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Capitolis Makes Three Senior Hires Capitolis has made three senior hires as it looks to continue expanding its novation business. Paul Perdoni and Sam Grant joined the firm in December, with the former charged with focusing on EMEA strategic accounts and the latter on EMEA buy side sales. In addition, Ralitza Fortunova will join Capitolis in February 2019, she has been appointed to the role of managing US strategic accounts. Perdoni and Grant are based in London, while Fortunova will be based in New York.
Lyons Joins FastMatch

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Lyons Joins FastMatch

David Lyons has joined FastMatch as head of product and business development, reporting to CEO Kevin Wolf.Based in New York, Lyons was previously working as a consultant, advising firms on electronic trading, electronic risk management, best execution and transaction cost analysis (TCA).Prior to that, Lyons was the global head of EBS Hedge between 2014 and 2016, when the platform was still part of the ICAP business. Lyons has spent most of his FX career on the banking side though, having spent 20 years at RBS in a variety of FX-focused roles, including head of electronic spot FX, in both London and New York.
Management Changes at State Street in Asia as Seck Steps Down Profit & Loss understands that Wai-Kwong Seck, CEO of State Street in the Asia Pacific region (APAC) and member of the bank’s Management Committee, is leaving after an eight year career. According to an internal memo seen by Profit & Loss Seck will be replaced by Ian Martin, currently EVP Asia Pacific at the bank and formerly head of Global Markets for the bank in the region. In the memo, Ron O’Hanley president and CEO of State Street thanks Seck for his time at State Street and says, “Wai-Kwong and I have been speaking for some time about his desire to be back in his hometown, Singapore, and to do something different
Galy Joins Nordea Asset Management Sebastien Galy has joined Nordea Asset Management as a senior macro strategist.Now based in Luxembourg, Galy joins from Deutsche Bank, where he was a senior macro and currency strategist in the firm’s New York office. Prior to joining Deutsche Bank in 2015, Galy spent over four years as a senior currency strategist at Societe Generale and over two years in the same role at BNP Paribas. Both of these roles were based in New York. Before that, Galy had spells as a senior currency strategist at Dresdner Kleinwort in London between 2007-2008 and at UBS in Zurich between 2006-2007.
Spotex Hires Miesner

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Spotex Hires Miesner

Spotex, a developer of technology systems for the FX markets and ECN operator, has hired John Miesner as executive managing director, global head of sales and distribution. “We are fortunate to have John join us at this transformative point in our evolution,” says Ritesh Agrawal, CEO of Spotex. “John’s vast knowledge of the institutional foreign exchange market and its key participants will be a tremendous asset as he leads the company forward.”Spotex was launched in 2014 by Agrawal, who previously held senior IT positions at Hotspot FX (now Cboe FX), GFI and PwC, and COO Chris Mitchell, who held similar positions in financial technology.
Schulz Exits Cboe Profit & Loss understands that David Schulz has left exchange group Cboe, where was a director in the firm’s global markets group most latterly focused on its bitcoin futures offering. Schulz joined Cboe in November 2012 after a more than eight year spell at rival exchange firm CME, where he was a director, FX products. Prior to moving into the exchange space Schulz was a CME floor trader in Chicago for more than three years after exiting the banking industry after a 20 year career with Merrill Lynch in FX trading.
Cboe Announces Management Changes in Wake of Concannon Departure Cboe Global Markets has announced a raft of senior management changes following the news that Chris Concannon is set to leave the firm, where he currently holds the position of president and COO.Chris Isaacson, currently executive vice president and chief information officer, will become executive vice president and COO, reporting to chairman and CEO, Ed Tilly. In addition, Eric Crampton, currently senior vice president and global head of software engineering, will become senior vice president and CTO, reporting to Isaacson. Tilly will add the title of president to his current role, a position he previously held from 2011 to 2013. These appointments will be effective January 14.
Sedergreen Exits BGC Keith Sedergreen stepped down as managing director of BGC Partners in Australia at the end of 2018 – he had been with the firm for two years having joined from a seven year career at rival inter-dealer broker Tullett Prebon. Sedergreen, who is actively pursuing other opportunities in the financial markets industry, has been working in the inter-dealer broking space for almost 40 years including stints in London, New York, Johannesburg and Tokyo before settling in Sydney. He is also the long-standing vice chair of ACI – The Financial Markets Association’s Committee for Professionalism, having been appointed to the position in late 2013 – in addition Sedergreen has been an active advocate for the FX Global Code, including the use of ACI’s ELAC (e-learning, attestation and certification) portal.
Euronext FICC Head Steps Down Paul Humphrey, global head of FICC at Euronext, is leaving the firm to pursue other opportunities a spokesperson for the exchange confirms. He has been at Euronext for three years and was responsible for building and managing the FICC business and led the group’s purchase of a majority stake in FX platform Fastmatch. Chris Topple, CEO of Euronext London, has been named to head the FICC business going forward. Humphrey has more than 25 years experience in the FICC industry.
Masters Steps Down as CEO of Digital Asset Distributed ledger technology (DLT) provider Digital Asset has announced that Blythe Masters, the company’s CEO since formation in 2015, has asked to step down as CEO for what the company terms "personal reasons". AG Gangadhar, who joined the company’s board of directors in April, has been appointed the board chairman and will serve as the acting CEO until a permanent CEO is named. The frim says Masters will remain involved in the company as a board member, strategic advisor and shareholder.