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Cürex Hires Cudahy Kevin Cudahy joins Cürex Group in New York as a managing director, business development. He reports directly to Jamie Singleton, chairman and CEO. A 25-year FX industry veteran, Cudahy was most recently head of FX sales, North America, at Bloomberg Tradebook, which shuttered its FX group in January. Cudahy joined Tradebook in mid-2013. Prior to that, Cudahy spent more than 10 years at BNP Paribas, where he worked on the FX sales desk. He also spent a period at CCM Securities.
Greenberg Joins Citi Victoria Greenberg has joined the FX prime brokerage sales team at Citi as a director.
NY Fed Formalises Ashton Ban and Fine The Federal Reserve Bank of New York has formally imposed a $1.2 million fine and a permanent ban on employment in the banking industry against former Barclays trader Chris Ashton, the former global head of FX spot trading at the bank. The fine and ban is in connection with the manipulation of FX pricing benchmarks and was first announced last year. The Fed now says that Ashton failed to answer, appear, or request a hearing in administrative law proceedings after the Board charged him with a string of offences.
CLS Elects Nine New Board Directors CLS Group has named nine new directors to its board bringing the total to 23, of whom five are outside directors.
Two More Exit StanChart? Market sources tell Profit & Loss that Standard Chartered Bank has seen two departures from its G10 FX trading ranks, just weeks after four other traders in the bank's e-FX and NDF trading teams were reported to have left. Graham Smallshaw, director of G10 FX trading at Standard Chartered in Singapore, has apparently resigned from the bank as has Ashley Fox, a G10 FX trader at Standard Chartered in London, who has also apparently left the bank for another role.
RGC Taps Ager for New FX Division Rosenthal Collins Group (RGC) has appointed Brian Ager as president of the firm's new institutional foreign exchange division in New York. Ager joins from RJ O’Brien & Associates, where he had been senior director of New York FX sales and trading since 2011. Prior to this he had an earlier spell at RGC, working as the firm’s director of FX sales and trading between 2009 and 2011. Before that, Ager was vice president, FX institutional sales for Citibank and for RBC Capital Markets, beginning in 2000. His FX career began in 1994 at AIG International, where he started on the spot FX desk and earned a promotion to the FX sales desk to manage the firm's high priority clients. In 1998 he moved to the AIG head office in Greenwich, Connecticut, as assistant vice president of FX institutional sales.
Pillitteri Joins HC Tech Giovanni Pillitteri has joined HC Technologies in New York. He was most recently managing director and global head of FX trading at Global Trading Systems (GTS). Pillitteri joined GTS in February 2016 to help the non-bank market making firm gain a foothold in FX. Prior to GTS, Pillitteri spent his career on the banking side. Most recently, he spent four years with Morgan Stanley, last as managing director and global head of FX and interest rates e-trading. Before that, he was with Citi for nearly five years, last as a managing director, co-head of FX automatic trading, based in New York.
Thomas Joins BTIG

in News, People

Thomas Joins BTIG

Gareth Thomas joins BTIG’s FX trading group in New York as a director of TradeSave FX. TradeSave FX is BTIG’s electronic FX platform, which the firm says offers “low-touch technology for advanced direct market access”. “Gareth joins us following a distinguished career within foreign exchange trading,” says Anton LeRoy, COO of BTIG. “His broad range of experience includes client coverage for premier institutional asset owners sourcing liquidity and building FX aggregation technology.” Prior to BTIG, Thomas was a sales director at FastMatch, where he developed, maintained and strengthened client relationships within the electronic FX market.
Stevens Tapped to Head Sales at Tanridge Capital Lee Stevens has joined Tanridge Captial in London as managing director and head of sales. Tanridge is a global macro advisory and investment management company that specialises in FX. Prior to joining Tanridge, Stevens was a director at Tullett Prebon, where he was the head of FX options for the global currencies team and before that, he was on the FX sales desk at Morgan Stanley focusing on macro hedge funds. “I am optimistic about the growth prospects within the fund.
Former Fund Manager Nominated for CFTC Role Brian Quintenz has been nominated to be a Commissioner at the Commodity Futures Trading Commission (CFTC), according to a White House press release. Quintenz was the founder, managing principal, and CIO of Saeculum Capital Management from November 2013 to November 2016. Before holding that position, he was a consultant with Rose International from June 2013 until November 2013. Prior to this, he worked at Hill-Townsend Capital from 2009 to 2012, first as an analyst and then as the senior associate.