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eFX Pioneer Estes Leaves BNY Mellon
Richard Estes has left BNY Mellon after 23 years with the US bank, according to sources. Based in New York, Estes had most recently held the position of managing director, FX markets, prior to his departure. Estes started his FX career in 1987 at JP Morgan, where he spent more than eight years, mainly in FX sales roles. He joined BNY Mellon in 1995 as vice president, FX sales. In 1999, Estes helped design and launch one of the first Internet-based client-to-bank FX trading platforms - iFX Manager - and subsequently helped negotiate the sale of the multi-bank licensing rights for the platform to the then-nascent FXall group in 2000.

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