Day: 22 August 2018

Francisco Joins BNP Paribas

Sandra Francisco has joined BNP Paribas in the bank’s New York office.

A spokesperson for the bank declines to comment on her appointment, but Profit & Loss understands that Francisco started in her new role on Monday and will be focused on selling FX prime brokerage and DEC products to institutional clients.

Francisco will report locally into Ira Rudman, director, head of institutional sales FXPB/DEC, Americas, at BNP.

She joins from Wells Fargo after one year working as a director at the US bank. Prior to that, Francisco was at Deutsche Bank, where she was a director, focused on prime brokerage sales, FX hedge fund sales and derivatives clearing.

Before joining Deutsche in 2008, she worked for over seven years as a vice president at Goldman Sachs, focused on credit sales and prime brokerage sales.

CME to Swap Out Turkish Lira Contracts

The CME Group has delisted its EUR/TRY futures contract, effective immediately, and plans to delist its USD/TRY futures contract while also launching a new TRY/USD futures contract in September.

The EUR/TRY contract was listed for trading on CME Globex, as well as for submission for clearing via CME ClearPort. There was no open interest in the EUR/TRY contract at the time of delisting.

For the USD/TRY contract, all contract months that are listed beyond September 2018 have been delisted, meaning that although this contract will continue to be listed on CME Globex and CME ClearPort for the time being, after the market close on September 18 it will be permanently delisted. There is no open interest in the contract months after September.

CFH Clearing Hires Bleys, Hands Fry New Role

CFH Clearing has hired Michael Bleys as vice president, sales, EMEA, and handed existing employee, Harry Fry, a newly created business development role.

Bleys joins from Sucden Financial, where he spent over five years in the firm’s e-FX division. His career also includes five years at Saxo Bank in both London and Copenhagen, where Bleys was a sales trading manager, and a year at Barclays Wealth and Investment Management as vice president, FX derivatives. He will be based in London, with a remit covering brokerages, regional banks and funds.

Prior to his new role, Fry spent the past two years working in CFH’s client services team. Before that, he was employed by JP Morgan Asset Management, initially as a UK funds consultant and later as an oversight analyst.