David Hitchins, managing director and head of the London FX team at Jefferies, passed away unexpectedly on Monday morning.
“We are extremely grieved to inform you of the untimely passing of an important and well-loved member of the Jefferies family,” said an email that went out from Jefferies announcing the news.
The email continued: “An industry veteran with twenty years of experience trading FX and FX derivatives, David was considered a visionary leader and an incredible team player who possessed a formidable work ethic. He was a loyal and trusted friend to many and a true gentleman. He will be greatly missed by all who knew him.
“Unfortunately, this is a very sad reminder to every one of us about the true fragility of life. We should all go home and hug our loved ones and make sure we are properly prioritising our most valuable commodity, time. Our hearts go out to David’s family and loved ones.”
Hitchins leaves behind four children under the age of 18, and a fund has been set up that will be used towards their education expenses. Donations can be made here: www.gofundme.com/HitchinsFamilyEducation.
A service is being planned in Hitchin’s honour, with those interested in attending advised to contact Ray Kamrath, global head of FX at Jefferies, for more details.
Hitchins joined Jefferies in November of 2015 and was engaged in building the firms London and EMEA currency franchise.
Prior to that, he was the co-head and founder of Alacrity FX, along with Stephane Coquillaud, for nearly three years. He has also worked at Unicredit, as global head of G10 vanilla trading, and held senior positions at Toronto Dominion, Credit Agricole and Bank of America.