Patel Swaps Citi for HSBC

Profit & Loss understands that Chirag Patel has joined HSBC in London as a managing director in its FX trading business. He joins from Citi where he was most recently head of FX spot trading having taken that role after a sabbatical from his role as head of FX options trading. Patel worked for Citi […]
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FairXchange Nabs Morgan Stanley QSI Head

Execution analytics firm FairXchange has made a statement with the hire of the head of Morgan Stanley’s client-facing quant team, Jian Chen, to be its head of data science. At Morgan Stanley, Chen worked within the bank’s highly-regarded QSI team where he focused on developing data-driven trading analytics, including its real-time TCA offering QSI React. […]
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CLS Appoints CIO

CLS Group has announced the appointment of Thomas Barkhuff as chief information officer. He will report to Chief Executive Officer Marc Bayle de Jessé and serve as a member of the executive management committee and is responsible for the oversight of CLS’ technology and information security strategy and operations, including ensuring the continued delivery of […]
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Ideal Prediction Names CTO

Trading analysis and data science company, Ideal Prediction, has named Walter Bell as chief technology officer. Bell joins Ideal Prediction from Bank of America Merrill Lynch where he led an international team as the global head of rates e-trading quants. Prior to this, he managed technology teams in e-FX development, cross asset trading and global […]
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Levey Named as Libra Association CEO

Former US under-secretary of the Treasury Stuart Levey has been named as the the first CEO of the Facebook-backed Libra Association. He is currently chief legal officer at HSBC, a role he has held since 2012, and will assume the reins of Libra in the summer when he tenure at the bank ends and be […]
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Virtu Appoints Molluso, Fairclough as Co-Presidents

Virtu Financial today announced the appointments of Brett Fairclough and Joseph Molluso as co-presidents and co-chief operating officers. Molluso re-joins Virtu after a brief period away from the company. Fairclough was promoted to COO and global head of business development at Virtu in September 2019. He has been with the firm since 2007, leading the Asia […]
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Dudley Joins Siege FX

Christopher Dudley has joined Siege FX, the institutional peer-to-peer netting service, as product manager. Previously, he was FX product manager for Bloomberg, where his responsibilities included the management of the BFIX FX benchmark. He moved to Bloomberg in 2012 following many years in banking as a senior FX derivatives trader, most latterly at Westpac in London where he […]
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Grushka Joins Capitolis Board

Capitolis has unveiled the appointment of Rony Grushka to its board of directors. he will also serve as an advisor to the executive team on strategic initiatives. Grushka is perhaps best known for his role as a co-founder of Markit Group where he played a significant role in building it into one of the world’s […]
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Eventus Hires Four

Trade surveillance and risk management software provider Eventus Systems has announced the appointment of Perry Barth as chief financial officer (CFO), Dan Burton as vice president of engineering, Nolan Schiff as director of relationship management and Sharad Kumar as sales engineer. Barth and Burton will be based in Austin, Texas, reporting to Eventus CEO Travis Schwab. […]
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Latest Profit & Loss Issue Now Live

The latest issue of Profit & Loss magazine is now live, click here to access it. In this issue we review the single dealer platform industry and discuss the latest innovations and ideas therein, as well as present the 2020 Digital FX Awards in full. FX market conditions are also in the spotlight as we […]
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