Soren Haagensen is leaving smartTrade Technologies, where he has served as director of sales for the Americas since joining earlier this year. Sources say he will be moving to a retail FX firm in the new year.
Based in New York, Haagensen joined the firm from Integral, where he worked as managing director, bank FX, Americas, for the previous two years.
The bulk of his career was spent at Societe Generale, where he spent 20 years, last managing its e-commerce product in the Americas from 2007 until his departure in 2015. Before that, he acted as the bank’s business manager for its New York FX business.
The Cürex Group has promoted Franz Schmidpeter to senior managing director and head of global business development.
Since joining Cürex in 2014, Schmidpeter has led the development of Cürex's pre- and post-trade data analytics platform and managed significant client relationships.
Commenting on the promotion, Jamie Singleton, Cürex chairman and CEO, says: "Franz has been instrumental in developing Cürex's web-based analytics tools that provide our customers with pre-trade market intelligence and real-time, post-trade analytics to improve their trading outcomes and prove best execution compliance. At the same time, Franz has developed and manages many of our most important client relationships. This recognition and promotion is richly deserved."
Barclays has appointed Alex Shterenberg as global head of G10 and EM e-FX Trading, based in New York.
In this role, Shterenberg will be responsible for leading Barclays’ electronic FX trading business globally. Profit & Loss initially reported on rumours that he was headed for Barclays in October, when he left his role as global head of FX algorithmic execution and head of e-FX trading for the Americas at Bank of America Merrill Lynch (BAML).
Fabio Madar, global head of G10 FX trading and distribution at Barclays, says
The Financial Stability Board (FSB) has named Randal Quarles, governor and vice chairman for supervision at the US Federal Reserve, as its new chair. In addition the FSB appointed Klaas Knot, president of De Nederlandsche Bank as vice chair. Both men have been appointed for a three-year term starting on 2 December 2018.
The FSB’s Plenary, which made the appointment, also agreed that after three years on 2 December 2021 Knot will take over as chair for the next three-year term.
Plenary members unanimously welcomed these appointments, FSB says, which were made at the recommendation of a specially constituted Nominations Committee.
Fintech firm Saxo Bank has announced the appointment of Thomas Hovard to the position as COO of global distribution and client services, effective from 4 February 2019. He will report directly to Damian Bunce, chief commercial officer.
Hovard joins from Danske Bank where he most recently served as global head of DCM sales and research. During his 16 -ear tenure with Danske Bank he has held several positions in both research and sales.
In his role at Saxo, he will be responsible for the ongoing operations of the global distribution and client services organisation and ensuring that the group’s strategy is executed across markets.
CFH Clearing has appointed legal and compliance expert, Julia Free to its Board in an internal move.
Free, a qualified solicitor, has been promoted from compliance officer to director at CFH Clearing. As part of her new remit, she will take on the role of money laundering reporting officer (MLRO) and has gained a CF11 accreditation with the UK’s Financial Conduct Authority (FCA).
Free’s promotion coincides with what CFH terms “a restructuring at CFH Clearing to merge legal, compliance and onboarding into a single department to create enhanced efficiencies for its institutional clients”. She will head up this combined function.
“We are delighted to welcome Julia to the CFH Board. Her appointment in this newly created role highlights the priority we give to ensuring our legal and compliance obligations are at the forefront of all decisions we make for the organisation,” says Matthew Maloney, CEO, CFH Clearing. “Julia has an in-depth understanding about our business as well as the increasingly complex legal requirements we need to adhere to as an FCA regulated firm with a global client base. She will be an asset to our Board and thoroughly deserves her promotion.”
Sucden Financial has appointed Kirsty Gillies as global head of e-FX sales as it seeks to further enhance its presence across worldwide FX markets.
Gillies joins Sucden Financial after spending eight years at UBS, where she held the position of executive director. She was responsible for running its e-FX sales team in London, having begun her career at Barclays Capital.
Reporting to co-heads of e-FX Peter Brooks and Wayne Roworth at Sucden Financial in London, Gillies will be responsible for “elevating its sales strategy in order to generate new business and solidify Sucden Financial’s presence across worldwide markets”.
Louisa Kwok has joined State Street Global Link in London as product manager in its trade services business. Confirming her appointment, a spokesperson for the bank says she reports to Kate Lowe, global head of trade services.
Kwok joins after a one year stint at JP Morgan, where she was executive director, product delivery, for the bank’s investment middle office services unit in its Custody & Fund Services business. This was her second term at the bank, having worked there from 2002 to 2009.
Neh Thacker has left Standard Chartered, where he was global head of macro trading, and Chris Allington is also going to be leaving his position as regional head, financial markets West.
A spokesperson for the bank confirmed the departures, stating that Allington is due to leave in the coming weeks “to pursue other opportunities”.
Profit & Loss understands that Cengiz Belentepe will become regional head, financial markets West, in addition to his current role as global head, commodities. Roberto Hoornweg, global head, financial markets will assume management responsibility for the macro business on an interim basis.
Adrian Boehler has, according to reports, left his position as co-head of FX, local markets and commodities at BNP Paribas. In another development, market sources tell Profit & Loss that Sally Francis, head of institutional sales for FX and local markets at the bank, has also left.
Boehler is seeking another career opportunity according to an internal memo cited by Bloomberg News. He joined the bank in late 2011 as global head of institutional sales, after serving as head of FX sales for Europe at HSBC.