The US Commodity Futures Trading Commission (CFTC) has issued six banks with regulatory orders over reporting failures. The six banks; Bank of New York Mellon, HSBC, Natwest Markets, Northern Trust, PNC Bank and Societe Generale were collectively fined more than $6 million over the failures – Northern Trust and SocGen were also charged with failure […]
Tag: BNY Mellon
Ask three different people in the FX market what liquidity conditions are like today and you might get three very different answers. For example, one person might argue that there is less liquidity in the market today as regulations have seriously hampered both the ability and willingness of many banks to hold significant risk. On […]
BNY Mellon has appointed Daniel Tenengauzer as head of markets strategy and insights and leader of its Aerial View market commentary platform. He will also act as a media spokesperson for BNY Mellon on global macroeconomic and geopolitical issues, succeeding current strategy chief, Simon Derrick, who is retiring at the end of October. Tenengauzer started […]
New York-based Jason Vitale has been promoted to global head of FX at BNY Mellon, a spokesperson confirms. Vitale most recently served as the bank’s COO of FX markets and global head of client execution services. Vitale joined BNY in March 2017 from Deutsche Bank, where he’d spent 15 years, last as co-head of listed […]
John Arabadjis, head of markets macro strategy product and analytics at BNY Mellon, talks to Profit & Loss about the challenges associated with mining different data sources to produce new insights for investors. Profit & Loss: You were recently hired by BNY Mellon in the newly created role of head of markets macro strategy product […]
John Arabadjis has joined BNY Mellon as head of markets macro strategy product and analytics. In this newly-created position, Arabadjis is set to spearhead a wide-ranging overhaul of BNY Mellon’s macro strategy products and oversee the firm’s analytics team. Prior to this, Arabadjis spent 13 years at State Street, where he worked in collaboration with […]
BNY Mellon has incorporated AcadiaSoft’s initial margin (IM) risk suite of tools for margin calculation, reconciliation and messaging into its collateral service offering. In conjunction with BNY Mellon’s existing bilateral margin capabilities from post-trade and settlement through to collateral segregation and ongoing position monitoring, the aim of this is to enable buy side clients trading […]
Bob Savage has joined BNY Mellon as head of FX sales for the Americas. Based in New York, he will report into Harry Moumdjian, global head of FX sales at the bank. “My focus in this role will be on expanding upon a good, solid base to provide more empathy, client focus and add a […]
Profit & Loss understands that BNY Mellon has strengthened its Asia Pacific FX business with the hire of Charl de Vleeschauwer from Citi Sydney.
De Vleeschauwer will be relocating to Singapore to take up a management position in the e-FX business of BNYM, sources familiar with the matter say, and will report to Darren Boulos, head of FX trading and sales for Asia-Pacific – Boulos himself joined BNYM in June 2017 from Deutsche Bank in Sydney.
De Vleeschauwer has been with Citi for two years as a senior FX spot trader, having joined the bank after a spell with Macquarie Bank in London where he ran the bank’s FX trading business in Europe. Prior to that he worked for six years at Deutsche Bank in Sydney, having joined the organisation from First Rand in Johannesburg.
BNY Mellon has hired Joseph Cafe as VP, e-FX sales, in New York.Profit & Loss understands that he will start his new role in May and will report into James Taylor, global head of e-FX sales, who is based in London.Cafe arrives at BNY Mellon from BNP Paribas, where he was a VP in the global markets business. Prior joining the French bank in 2015, he was a VP at Deutsche Bank for just under two years and spent four years as an FX sales manager at American Express.