive background equips him to contribute effectively to the newly appointed COO’s vision for the organization.
With these strategic appointments and a clear focus on foreign exchange services, the division is poised for further expansion and growth within the industry. The leadership changes reflect a commitment to enhancing trading solutions and meeting the demands of a dynamic market landscape which continues to evolve rapidly.