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On the Move

Odunsi Joins Citi in New York

Ade Odunsi has joined Citi as head of its US FX client solutions group in New York. 

Odunsi joins the bank from Treesdale Partners, where he was a portfolio manager for over three years.

Prior to that, he was at Barclays between 2007 and 2011, where he held positions as the head of corporate FX sales and head of FX structuring.

Before Barclays, Odunsi worked in a number of jobs in Merrill Lynch’s FX department prior to its merger with Bank of America.

He has also worked as an FX exotic options trader for JP Morgan and RBC.

Pennell Joins Nomura

David Pennell has joined Nomura in London as an executive director and emerging markets options trader, reporting to Nigel Khakoo, managing director and global head of FX trading.

Pennell joined Nomura at the end of January following a break from the markets after leaving Canadian Imperial Bank of Commerce (CIBC) in July last year. Before CIBC, he spent 10 years as a CEEMEA FX options trader at JP Morgan and another 10 years at RBC Capital Markets with a focus on G10 options trading.

Lloyds Hires Barton for FX

Lloyds Bank Commercial Banking has appointed Lucy Barton as a director in its wealth and foreign exchange team in London. She reports to David Bee, head of FX for financial institutions and head of wealth management.

Barton re-joins the bank from Investec, where she was responsible for private client FX sales. She began her career at Lloyds Bank when she joined the graduate scheme in 2009.

Sadler Retires as CFO of BGC

Graham Sadler, chief financial officer of BGC Partners, will be retiring but plans to remain at the brokerage full-time until a successor is found.

London-based, he joined BGC and Cantor Fitzgerald in December 2008 and served as CFO for Europe and Asia. In April 2009 he was promoted as global CFO. Prior to which he served as chief operating officer Europe with Bear Stearns for 11 years.

BGC says it will begin conducting a search for a successor immediately.

Dutta Joins Crédit Agricole in Hong Kong

Kaushik Dutta, former Asia head of FX options for Société Générale (SocGen), has joined Crédit Agricole CIB as an FX options trader.

Based in Hong Kong, he joined at the start of the month and reports to Richard Bailey, global head of non-linear FX.

Dutta left SocGen in June, having served the bank for four years. He was responsible for the emerging market and G-10 options business in the region.

Prior to this, he held the role of FX options head for Asia with Bank of America for nearly two years, based in Singapore.

He was also held a similar position with Lehman Brothers in Tokyo before departing in 2006.

Crédit Agricole confirmed his appointment.

Wong Appointed as Head of SGX’s China Business

Singapore Exchange (SGX) has promoted Lawrence Wong, head of listings, as the head of its China business. Wong will relocate to China and be responsible for all of SGX’s China businesses, as part of the company’s expansion of its international presence.

SGX plans to open branches in Shanghai and Beijing, in addition to its current representative office in Beijing.

Prior to joining SGX in April 2006, Wong was general manager of Schroders’ joint venture for Greater China based in Shanghai from 1997. He was also involved in OCBC Bank’s China business during his tenure as one of the bank’s senior management team.

He currently represents SGX as a member in seven collaboration councils set up by Singapore with Guangdong, Jiangsu, Liaoning, Shandong, Sichuan, Tianjin and Zhejiang to promote bilateral economic, business, trade and investment activities.

SG CIB Adds Two to Boosts Research Capabilities for Asia-Pacific

Societe Generale Corporate & Investment Banking (SG CIB) has made two appointments in its cross-asset research team in Asia-Pacific.

In Hong Kong, Frances Cheung joins SG CIB as head of rates strategy for Asia ex-Japan. She reports to both Vincent Chaigneau, global head of rates and FX strategy, and Klaus Baader, head of research for Asia and chief Asia-Pacific economist. She works closely with Benoit Anne, head of emerging markets strategy, and Jason Daw, head of Asian FX strategy.

Previously, Cheung was head of Asian rates strategy at Credit Agricole CIB. Prior to that she has worked at Standard Chartered Bank, Primasia Securities (Asia) and HKSAR Government.

In Singapore, Imtiaz Shefuddin joins SG CIB as senior Asia credit strategist. His research covers dollar-denominated high yield and investment grade bond markets across Greater China, Korea, South East Asia and India. He will report locally to Pascal Lambert, group country head, Singapore, and head of SG CIB, South East Asia; and regionally to Baader.

Shefuddin joins most recently from CIMB, having also spent a good part of his career at Credit Suisse, BNP Paribas, Barclays, Standard Chartered Bank and the Royal Bank of Scotland.

Brokerage Firm Coquest Hires Eagye

Coquest, one of the largest introducing brokers in the US derivatives markets, has appointed Maxwell Eagye as managing director, responsible for developing the firm’s managed futures and brokerage businesses.

Eagye’s responsibilities will include a leading role in providing commodity-futures consulting services by Coquest to Altegris Clearing Solutions (ACS), pursuant to its recent engagement of Coquest to provide commodity-futures consulting and support services.

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