FXPA Announces New Officers, Board Members

The Foreign Exchange Professionals Association (FXPA) voted in a slate of new Officers and Board members at its annual meeting on February 5.In roles that took effect March 1, 2019, Lisa Shemie, Associate General Counsel of Cboe Global Markets and Chief Legal Officer of Cboe FX and Cboe SEF, was elected as the group’s new Chair; Jill Sigelbaum, Head of FXall, Refinitiv, was elected Vice Chair; Paul Houston, Global Head of FX, CME Group, was tapped as Treasurer; and Jason Vitale, Managing Director, Chief Operating Officer FX & Head of Client Execution, BNY Mellon, was re-elected as Secretary.
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TraderTools Gets Investment, Makes Hires

TraderTools has hired Andreas Putz as director of sales and Rich Pisarra as liquidity manager in New York, following new investment into the firm.“We are building out our ULN (EM network) and scaling up what has been a very successful initiative for us. We plan on going very aggressively after the software white label market and the connectivity markets for regional banks and brokers. We will be aggressively pricing the commoditised components for vanilla G10 flow,” Mark Mayerfield, chief revenue officer at TraderTools, tells Profit & Loss.Mayerfield also confirms that these hires follow new investment in TraderTools, and although he declines to provide details regarding the size and scale of the investment, sources indicate that
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Du Plessis Leaves UBS

Mike du Plessis has left his position as global head of exchange traded derivatives (ETD), macro execution, at UBS.Based in New York, du Plessis had been with UBS since 2010. Before that he spent three years as managing director, European head of fixed income listed derivatives, at Deutsche Bank.Between 2002 and 2007, du Plessis was a partner at Cube Financial, which was acquired by Societe Generale. He has also worked at Lehman Brothers, Industrial Bank of Japan and NatWest Markets in a career in financial services that stretches back to 1992.A spokesperson for UBS declined to comment on the departure of du Plessis.
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Dolan Joins BTIG

Thomas Dolan has joined BTIG as a director in the firm’s New York office.Dolan joins following 12 years at Credit Agricole, where he worked in FX institutional and bank sales, also based in New York.Prior to joining the French bank in 2004, he was a senior FX sales/trader at Newedge for over two years. Before that, he worked as an FX trader at Goldman Sachs, Bear Stearns and Commodities Corp in a career stretching back to 1989.
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Neal Moves to RBC, While BNY Mellon Makes Management Changes

BNY Mellon has made changes to its Markets Group following the departure of Michelle Neal, CEO of that group, who has joined RBC.Based in New York, Neal will start her new position as head of RBC’s US FICC business in June and will report into Jonathan Hunter, global head of FICC at the bank.“In this role, Michelle will be responsible for providing strategic leadership to our US FICC business in partnership with our global product, sales and regional heads. She will have oversight for all strategic and execution-related aspects of the business, including ensuring that we continue to expand RBC's footprint and client franchise, that we manage our performance and risks effectively and that we continue to build and retain a team of top talent to strengthen our U.S. franchise.
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XTX Appoints Two in Paris

XTX has appointed Serge Harry as chairman of the Board of XTX Markets SAS, the firm’s newly formed French entity. It has also unveiled the appointment of Geoffrey Damien as managing director, head of France. Harry has over 30 years of experience in financial markets in various
senior executive positions at the London Stock Exchange Group, New York Stock Exchange, Euronext and Euroclear. He also currently holds directorships, as a non-executive director of LCH SA, MTS France and Curve Global. Damien joins from Euronext where he was head of product development and projects and head of retail execution. Both men will be based in Paris.
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FIA Announces New Management Team

FIA’s president and CEO Walt Lukken announces the appointments of Jacqueline Mesa as chief operating officer and Emma Davey as chief commercial officer of the association. “I am excited about FIA’s leadership team at this important time in our industry’s development,” says Lukken. “These appointments will further solidify our management team and help us to better meet the needs of our global membership going forward.”Mesa has been senior vice president of FIA’s Global Policy group since 2013. In addition to her responsibilities on global advocacy, Mesa’s role as COO will involve advising and assisting the CEO on FIA’s day-to-day operations and advancing its global strategy. Before FIA, Mesa worked at the CFTC, including as director of International Affairs for seven years.
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Crown Agents Bank Hires Digby

Crown Agents Bank (CAB), an emerging markets FX and payments specialist, has appointed Colin Digby to head up its banks and non-bank financial institutions portfolio in OECD countries.Based in London, Digby joins CAB after four years in consulting and advisory roles across payments, FX, fintech and banking businesses. Prior to that, he spent his career working at a number of major banks in FX and payments focused roles, including RBS Markets, Barclays, Deutsche Bank, JP Morgan and Citigroup.“Colin brings so much expertise to this role. His input will be invaluable as we consolidate our existing portfolio and look for innovative ways to further develop the business,” says Albert Maasland, CEO of Crown Agents Bank. “We are a relationship business, based on trust, and having individuals with proven expertise at the helm is something that is important to our clients, and therefore important to us.”    
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Barclays FX Trader Bogucki Cleared

Robert Bogucki, who was facing six counts of wire fraud and one count of conspiracy, was acquitted by a federal judge in Northern California today. Bogucki, the former head of Barclays’ New York FX operation was charged last year in an indictment for his alleged role in a scheme to front run client orders. Bogucki was alleged to have misused information provided to him by Hewlett Packard (HP), which had hired Barclays to execute an FX transaction – which required the sale of £6 billion of options– related to the planned acquisition of a UK-based company in 2011. Bogucki previously lost a bid to dismiss the case.
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SG Cuts FX Staff in London

Following recent news of planned staff cuts at Societe Generale Corporate & Investment Banking (SG CIB), Profit & Loss understands that at least three senior FX staff have left the French bank. Tom Gillie, managing director, global head of FX trading, and Keith Hill, global co-head of e-FX sales at SG CIB, are among the early cuts to the FX team. Richard Ware, a senior sales/trader has also reportedly left. Sources say additional cuts were made to the FX team, but roles and numbers could not be determined by time of going to press. These sources add that the US team will also be impacted, but that the cuts have not yet been announced. SG declines to comment.
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