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Penson Appoints in FX

Clearing and execution services provider Penson Worldwide has appointed a senior vice president and global head of foreign exchange.

David Faller has joined the firm and will be responsible for its retail and institutional FX offerings. He reports to Simon Raphael, senior vice president and head of strategic development.

“[Faller] is well respected in the industry and brings with him a wealth of FX experience and an impressive track record'” says Daniel Son, president of Penson Worldwide. “We are confident that his extensive knowledge will enable us to expand our FX products and better service our clients with their FX needs.”
Formerly, Faller served as the managing director and global head of FX options trading and sales with the Bank of Montreal in North America.

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