Multiple sources tell Profit & Loss that Andrew Brown, global head of FX at Santander, is leaving the firm. Brown joined Santander in May 2018 after a six year spell at Spanish rival BBVA where he oversaw what sources familiar with the matter refer to as an “outperformance” of the FX business and he seems […]
Tag: Andrew Brown
Profit & Loss understands from market sources that Andrew Brown, formerly global head of FX at HSBC and BBVA, is to join Santander in the same role.
Santander has not responded to requests for comment, but the hire is being seen in some quarters as a statement of intent by the bank as it seeks to boost the effectiveness and profile of its FX business. Brown headed Spanish rival BBVA’s FX business for six years and oversaw an outperformance by the bank’s FX business.
Profit & Loss understands that Andrew Brown, global head of foreign exchange, and Alan “Shoulders” Clarke, global FX product manager, are to leave Spanish bank BBVA at the end of the year.
The departures are part of a plan recommended by the two men to move the global FX roles back to the Madrid head office, according to sources familiar with the matter. As part of this change, both will leave.
BBVA did not respond to enquiries by press time but is believed to have agreed to the departure of two men who have overseen solid growth in its foreign exchange business.