Broker dealer Cross Point Capital (CPC) has launched a foreign exchange business and appointed John Moran as managing director and head of FX and Matthew Clark as vice president of FX operations.
Moran is tasked with expanding CPC’s middle market FX liquidity and best execution services and joins from Advanced Markets, a futures commission merchant and foreign exchange dealer owned by Macquarie Bank and GFI Group.
At Advanced Markets, Moran was chief operating officer with responsibility for bank liquidity, product and technology development and institutional sales and strategy. Prior to joining Advanced Markets in 2009, he was a managing director at Genworth Financial (formerly GE). He has also headed fixed income sales at Fortis Bank, was a director at Deutsche Bank and worked at JP Morgan Chase in a variety of positions.
Prior to joining Cross Point Capital, Clark spent four years with Advanced Markets in charge of operations and trading.
CPC is a boutique investment bank and licensed broker dealer with offices in Charlotte, NC and Princeton, NJ. It offers fixed income sales and advisory to middle market institutional and corporate clients.
Munish Sood, CEO of CPC, says, “Fixed income is our core business, but we continue to look for opportunities that round out our strategic business model including the ability to cross sell products and increase our touch points with our clients and attract new ones. This was a clear reason to launch a foreign exchange platform.”