Lehman Brothers has raided Knight Capital's Hotspot FXi by appointing Rob Fleschler in New York as its new global head of FX e-commerce, sources tell Squawkbox. A spokesperson for the bank was unable to confirm the hire by press time.
Fleschler was previously global head of sales at trading platform Hotspot FXi. He joined Hotspot, a subsidiary of Knight Capital Group, in 2003 from Singapore-based Mandarin Capital Technologies, a provider of data display and analytical tools, where he was CEO and co-founder.
Prior to this he worked for UBS Warburg and JP Morgan, in roles that included trading and later selling cash and derivatives. He was also a member of UBS’s product distribution committee in Asia, as well as the content working group for its treasury e-platform, leaving in early 2001 to join Mandarin on a full time basis.