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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.
Former e-FX Head Joins Blockchain Firm in Hong Kong Michael Ng has joined Kenetic as a senior trader, responsible for building out the firm’s OTC trading and markets business, as well as risk management solutions for cryptoassets. Kenetic is a blockchain firm that seeks to expand the development and adoption of blockchain platforms through investments, advisory services, community and technology. Based in Hong Kong, Ng joins from Natixis, where he spent over two years working as a director in the e-FX trading business and the global markets digital initiatives.
BBH Head of Currency Strategy Joins Bannonckburn Marc Chandler has left his position as global head of currency strategy at Brown Brothers Harriman (BBH) to join Bannonckburn Global Forex as managing partner and chief market strategist. Founded in 2009, Bannockburn is a capital markets trading firm specialising in foreign currency advisory, hedge analytics, and transaction processing for closely held enterprises. Based in New York, Chandler had been with BBH since 2005. Before that, he spent over three years as chief currency strategist at HSBC and over two tears in the same role at Mellon Bank.
Coote Named as MD at Cobalt FX post-trade processing network provider Cobalt has appointed FX industry veteran Darren Coote as managing director. Coote has been working with Cobalt since the end of 2017 as a strategic advisor and will now take on responsibility for the day to day management of the company. The firm says the appointment comes at a key time for Cobalt as the company launches and looks to significantly scale its business. Coote brings over 25 years’ experience in the FX business to Cobalt.
Bambury New CTO at Integral Integral has announced the appointment of ex-ION Trading CEO Gavin Bambury as its chief technology officer (CTO). He brings more than two decades of trading and technology experience to his role at Integral. In addition to serving as both CEO and COO at ION Trading, Bambury has also held positions as global head of business re-engineering at Deutsche Bank and CTO of fixed income, currency and commodities at Citigroup. Harpal Sandhu, CEO of Integral, adds, “Gavin is an amazingly talented designer, technologist and leader.”
Birchall to Head LCH in Asia as Robinson Relocates to London Kate Birchall has been appointed head of Asia Pacific for LCH Ltd, effective 15 October 2018. Based in Sydney, she will report to Martin Pluves, CEO, LCH Ltd, and will be responsible for LCH’s business in Asia Pacific, including the CCP’s existing OTC derivatives clearing operations in Sydney and Tokyo. LCH says Asia Pacific is a region of strategic growth for the firm, which is directly licenced in Australia, Hong Kong, Japan, Singapore. Members and clients from 12 APAC countries currently use LCH’s clearing services.