Baggioli Exits BNP Paribas
Marco Baggioli, global head of FX prime brokerage at BNP Paribas, is leaving the bank.
He is moving to ADS Securities London to take up the role of chief operating officer. Effective 1 July, he will report to ADS London's managing director, James Watson.
The firm, which provides a range of institutional and private client trading, was launched just six months ago and has the same parent company as Abu Dhabi-based ADS Securities.
Baggioli has over 23 years of experience in the industry. Prior to joining BNP Paribas when it launched its FXPB business in March 2010, he was head of FXPB sales for Europe and Asia-Pacific at Deutsche Bank. Baggioli has also held a number of senior institutional sales roles at Merrill Lynch and JP Morgan, where he acted as head of fixed income PB EMEA.
He also acted as COO of MonteTitoli, the Italian central securities depositary, which he led through its privatisation from the Bank of Italy in 2000.
McGowan Joins JP Morgan from Citi
Kevin McGowan has joined JP Morgan in its New York office as executive director, head of FX product management for the Americas.
Although a spokesperson for the bank declined to comment on the move, Profit & Loss understands that McGowan joined the US bank earlier this month.
Prior to working at JP Morgan, McGowan was director, regional head of securities fund services FX product management for the Americas at Citi.
Before joining Citi in 2010, McGowan was senior account manager and head of liquidity management for the Americas at FXMarketSpace for two years.
His career has also included spells working for Thomson Reuters, Merrill Lynch, EBS and ABN Amro Bank.
Podsiadly Swaps Barclays for Commonwealth Bank
Matthew Podsiadly has joined the Commonwealth Bank of Australia as an FX trader in New York.
Podsiadly arrives at the bank after more than three years working as an FX trader at Barclays, where he traded spot FX, NDF, FX options, FX swaps and STIR futures products.
Poposky to Head FX Sales for Lloyds in US
Lloyds Banks has hired Garry Popofsky as its US head of FX sales in New York.
Popofsky joins in this new role to lead the New York based FX sales team as part of Lloyds Banks' continued efforts to increase the capabilities for it US clients. He has over 30 years of experience in FX sales at a variety of financial institutions, including running FX sales at BNP Paribas, RBS, Lehman and Goldman Sachs, having initially begun his FX career at Salomon Brothers. Popofsky joins Lloyds Bank from Popofsky Capital where he was a principal.
“Garry’s appointment will help us to broaden product capabilities for our clients and further integrate our business on a global scale,” says Andy Schaeffer, head of markets in North America at Lloyds Bank. “This is a logical next step in meeting the needs of the increasingly sophisticated client base that we seek to serve. Our ability to attract someone of Garry’s calibre and experience to the North America team demonstrates the capability and reputation we are building in the US. Garry’s arrival will ensure that even more focus can be given to delivering high quality products and service to our clients.”
360T Hires New Head of Institutional Sales for UK and Ireland
360T has appointed Andrew Priest as its head of institutional sales for UK and Ireland.
In his new position Priest will report into Alfred Schorno, managing director of 360T Group.
Priest and his team are in charge of client acquisition across the UK and Ireland with a special focus on real money asset managers, hedge funds and banks, as well as delivering account management service for existing clients in that region.
Prior to joining 360T Priest worked for nearly two decades at Northern Trust in London, most recently as head of FX sales EMEA, responsible for all aspects of the bank's FX distribution across the region.
"This senior hire is to be seen in context with strong investments of 360T in workflow optimisation, features and functionalities over the past two to three years and a row of hires for senior sales specialists in the US, the Asia-Pacific region and other parts of EMEA and significant growth in that segment," Schorno says.