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On the Move

The latest moves at SEB, CME, Citi and more…

Crane to Join SE Banken

Al Crane is joining SE Banken’s global e-FX sales team this week. He is based in London and takes over from Noel Singh who has been promoted to head of FX prime brokerage, global eFX at SEB.

Crane was previously head of advanced channel solutions, Europe and Americas at Standard Chartered Bank.

CME Taps Citadel Man for Co-Location Role

CME Group has appointed Craig Mohan to spearhead a new co-location and data centre push targeting the high frequency trading industry. In a newly-created position, Mohan will be responsible for the strategic development, management and overall execution of CME’s co-location and data centre hosting business, including sales, product development and client services.

He will also manage the construction of a new proprietary data centre in suburban Chicago that will be pitched to algorithmic trading firms. The centre will house all trade matching engines for all products traded on CME Globex. Mohan reports to Julie Holzrichter, managing director, global operations.

Mohan was previously with Citadel Investment Group, where he was director, global infrastructure responsible for managing the company’s networking, technical architecture and global operations. He had direct oversight over Citadel’s data centre and co-location facilities.

“As we prepare to launch our co-location services in early 2012, [Mohan] will play a key role in helping our customers realise more efficient operating costs than traditional co-location facilities, while maximising reliability and availability,” says Holzrichter.

FXPro Makes Two Hires

Retail FX broker FXPro has appointed Michael Derks as chief strategist and Simon Smith as chief economist.

Derks joins with over 27 years’ experience as a multi-discipline investment and market strategist and economist. He has previously worked as chief investment strategist and chief economist at Arch Group, an investment management boutique, and as global head of fixed income and FX strategy at Commonwealth Bank of Australia in London. He has also held senior market strategist and economist roles at Nomura International and at Deutsche Bank.

Smith joins from Thomson Reuters where he was responsible for building a cross-market analysis capability for new product development. He has over 17 years’ experience as an economist and global financial market strategist. He was previously chief economist and strategist at Weavering Capital, head of fixed income at 4Cast, and at MMS International he was the managing analyst for European fixed income.

Citi Hires Middle East Economist

Citi has appointed Farouk Soussa as chief economist for the Middle East. He joins from Standard and Poor’s where he was head of Middle East sovereign ratings. Before joining Standard and Poor’s, Soussa was a senior economist at the Bank of England where he specialised in international finance and financial regulation.

David Lubin, head of emerging market economics for Citi Investment Research and Analysis says, “Farouk’s arrival will further enhance the quality and reach of our global economics coverage. Both our firm and our customers will benefit from their access to Farouk’s depth of knowledge about Middle Eastern economics.”

Farouk will be based in Dubai where he will lead the economics research unit and report to Lubin.

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