Circle, a fintech firm that offers a range of services in the crypto space, has hired John Barnett as VP and global controller.
In this capacity, Barnett will lead the firm’s accounting and tax teams and will also work to build out its business systems and procurement teams.
Most recently Barnett was the CFO at Ironwood Capital Management and the Rhode Island Foundation. His career has also included management consulting at BCG, controllership at Teradyne and financial operations and planning at Fidelity and Cabot.
Ian Daniels has joined Nomura as executive director, head of e-FX distribution, EMEA.
Based in London, Daniels most recently worked at NatWest Markets as director, head of e-FX sales, EMEA, prior to this new role.
At NatWest Markets, he was responsible for the distribution of the bank’s electronic offering to financial institutions and corporates across the EMEA region.
Daniels joined NatWest in 1998 and held a variety of roles within the bank’s FX business, joining the e-commerce team in 2006.
Edgar Ramon has left his position as global head of FX at INTL FCStone, according to market sources. He leaves after thirteen years with the firm, where he was based in its Chicago office.
Ramon’s next destination is not known at this point in time and Profit & Loss understands that INTL FCStone has yet to name a replacement.
Separately, Profit & Loss understands that Joe Conlan, global head of FX sales at the firm, has also left. Conlan joined the firm in 2007 from AM Rosenthal - he also had stints at Currenex, Integral Development, CME, Cognotec and EBS. Conlan's plans are also unknown.
David Puth is stepping down as the CEO of CLS after leading the company since 2012.
Chairman Kenneth Harvey will act as interim CEO until a successor is named. Puth will remain with CLS through 30 November to ensure a smooth transition.
While Harvey serves as interim CEO, CLS independent director Bryan Osmar and director Rick Sears will assume the responsibilities of chairmen of the board of CLS Group Holdings and CLS Bank International. CLS has retained an executive search firm and is evaluating candidates for the CEO role.
BNP Paribas has appointed Baris Temelkuran as global head of G10 FX options trading.
Based in London. Temelkuran joins the G10 FX management committee and reports to Neehal Shah, global head of G10 FX trading.
Baris joins from Goldman Sachs, where he worked for 12 years, most recently in charge of its G10 and emerging market FX exotic options trading globally.
In addition to Temelkuran, BNP Paribas has also added to its G10 FX options trading business with three further hires over the summer. Karim Javeri and Richard Collins joined the bank from Citi, and Adam Baines joined from Credit Suisse. All three are options traders and will report to Temelkuran.
Jeremy Monnier has joined Barclays bank as a managing director.
Based in London, Monnier joins from Deutsche Bank, where he had worked for more than 10 years, most recently as managing director and global head of FX structuring.
Prior to joining the German bank in 2007, Monnier spent six years at Goldman Sachs, the first five of which he worked as an FX strategist and the last of which he was head of equity derivatives sales strategy.
This is the third senior appointment in Barclay’s FX team in recent months after the bank appointed Fabio Madar as the global head of G10 FX trading and distribution and named James Hassett in the new role of global head of EM macro trading in July.
Mark Carney, Governor of the Bank of England, has agreed to extend his term to January 2020.
In a letter to Carney published today, Philip Hammond, the UK Chancellor of the Exchequer, said: “Further to our discussions and those that I have had with the Prime Minister, I am writing to ask whether you would be able to extend your term as Governor of the Bank of England to January 2020 to support a smooth exit of the United Kingdom from the European Union and an effective transition to the next Governor.”
In his reply, the Governor said: “I recognise that during this critical period, it is important that everyone does everything they can to support a smooth and successful Brexit.
Dan Berkovitz has been sworn in to serve as a Commissioner for the US Commodity Futures Trading Commission (CFTC).
“I consider it a privilege and honor to return to the CFTC as a Commissioner,” says Berkovitz after being sworn in by US District Judge Randolph Moss of the U.S. District Court for the District of Columbia. “I look forward to working with Chairman Giancarlo and my fellow Commissioners on the agency’s important mission of ensuring our markets are financially sound and free from fraud and manipulation.”
“I am pleased to welcome Dan to the Commission,” says CFTC Chairman, Christopher Giancarlo. “I look forward to working with him as we embark on new challenges in regulating the derivatives markets.”
Daryl Hooker, formerly global head of spot FX and precious metals at NEX Markets, is joining Capitolis in London as a consultant.
Hooker will be responsible for product and business development and will be reporting to Gil Mandelzis, co-founder and CEO of Capitolis.
Hooker spent almost 19 years at NEX and its forerunner Icap, starting in 2000 after joining from Reuters – a firm he joined after a long career in inter-dealer broking. He is also chairman of the International Ruble Settlement Forum, which was set up to help mandate the full adoption and usage of Russia’s real time gross settlement system (RTGS) for the ruble.
MarketFactory has hired Sophie Verdellet as an account manager.
Based in London, Verdellet will be responsible for account management and customer service in the EMEA region and will report directly to Al Crane, director of sales at MarketFactory.
Prior to joining MarketFactory, Verdellet worked in e-FX business development at Xenfin Capital where she was responsible for business development, project management, global e-FX sales and liquidity, and e-FX product management.
Before that, Verdellet served as head of support for e-FX sales and liquidity at Liquidity Pool. She began her career as a trading assistant at Mako Global, which was subsequently acquired by Xenfin Group. Verdellet later transitioned to head of support at the firm, and has nearly 10 years of experience in the foreign exchange industry.