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On the Move

Bensassi Departs Credit Suisse

Less than a year after joining Credit Suisse, Lotfi Bensassi has left his position as director and head of emerging market FX options trading for central and Eastern Europe, the Middle East and Africa. Based in London, he reported into Simon Hards, global head of FX trading.

Bensassi joined the Swiss bank from UniCredit, where he was a senior exotic FX options trader for almost 18 months and reported to Peter Jerrome, head of FX options, both based in London. Prior to this, he spent a year as an associate director in the fixed income and currencies team trading emerging markets FX at Macquarie Bank also in London. 

He was previously with Nomura, which he joined in September 2008 as an emerging markets FX trader. Prior to this, he worked at Bear Stearns, Dresdner Kleinwort and the former Credit Agricole Indosuez.

Credit Suisse declined to comment.

Dantone Joins Avadeo Capital

Bob Dantone has joined Avadeo Capital as manager of its FX business development in New York.

Dantone joins the company from FXecosystem, where he was director of FX sales for just over two years.

Prior to that he had held sales roles at Flextrade and GFI Group. Dantone has also worked for OBEX Group, FXCM, Westpac, RBS and Refco.

Romero Departs JP Morgan in Mexico

Gilberto Romero, an executive director and senior foreign exchange trader in Mexico, has left JP Morgan.

Romero, who left the bank last month, had been with JP Morgan for more than 20 years. Before that he spent five years as deputy director head FX trader at HSBC and just under four years as a vice president FX trader at Scotiabank, both roles were also in Mexico.

Crank to Gelber

Jason Crank has joined proprietary trading firm Gelber Group as a trader in New York.

Prior to this new role Crank was a director of G-10 currency trading at Standard Chartered Bank for almost five years.

Before that he spent close to a decade as a senior vice president of G-10 currency trading at RBS and three years as a vice president at NatWest.

Kadlec and Simonetti Join FIA Board

The Futures Industry Association (FIA) has announced the election of two new members to its board of directors.

Tom Kadlec, president of ADM Investor Services, and George Simonetti, managing director and head of markets clearing and futures execution at Wells Fargo securities markets division, are the new personnel appointed to the board.

“I’m pleased to welcome Tom Kadlec and George Simonetti to FIA’s board,” says Walt Lukken, president and CEO of the FIA. “Their addition contributes to the diversity of talent represented on our board, and I’m looking forward to working with them as we continue to expand our service to our industry.”

Conde Joins Calastone as Board Chairman

Calastone, a global funds transaction network, has appointed Cris Conde as chairman of the board, with immediate effect. He will work alongside Julien Hammerson, CEO, to continue the growth trajectory of the business.

Late last year, Conde became a non-executive director and invested in the privately held business.

Conde comes to Calastone from 28 years at SunGard. His career started in 1983, when Conde co-founded a financial technology software business, Devon Systems, serving the derivatives markets. After SunGard acquired the company in 1987, he ran his business as a division of the parent company.

Conde was subsequently promoted to run the entire SunGard business, which he took private in 2005 in an $11.3 billion leveraged buyout (LBO) transaction. He stepped down from SunGard in May 2011.

Conde continues to serve as a senior member of the Partnership for NYC Fund’s Fintech incubator for software companies and is a senior adviser and director of several for-profit and non-profit organisations.

Leadbeater Swaps Marex for Jefferies

Jefferies International has appointed Julian Leadbeater as senior vice president electronic connectivity, futures prime services. He is based in London and reports to Marc Bailey, president of Jefferies Bache.

Jefferies declined to comment when approached by Profit & Loss.

Previously, Leadbeater spent more than seven years at Marex Spectron, which specialises in commodities, financial futures and FX, and most recently was head of global direct market access (DMA) sales.

Prior to that he was head of the European DMA sales desk at MF Global, and before that director of sales and marketing, Easybroker International.

In September, Marex decided to shut down its FX business, citing a reduction in the demand for FX services across the industry.

Farrell Joins R5FX

John Farrell has joined R5FX, a technology firm specialising in emerging currencies, as head of execution with responsibility for bank sales. R5 is developing a new interbank liquidity pool for e-NDFs and emerging markets FX.

Last week Deutsche Börse announced it had acquired a minority stake in R5FX (see related story, this issue).

Previously, Farrell was an advisor to Elysium Technology Group, and before that was global head of sales at Fair Trading Technology. For nearly three years he was global head of sales at FXecosystem, where he worked with the company’s co-founder Jon Vollemaere, now CEO of R5FX.

Farrell has also worked in FX e-sales at Hotspot and was managing director, FX e-sales at Currenex. Prior to this he worked at Deutsche Bank and Bankers Trust in FX trading and sales roles for 14 years.

Dempsey Moves to Stone Milliner…

Darren Dempsey, a former foreign exchange trader at Nomura, has joined Stone Milliner Asset Management in London.

Dempsey joins the firm after spending four years at Nomura, prior to which he worked at Barclays and Lehman Brothers for three years.

…While Tobelem Marks Latest Exit from Nomura

Jérémie Tobelem has departed Nomura, where he has served as head of emerging market FX options for two years.

London-based, he joined the bank from Credit Suisse where he was involved in both structuring and trading across the major EEMEA markets.

Prior to which he spent three years as an EM FX options trader at Deutsche Bank.

Profit & Loss

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