CFTC Appoints FX Veteran to Market Oversight Division

The US Commodity Futures trading Commission (CFTC) has named former Goldman Sachs and Deutsche Bank FX prime brokerage head Mel Gunewardena as deputy director of the Market Intelligence Branch (MIB) and CFTC’s chief market intelligence officer. Gunewardena has also held roles at State Street and was a former co-managing partner of G Capital Fund Management. Gunewardena has held numerous senior global roles in global markets trading, finance, over-the-counter, and derivatives clearing and has significant international experience having worked in Hong Kong and London, in addition to New York and Boston.
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Goldman FX Traders Exit to Establish Sports Betting Site

Profit & Loss understands that two FX traders at Goldman Sachs have left the firm to set up a sports betting site called Sportstack. The two traders, Kristian Brauten-Smith and Nick Smith were both based in London, Krauten-Smith had been at Goldman for seven years as a G10 spot trader and Smith had been at the bank for just under three years also as a G10 spot trader, having joined from a similar spell on Citi’s FX desk in London.
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Former Deutsche FX Trader Sentenced for Fraudulent Activity

An Australian court has sentenced former Sydney-based Deutsche Bank FX options and futures trader Andrew Donaldson to 18 months imprisonment after he pled guilty to falsifying entries in Deutsche’s internal financial records and systems. Donaldson pleaded guilty to one charge of using his position dishonestly with the intention of directly or indirectly gaining an advantage for himself, however the sentence was fully suspended and he was released on his own recognisance with a condition to be of good behaviour for two years and a security sum of AUD 10,000.
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Digital Vega Makes Two Senior Hires

Digital Vega hired Simon Lewis as head of interdealer solutions and Romain Camus as head of exotic options.Prior to this role, Lewis spent 20 years at Tullett Prebon, building an exotic options desk from scratch and ultimately being appointed as global head of FX options until leaving the firm in 2016.Camus joins from VTB Group, where he was executive director, head of FX structuring. He previously worked at Goldman Sachs and Deutsche Bank as a structurer. "We are very pleased to welcome Simon and Romain to our growing team. They bring extensive domain knowledge, many years of experience working in our core markets, and valuable contacts that will help to fuel our development,"
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Dennis Exits SG

Maxine Dennis has left her position as senior FX trader at Societe Generale/Newedge. She had been at the firm for more than five years, having joined from a short spell with Alpari (UK). Dennis has spent more than 30 years in FX trading, prior to Alpari she took a career break after spending four years at Citi in London on the FX spot desk trading EUR/USD, Cable and USD/JPY. Prior to Citi she was at UBS in London for nine years, most latterly as a director trading G10 currrencies. She joined UBS from a five year trading career at Fuji Bank.
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Alpine Macro Hires New Strategist

Alpine Macro, an independent investment strategy research firm, has hired Harvinder Kalirai as a partner and chief fixed income and currency strategist.In this role, Kalirai will head Alpine Macro’s fixed income and currency research, and will spearhead its next product on fixed income and currencies, due to be launched later this year.Kalirai most recently worked with BCA Research, where he oversaw the firm’s FX strategy service from 2008 to 2016, and the BCA Daily Insights service from 2016 to 2018. Prior to BCA, he was head of currency management at CIBC Global Asset Management.
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Barclays Adds Further to FX Business

Profit & Loss understands that Colin Devereux has joined Barclays in London as a director and senior spot FX trader. Devereux joins from a spell at Nomura in New York, prior to which he was at Bank of America Merrill Lynch as chief dealer G10 spot FX. Before BAML Devereux was a director on the FX desk at BNP Paribas in London, having joined that bank from a six year stint at Citi in London. He has also worked at Brown Brothers Harriman and UBS on those institutions’ FX desks. The hire continues a build out of Barclays’ FX business that started with the hire of Fabio Mudar as global head of FX trading and distribution in mid-2018. This week also saw the bank announce the appointment of Pritpal Gill as head of FX cash and options trading for Asia Pacific.
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Gill Named FX Head for Barclays in AP

Barclays has announced the appointment of Pritpal Gill as head of G10 foreign exchange and FX options trading for Asia Pacific. Based in Singapore, he will be responsible for developing and driving the G10 FX Trading strategy in the region, the bank says. Gill has over 25 years of FX experience, mostly with Citi, from where he joins. He started his career at Citibank in London trading vanilla and exotic FX options, before moving eight years later to Lehman Brothers as global head of FX options trading. He then returned to Citi as head of FX trading for Asia, based in Singapore.
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Fyda Swaps BBH for Northern Trust

Paul Fyda has joined Northern Trust as head of local markets in its foreign exchange business. Based in New York, he will work with Northern Trust’s FX desks in the Americas, Europe, Middle East and Asia-Pacific regions and is available to firm’s institutional investor clients across the globe to provide support and guidance in operationally complex and highly regulated emerging markets. “We are pleased to add a leader with Paul’s breadth of experience to our global FX business, says John Turney, head of global foreign exchange at Northern Trust.
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Akant Set to Retire From BNP Paribas AM

Adnan Akant has announced his retirement from BNP Paribas Asset Management (BNPP AM), where he was head of currencies, based in New York.In this role he was responsible for currency alpha and overlay portfolios, as well as the currency portion of global/international portfolios. Akant had been with the firm for 35 years, having originally been with Fischer Francis Trees & Watts (FFTW), a predecessor of BNPP AM. Prior to joining FFTW in 1984, Akant managed the World Bank’s liquidity portfolio and advised the treasurer on the bank’s multi-currency borrowing program. He holds a PhD in Systems Science, an MS in Finance, as well as BS and MS degrees in Electrical Engineering and Computer Science from MIT. He is also a member of the New York Academy of Science and Sigma Xi, the Scientific Research Society.
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