Jay Moore has left his role as senior vice president and global head of currency administration at Brown Brothers Harriman (BBH).Moore joined BBH in 2012 to lead the product development efforts for FX, before subsequently transitioning to build and run the currency administration business for the firm.Prior to joining BBH, he was the global head of the currency management and portfolio solutions strategy teams for State Street Global Markets, where he worked between 1997 and 2012. In his roles, Moore was responsible for all functions related to the business including, product development and innovation, management, research, agency trading, technology, portfolio management, operations and sales.
Paul Fyda has joined Northern Trust as head of local markets in its foreign exchange business.
Based in New York, he will work with Northern Trust’s FX desks in the Americas, Europe, Middle East and Asia-Pacific regions and is available to firm’s institutional investor clients across the globe to provide support and guidance in operationally complex and highly regulated emerging markets.
“We are pleased to add a leader with Paul’s breadth of experience to our global FX business, says John Turney, head of global foreign exchange at Northern Trust.
Marc Chandler has left his position as global head of currency strategy at Brown Brothers Harriman (BBH) to join Bannonckburn Global Forex as managing partner and chief market strategist.
Founded in 2009, Bannockburn is a capital markets trading firm specialising in foreign currency advisory, hedge analytics, and transaction processing for closely held enterprises.
Based in New York, Chandler had been with BBH since 2005. Before that, he spent over three years as chief currency strategist at HSBC and over two tears in the same role at Mellon Bank.
CLS has announced today that the first Japanese-domiciled funds have access to CLSSettlement as third-party clients.
Asset manager Fidelity International and The Master Trust Bank of Japan (MTBJ), a trust bank exclusively engaged in asset management, have the first Japanese-domiciled funds to settle FX transactions in CLSSettlement. CLS says that this marks the start of a coordinated industry-wide effort to onboard the Japanese buy-side community to its settlement service over the next few years.
Fidelity International and MTBJ are being supported by Brown Brothers Harriman (BBH), which acts as MTBJ’s custodian for non-Japanese securities and related currency movements outside of Japan. BBH has made its third-party access to CLSSettlement available to facilitate MTBJ’s settlement of FX transactions.