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Bache Commodities Expands FX Team

Bache Commodities, the London-based commodities and financial derivatives subsidiary of Prudential Financial, has strengthened its foreign exchange team with two senior hires.

Jonathan Webb has joined as head of FX strategy and former market analyst George Tsiourvas has been appointed vice president, FX sales.Both report to Matt Ardizzone, the New York-based global head of foreign exchange sales.

Webb, a two-decade FX veteran, joins Bache from C-View where he was a director and portfolio manager.Prior to that, he held senior positions at the Royal Bank of Scotland, Dascm Limited, Credit Suisse First Boston and HSBC.

Tsiourvas was previously a market analyst and execution trader with Omni Partners. Before that, he was a vice president at ING Financial Markets where he worked in FX and interest rates derivatives structuring and sales for ING’s various businesses.

“Jonathan and George are significant additions to our London FX team,” says Brian Jaspers, global head of foreign exchange.”Their experience and unique perspectives on the market will be a valuable resource for clients and will further strengthen our capabilities in London.”

Bache is the London-based arm of Prudential’s global commodities group, which also comprises Prudential Bache in the US. The group plans to make additional sales hires this year to further bolster its FX offering in London and New York.

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