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Shterenberg Exits BAML Sources familiar with the matter tell Profit & Loss that Alex Shterenberg, global head of FX algos at Bank of America Merrill Lynch in New York, has left the bank. The sources say he is moving to another, as yet unnamed, sell side institution in a senior FX role. Shterenberg joined BAML in May 2013 as head of FX e-commerce for the Americas before assuming his latest role. He joined from a six-year career at JP Morgan in New York, where he was head of FX algorithmic products. Prior to JP Morgan, Shterenberg had roles at Broadway Technologies and UBS.
ErisX Expands With Three Senior Hires The recently launched platform for digital asset trading, ErisX, has hired Kelly Brown as chief commercial officer, Liz James as head of clearing and Michael Piracci as senior counsel. Brown will be tasked with developing an “intermediary-friendly approach” to developing a safe and liquid digital asset market on the platform. Before joining ErisX, Brown was most recently managing director and head of intermediary, bank and membership segments at CME Group. Brown also held roles in institutional sales at Bank of America and Cargill Investor Services.
Lincoln Joins BNYM? Profit & Loss understands that Claire Lincoln has joined Bank of New York Mellon in London. Reporting to James Taylor, global head of e-sales and EMEA platforms, Lincoln will focus on European clients as the bank extends its e-platform Lincoln last worked in the FX industry in April 2016 when she left Credit Suisse after four years working in the bank’s e-FX sales including its proprietary platform and AES. Prior to that she spent almost seven years at Bloomberg in relationship management roles.
Stater in Second Sucden Hire Ayhan Gurcuoglu has been appointed by Stater Global Markets as regional sales manager (Turkey). He joins from Sucden Financial, where he was also regional manager for Turkey. In addition to three years at Sucden Financial, Gurcuoglo was at Sanko Securities for five years, where he progressed from financial dealer to foreign markets assistant manager and was, the firm says, instrumental in building up the organisation’s FX and CFD departments. His career history also includes working at Tera Brokers and at Raymond James in Turkey.
Rouse Exits NEX After More than 20 Years with EBS Fulinda Malone-Rouse is leaving NEX Markets, where she spent the past 20 years, most recently as Regional Liquidity Manager for EBS Direct, based in New York. With more than 25 years of experience in the FX industry, she has worked in roles ranging from trading to sales to business development. Rouse spent the first 16 years of her career at Barclays Bank, culminating in the role of Chief Dealer for the North American FX trading centre. She later moved to the former M&T Bank, where she spent four years, and after that, traded proprietarily for a period.
Law Joins CLS in APAC CLS says that it has hired Margaret Law as head of client management APAC. She will be based in Hong Kong and report to Joe Ziccarelli, global head of sales. CLS says that Law will be responsible for continuing to grow the client base across the region, as well as the adoption of CLS’s broader portfolio of products and services focusing on three business lines – settlement, processing, and data. She joins from Northern Trust where, as head of client services, she was responsible for managing the local sales team and growing client relationships across Hong Kong, Taiwan and Macau.
Phung Joins Citi in Singapore

in News, People

Phung Joins Citi in Singapore

Minh Phung has joined Citi as director, FXLM trading, in Singapore. Prior to this, Phung’s latest role had been with Natixis Asia, where he was head of G10 and emerging markets trading in the bank’s Hong Kong office. Phung had been with Natixis Asia for over six years, having joined in 2011 after spending over two years as director, global emerging markets trading, at RBC Capital Markets. Between 2004 and 2008 Phung was a managing director at Bear Stearns, and before that he spent over seven years as a senior dealer, global emerging markets, at Credit Agricole Indosuez.
Newly Branded Jump Liquidity Hires Three Jump Liquidity, the new direct trading focused brand of Jump Trading launched at Profit & Loss Forex Network Chicago last week, announces three hires for its sales team. Harry Kent joins the European sales team from Barclays Capital, where he was most recently working in e-FX sales in London. He joined Barclays in mid-2010 and has worked across the firm’s eFX hedge fund sales desk, execution services and bank sales for the EMEA region. Prior to Barclays, he spent nearly four years with Bloomberg in EMEA FX sales.
Davies Trades Sucden for Stater Michael Davies has been appointed global head of sales at Stater Global Markets, joining after over 14 years at Sucden Financial where he was head of e-FX sales EMEA. Stater says the newly created role is “a major development” for the FCA-regulated prime of prime brokerage, following its announcement that it plans to build a sales function. The firm has also appointed Max Moriarty to an EMEA sales role, reporting to Davies. Davies joined Sucden Financial in 2004 as a research analyst before becoming head of research in 2007.
Rahbari Handed Senior FX Role at Citi Ebrahim Rahbari has internally moved to join Citi’s FXLM business as global head of FX analysis and content and has also been named as the bank’s chief G10 currency strategist.   According to an internal memo seen by Profit & Loss, Rahbari will report into Itay Tuchman, global head of FX at Citi, and will also join the FX trading management team. He will be based in New York In his new role, Rahbari will be responsible for developing and implementing Citi's strategy to provide FX analysis and other content across G10 FX strategy, FX Wire/trader content, trade ideas, technical analysis, and any other forms of FX-related product.