Jefferies cut its global electronic FX business, including marketing making and algos, but is keeping its FX prime broking and FX voice businesses, according to sources. These sources say New York-based Michael Porzio, SVP and eFX product manager, and SVP Shawn Egger, as well as London-based Tom Robinson, MD and head of European FX sales, and SVP Robert Malin, have all left the firm.
Porzio joined Jefferies in June 2017. Before that, was in eFX sales at Bank of America Merrill Lynch.
Egger joined in December 2018. He was head of FX sales at Euronext for the two years prior, and before that, was head of US market making sales at Citadel Securities for three years.
Robinson joined Jefferies in July 2017. Previously, he was head of FX sales at MahiFX for over two years, and spent more than eight years with Goldman Sachs before that, last as an MD and global head of eFX sales.
Malin joined the firm in May 2018. Malin’s prior roles included stints at Fastmatch and ANZ.
A spokesperson declines to comment.