P&L Report Card It may have been the circumstances at the time the demonstrations were scheduled, but prime brokerage definitely seemed to have a lower profile this year. Obviously in such an uncertain world, credit strings inevitably tighten and there is a school of thought that the next evolution will actually be a step back, […]
Tag: Natwest Markets
Much of what we want to say about NatWest Markets has been written in the Best Prime Brokerage Award, so here we will focus on one other aspect of the bank’s service – order management. Orders have long been a strong suit of NatWest, including under its former guise of RBS, starting with basic order books […]
The winners of the 2020 Digital FX Awards were unveiled during a Zoom Happy Hour that followed Profit & Loss’ first ever Dial-in Day, which attracted over 500 attendees. For the seventh year in a row, UBS won Best Multi-Asset Class Platform for Neo, the bank also went home with four other Awards. Continuing what […]
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 […]
The FX prime brokerage businesses at JP Morgan and NatWest Markets are now providing access to Spotex’s institutional ECN. The prime brokers join as Spotex is seeking to expand its presence in the institutional FX market segment with the introduction of its new disclosed direct market access (DMA) liquidity pool offering, as well as other […]
NatWest Markets’ Jacintha Love, head of Agile Markets products, and Jeremy Maw, head of UK mid corporate FX sales, talk about the nuances of building e-FX solutions for corporate clients. Profit & Loss: So why have corporate clients been a big focus for you on the e-FX side? Jeremy Maw: Corporates are a huge part […]
This year Profit & Loss decided to update the format and judging categories of our annual Digital FX Awards. The process remains subjective but we have not restricted ourselves to the narrow confines of previous years’ categories. Instead of many of the categories, we have created Awards for Excellence in e-FX, something that we believe […]
Ian Daniels has left his position as director, head of e-FX sales, EMEA, at NatWest Markets.
In this role he had been responsible for the distribution of the NatWest Markets electronic offering to financial institutions and corporates across the EMEA region.
Daniels joined NatWest in in 1998 and held a variety of roles within the bank’s FX business, joining the e-commerce team in 2006.
Profit & Loss understands that Daniel’s departure is a result of a broader restructuring at the bank, his next destination is not known at this point in time.
Marcus Butt, global head of FX prime services and futures at NatWest Markets, talks about how the bank is developing its FX Prime Brokerage offering in response to changing client needs.
Profit & Loss: So what are you doing on the FXPB side of your e-FX platform that you think differentiates your offering right now?
Marcus Butt: What we’re doing on the platform that is unique is really a reflection of what we’re doing in the business. Part of this is that we’ve introduced a number of new prime brokerage models to accommodate the diversification of our client base.
Chris de Sibert has been appointed as a director at NatWest Markets in London.
Profit & Loss understands that de Sibert will be operating in an institutional FX sales role, focusing particularly on French-speaking asset managers and bank ALM desks.
He joins the bank after only a brief, five-month stint with R5FX, where he was global head of business development.
Prior to that, de Sibert spent over eight years at HSBC, where he was a managing director in the bank’s FX and commodities sales division.