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Makor Group Adds Two to FX Business

Brokerage firm Makor/Oscar Gruss Group, which was formed by two former Cantor Fitzgerald Europe executives in 2011, has announced the hire of Tom Friedel and Matthew Lutz.

Both men will be based in New York and will, the firm says, shortly be followed by more to mark the opening of its US FX Desk, which will be based in both New York and Chicago. 

Friedel has joined as head of e-FX USA focussing on building out the electronic FX business working closely with the firm’s London FX desk. He has 25 years of experience in foreign exchange spanning positions in trading, execution and sales and previously held numerous senior roles ranging from head of the PWM FX Desk at Deutsche Bank Wealth Management, to senior FX trader at Bank of America. Most recently he was global head of API sales at Edgewater Markets.

Lutz has joined as managing director of the FX Desk in New York. As a part of the expanding US FX desk he will primarily work on expanding the footprint of Makor in the US hedge fund community.

Lutz joins from Tudor Investment Corporation where he worked for 18 years, most recently as vice president, senior macro exchange trader.

Makor says the two men will work closely with those on its London FX desk and will report to Michael Benitah, head of FX and FI at Makor/Oscar Gruss Group, and locally to Michael Halimi, CEO of Makor/Oscar Gruss Group.

Colin Lambert

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