Trader Walks Free in Euribor Trial

Former Deutsche Bank trader and managing director Andreas Hauschild has been acquitted of conspiracy to defraud at London’s Southwark Crown Court over the rigging of the Euro Interbank Offered Rate (Euribor) after being found not guilty of manipulating the benchmark rate during global financial crisis. The case was brought by the UK”s Serious Fraud Office […]
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Changes at the Top of Sucden Financial

Sucden Financial has announced an organisational change at the top of the business with current CEO Michael Overlander moving to a non-executive chairman role and Marc Bailey, deputy CEO, stepping up to the head of the business. The changes will come into effect on January 1 2020, Serge Varsano will also remain on the board […]
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O’Flaherty Joins Westpac

Profit & Loss understands that Ian O’Flaherty has joined Westpac as head of digital solutions and client technology. Based in London, he will report to Sydney-based Giulio Katis, managing director and head of financial markets e-commerce at the bank. O’Flaherty has been consulting in the e-fixed income space since leaving Deutsche Bank in mid-2018 after a […]
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Genesis Announces Senior Hires

Genesis, a digital currency trading and lending firm, has announced three senior hires. Specifically, the firm has named Arianna Pretto-Sakmann as general counsel, Pat DeFrancesco as CTO and Leon Marshall as head of European business development. Profit & Loss previously reported that the firm has also hired Dan Torrey as head of institutional sales. “It […]
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Chiu Joins Bloomberg

Stephen Chiu has joined Bloomberg as an Asia FX rates strategist. Based in Hong Kong, Chiu joins from China Construction Bank, where he had been a vice president and FX and rates strategist since 2016. Prior to that, Chiu spent over six years at Bank of Tokyo-Mitsubishi UFJ, initially working as a trader before becoming […]
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Wright Exits Morgan Stanley

David Wright has left Morgan Stanley, according to market sources. Based in London, Wright had been with the bank for 16 years and at the time of his departure, was managing director and global head of Morgan Stanley Electronic Trading (MSET) macro. A spokesperson for the bank declines to comment or confirm his departure. Prior […]
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Lumint Adds Six to Advisory Board

Lumint, which builds, implements and operates integrated currency overlay management systems, has added Martin Bednall, Mike Even, William Fideli, Robyn Grew, John Rohal and Damon Yuzon to its advisory board. Bednall has worked in financial services for nearly 25 years in various roles across investment management, trading and custody operations with BlackRock, Barclays Global Investors […]
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Kulkin to Leave CFTC

Matthew Kulkin is leave the Commodity Futures Trading Commission (CFTC) where he was director of its Division of Swap Dealer & Intermediary Oversight (DSIO), later this summer. Kulkin joined CFTC in 2017 to lead the DSIO, the CFTC’s division that primarily oversees derivatives market intermediaries, including swap dealers, futures commission merchants, commodity pool operators, commodity […]
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SGX Creates New Structure, Names FICC Head

Singapore Exchange (SGX) has unveiled a new management organisation that the group says “capitalises on its strength as an international multi-asset exchange, to pursue growth opportunities and build scale in multiple asset classes”. With effect from July 1, four business and client units have been created to report to SGX CEO Loh Boon Chye – […]
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Mullooly Joins Tora

Tom Mullooly has joined order and execution management system provider Tora as head of US sales. He joins from TradingScreen where he spent just over two years as FX sales director for the US – prior to that he worked at BidFX and EBS, having joined the latter firm from an almost 14 year career […]
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