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State Street Appoints Global Exchange Sales Head State Street has announced the appointment of Richard Irons as head of sales for Global Exchange in Europe, the Middle East and Africa (EMEA). Based in London, he will report to David Pagliaro, head of Global Exchange, EMEA and will be responsible for developing and executing the sales strategy for Global Exchange’s product capabilities and solutions in EMEA, leading the regional sales team. Irons has more than 30 years of sales and relationship management experience in financial services and technology; most recently at Fenergo, where he was head of account management and customer support.
Durrant Joins GTX Henry Durrant has joined Gain Capital’s GTX – he started last week in London and is reporting to Steve Riley, head of liquidity at the firm.
Kamrath Joins Cryptocurrency Technology Firm Ray Kamrath has joined Rubicon Markets, a firm that develops trading and exchange technologies for use in the cryptocurrency ecosystem, as chief marketing officer.In this new role he will be based in New York. Kamrath joins the firm having left Jefferies last month, where he had worked as the global head of foreign exchange for the past three years. Prior to that he was the CEO of Faros Trading, a firm that he founded in 2009 and was subsequently sold to Jefferies in 2015 for an undisclosed fee.
ADS Securities Hires Head of MENA Retail FX Sales ADS Securities has appointed Nael Saleh as head of retail sales in the Middle East and North Africa region, for its FX and CFD brokerage business. He will report to ADS Securities’ global head of retail sales, Jason Hughes and joins from GKFX MENA, where he was director of operations, heading teams responsible for customer services and sales across a wide range of products on FX, CFD’s and commodities brokerage platforms. Previously, he was head of global sales at IronFX.
Hendrix Joins Fortex Technologies Fortex Technologies has announced the appointment of Victor Hendrix to create and lead its newest division XCloud. A global cloud server grid, XCloud offers liquidity-agnostic and broker-neutral trading Infrastructure as a Service (IaaS) to support all trading platforms and all bridge middleware. It also offers hosting and connectivity solutions from Equinix IBX data centres in New York NY4, Hong Kong HK3, and its newest location in London LD5. Hendrix left Beeks Financial Cloud Group in December, having served as global director of sales and marketing for nearly two years.
O’Flaherty Exits Deutsche Ian O’Flaherty has left Deutsche Bank after a 35 year career at the institution, most of it in FX. After more than a decade and half on the trading desk, O’Flaherty shifted to the e-commerce side and was a key part of the team that transformed Deutsche’s FX business into the electronic era, being heavily involved in the creation, building and development of its single dealer platform, Autobahn. In 2015 O’Flaherty was named as co-head of Deutsche’s Institutional Client Group debt e-commerce sales.
BoE Names Churm as Head of FX Division Rohan Churm has been appointed as head of the FX division at Bank of England (BoE), succeeding Rebecca Jackson. A spokesperson for the BoE declines to comment on the news, but Profit & Loss understands that Churm took on this new role late last year. Prior to this, Churm was the head of the Stress Testing Strategy Division at the BoE.  The division was created in 2014 and is responsible for the delivery of stress tests and development of the stress testing framework. The October 2015 paper, “The Bank of England’s Approach to Stress Testing the UK Banking System”, set out the main features of the Bank’s stress-testing framework to 2018.
Duco Appoints Dyrberg as COO Data engineering company Duco has named Mireille Dyrberg as chief operating officer, assuming responsibility for customer success, all administrative functions, finance and legal. Dyrberg joins from NEX Group’s TriOptima, where she was chief operating officer and previously CEO of EMEA. The appointment follows a recent $28m funding round for Duco. Prior to joining TriOptima Dyrberg was the global business manager for Rates at Dresdner Kleinwort, before which she held a series of operations leadership roles both in London and Frankfurt.
Williams Named New NY Fed President John Williams has been named president and chief executive officer of the Federal Reserve Bank of New York, following his appointment being approved by the Board of Governors of the Federal Reserve System. Williams will begin on June 18, 2018, the day after current president William Dudley’s last day. Williams is currently the president and chief executive officer of the Federal Reserve Bank of San Francisco, a role he has had since March 1, 2011, when he succeeded former Federal Reserve Chair Janet Yellen.
Kotecha Joins TD Securities TD Securities has hired Mitul Kotecha as a senior emerging markets strategist in Singapore. Kotecha joins from Barclays, where he had worked as head of Asia FX rates and strategy since 2014, also based in Singapore. Prior to that, he spent 14 years as the head of FX strategy at Credit Agricole and three years as a senior treasury economist at Standard Chartered Bank. Kotecha began his career in 1995 as a quantitative strategist at ING Bank.