Day: September 4, 2019

Is the Future of Finance Digital?

Back in 2013, when Profit & Loss first started writing about this new digital currency that was creating a buzz called “bitcoin”, most mainstream financial services firms wanted nothing to do with it. Yes, a few banks and other large firms were starting to put out some research papers about bitcoin, but this was generally […]

Margolis Joins JP Morgan Private Bank

Adam Margolis has joined JP Morgan Private Bank as Asia head of FX and commodities. Based in Singapore, Margolis has taken this new role after more than nine years with Citi, during which time he worked in both London and Singapore and was most recently the global head of FXLM bank sales. Prior to joining […]

Capitolis Taps Molluso for CFO Role

Capitolis has appointed Joseph Molluso as its new CFO. Based in New York, Molluso will start at Capitolis in October will report directly to the firm’s CEO and founder, Gil Mandelzis. Prior to this latest appointment, Molluso spent the past six years as executive vice president and CFO at Virtu Financial, where he was a […]

TP Icap Hires Zaidi to Head Compliance

Inter-dealer broker TP Icap has appointed Amir Zaidi as global head of compliance, based in New York. He joins from the US Commodity Futures Trading Commission (CFTC), where he has served in a variety of roles for nine years, most recently as director of its Division of Market Oversight. In that role, he led a […]

HKEX to Launch INR Futures

Hong Kong Exchanges and Clearing (HKEX) has announced it will launch Indian rupee (INR) currency futures in the fourth quarter of this year. The exchange it plans to introduce two new contracts: the INR vs US Dollar (INR/USD) futures; and the INR vs Renminbi traded in Hong Kong (INR/CNH) futures, adding the INR/CNH Futures contract […]