FX Brokerage Announces Raft of Senior Hires

DeepWell Liquidity Management, a London-based agency broker, has added seven senior market professionals to its team across three continents as it eyes growth and expansion into different asset classes.

Launched in September 2017 as a subsidiary of Tradition, DeepWell offers global coverage across a range of OTC and exchange-traded FX products, including spot, forwards, options and futures.

The broker says that it has experienced high demand for its bespoke service from buy-side institutions and investors since launch, and now employs 15 staff members across Europe, Americas and Asia Pacific. The new hires will be based in London, New York, Singapore and Sydney.

Alex Finney has joined DeepWell as global head of its FX business. Based in London, he has 28 years’ experience in FX markets and previously held various senior management roles in trading and sales at Credit Suisse. Finney was also a portfolio manager at Brevan Howard.

He is joined by Ajay Patel, who focuses on macro hedge funds. Patel was previously a partner and macro fund portfolio manager at Blacksquare Capital and has worked at Morgan Stanley, Deutsche Bank and RBS.

Kieren McCormack joined as head of origination. He previously led an independent brokerage serving the institutional and hedge fund space and spent 20 years at Credit Suisse, most recently as managing director and head of prime services sales and coverage.

Tom Thatcher also joined the London office as senior business manager from RBS, where he had responsibility for product development and onboarding FX prime brokerage clients.

DeepWell has also hired Colin George to set up the company’s US operation in New York. George traded FX options for 20 years at BNP Paribas, Merrill Lynch and Calyon, and most recently held a senior institutional sales role at Standard Chartered Bank in New York.

Rodney Sherrard has joined to set up DeepWell’s Asian FX business. He is based in Singapore and has over 20 years’ experience trading FX and bullion derivatives at banks including Citi and Deutsche Bank. He is joined by Matt Yell, who has 27 years’ experience in trading and sales roles, most recently at UBS, and will focus on macro hedge funds. He is based in Sydney.

Richard Leighton, CEO of DeepWell, comments: “Since we launched, we have experienced significant global demand for our services from institutional investors. We are entering a period of extensive market evolution, with regulation such as MiFID II bedding in, a revamping of Dodd-Frank taking place in the US, and principles-based rules such as the FX Global Code all having a profound impact on trading and market behaviour. Our team brings extensive sell-side and buy-side knowledge, making us ideally placed to help our clients support their trading requirements. Although we are currently focused on the FX market, we now have the expertise and resources in place that will enable us to grow our client base and serve institutions and investors operating in other markets, with particular focus on fixed income products.”

galen@profit-loss.com
@Galen_Stops
@Profit_and_Loss

Galen Stops

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