Simon Wilson-Taylor, previously global head of FICC e-Commerce at UBS, has joined the board of directors of World Currency USA, a wholesaler of foreign exchange services for community banks. Wilson-Taylor spent two years at UBS in Stamford, CT, where he was responsible for all aspects of electronic delivery of FX services. He left UBS in the summer (P&L’s Squawkbox, 11 July) and is currently an independent advisor and consultant.
Before joining UBS, Wilson-Taylor was executive vice president and global head of State Street’s Global Link business, which he helped to found during his 16 years with the firm. He also led the creation of multibank FX platform, FXConnect, and oversaw State Street’s acquisitions of Currenex, SSI Search Limited and WM/Reuters. He left State Street Global Markets in January 2009 to found Molten Markets, an online trading platform.
Wilson-Taylor began his career at CIBC in 1975 and moved on to Record Currency Management where he was responsible for business development. In the mid-1980s he became head of currency management at HSBC.
Michael Ruccolo, chairman and chief executive officer of World Currency, says, “Simon’s presence on the board will be an asset in expanding World Currency’s business model to become a premier wholesaler of foreign exchange services for community banks.”