Neehal Shah has joined BNP Paribas as global head of G10 FX trading with immediate effect. He will be based in London and report directly to Adrian Boehler, global co-head of FXLM and commodity derivatives.
Shah joins after 18 years at Deutsche Bank, where he held a number of senior positions including global head of currency options and complex risk trading, head of FX trading Americas and global head of FX investor sales. He was also global head of markets electronic sales, as well as a member of Deutsche's Markets Electronic Trading Management Committee.
Marco Baggioli has resigned from his position as COO at ADS Securities, according to market sources.
Baggioli had been with ADS since July 2015, initially joining as executive managing director, global head of brokerage, before being handed the COO role in July 2017.
In his latest role, he was based in the Abu Dhabi head office and was responsible for operations, legal and compliance, product and change, IT, marketing and HR across the firm's business lines. Prior to joining, Baggioli was global head of FX prime brokerage at BNP Paribas in London.
Niki Beattie has joined the XTX Markets board as a non-executive director, effective 1st October.
After a career in investment banking, Beattie founded Market Structure Partners which is an independent strategic consultancy specialising in capital markets structure where she has worked on numerous projects with venues, hedge funds, asset managers and government institutions.
Beattie is an experienced non executive director, with roles on the boards of a number of financial markets institutions and infrastructure providers. She also sits as a member of the Regulatory Decisions Committee at the Financial Conduct Authority (FCA) and a member of the Secondary Markets Advisory Committee at the European Securities Markets Authority (ESMA).
Dave Reid has left Citi and is set to be named as the new global head of FX prime brokerage (FXPB) at Deutsche Bank, according to market sources.
Based in London, Reid had been with Citi since July 2006 and was responsible for prime brokerage sales at the bank.
Prior to joining Citi, Reid held roles in prime brokerage and e-FX at AIG Financial Products, Atriax and ANZ Investment Bank, as well as derivatives sales and trading roles in various locations globally for Swiss Bank Corporation.
Nicholas Zografos has left his role as director in derivatives clearing services sales (DCS) and marketing for the Americas at BNP Paribas, according to market sources.
Based in New York, Zografos joined the French bank in December 2014, having left Bank of America the previous September as part of a broader reduction of its FX team.
Zografos joined Bank of America in 2005 and was a director within its prime brokerage group at the time of his departure. Prior to that position he spent eight years at the private bank, Julius Baer.
FlexTrade has announced the appointment of Bruce Wolf as its head of FX business development.
Based in the company’s headquarters in New York, the firm says Wolf will manage sales and business development for FlexTrade’s FX trading solutions for both the buy side and sell side markets.
Prior to EBS, Wolf worked at Integral Development as managing director, head of Americas, before that he served as a director, FX banks sales desk head, for Citi in Zurich, New York and London.
Edgewater Markets has launched a new South American operation based in Santiago, Chile, that will be headed up by Jose Antonio Buenaño.
Prior to joining, Buenaño was head of financial institutions derivatives origination for Latin American clients at Sumitomo Mitsui Banking Corporation.
Before that, he was CEO at Tanner Corredores de Bolsa, a securities dealer firm, after holding management positions in New York City at Credit Agricole and the Royal Bank of Scotland as head of LatAm sales, focusing on financial institutions in Brazil, Chile, Colombia, Mexico and Peru.
Executive search firm Options Group has acquired MCL Search, an executive search firm based in London specialising in electronic markets (trading and distribution), prime brokerage/clearing and financial trading technology with a focus on currencies and fixed income.
Options Group says since 2012, MCL Search has developed an impressive track record and global reputation. Founding partners, Maria Aldous and Charlotte Battisti, bring a combined 25 years in executive search, and will be responsible for expanding Options Group's FICC electronic markets, prime brokerage and financial trading technology coverage.
Andre Severi has joined Cürex Group as managing director.
Based in London, the firm says he will focus on the development of customer relationships throughout continental Europe, the UK, Ireland and the Middle East.
Most recently, Severi served as head of European nstitutional FX sales for Royal Bank of Canada in London having been head of institutional and hedge fund FX sales in North America prior to that.
He has also worked as head of European & Middle East institutional FX sales for State Street Bank in London where he spent 14 years.
As previously reported by Profit & Loss, Alex MacKinnon has joined CFH Systems in Singapore to head up the firm’s newly-opened office in the city state.
Mackinnon will be based in Singapore as head of Asia, and will begin his role on 3 January 2018, with overall responsibility for CFH Systems in Tokyo and Hong Kong in addition to establishing and growing the operations in Singapore. CFH Systems Singapore, a wholly owned subsidiary of CFH Systems, will open in late summer 2018.