Trading Places: Executive Moves of The Week

Monday, April 11

Hussein Al Sayed, FXTM

FXTM secured Hussein Al Sayed this week, who joined the group as its newest Chief Market Strategist for the Gulf and Middle East region. Mr. Al Sayed is one of the more visible figures in the world of finance in the Middle East, namely in regard to his experience as a financial analyst and host of CNBC Arabia’s Bursat Al Alam Show. In his new role as the Chief Market Strategist at FXTM, he will help expand the broker’s global focus and brand within both the Middle East and North Africa (MENA) and GCC regions.

Remo Fritschi, ADS Securities

ADS Securities reinforced its business in London by adding foreign exchange (FX) sales veteran Remo Fritschi as its Sales Manager of the Institutional Sales team. Mr. Fritschi landed at ADS Securities following a stint at Morgan Stanley as an Executive Director of FX Sales. Fritschi’s tenure at Morgan Stanley was preceded by a long career in FX sales, including State Street, RBS, and Standard Chartered, dating back to 2000.

Eleanor Yuen, Julius Baer

Eleanor Yuen was appointed this week as the Head Wealth & Tax Planning Advisory at global investment bank Julius Baer, boasting upwards of two decades in the financial services industry. Yuen has also held senior roles at Credit Suisse for over eleven years, holding additional roles in trust administration and marketing at Citibank, Schroder Investment Management, and HSBC International Trustee Ltd.

Tuesday, April 12

Naren Patel, SmartStream Technologies

Earlier this week, SmartStream Technologies brought in Naren Patel as the Head of its Strategic Account Management for its London-based Corona Business Unit (CBU). Patel was chosen to focus on all channels of the CBU’s business development and strategic account management across the United Kingdom and most of continental Europe. Previously he held senior level positions at leading venues such as Markit, Broadridge, Fiserv, and SWIFT.

Arman Tahmassebi, ETX Capital

ETX Capital appointed a new Chief Operating Officer (COO), tapping ex-London Capital Group COO Arman Tahmassebi as its man. He stepped into the role this week after garnering roles across a number of FX brokerages, including at LCG, and IG Markets as Global Head of Operations.

Nick Hamilton, FastMatch

Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term), FastMatch, hired Nick Hamilton this week as its newest Director of Sales for its European operations. Mr. Hamilton will be based out of London, after joining the group from Citi, following a nearly four-year tenure with the lender. He worked as its Vice President (VP) of eFX Sales, focusing on UK hedge funds, as well as macro hedges, CTAs, and Systematic Funds.

Wednesday, April 13

Saro Jahani, ITG

ITG has appointed Saro Jahani as its Managing Director and Head of Global Technology Architecture, fresh off multiple stints as Chief Information Officer (CIO) at True Ex and Direct Edge. He will help foster the implementation of ITG’s Atlas-based trading tools, which also includes the development of its Atlas Service Oriented Architecture.

Guy Hopkins, MahiFX

MahiFX looked to beef up its sales squad, adding the former Morgan Stanley Head of e-FX Europe Guy Hopkins to head the company’s sales of its MFX Vector platform. Hopkins will also be involved in the development and the management of the product to ensure that it meets the needs of clients.

Jacob Loveless, Lucera

Lucera’s CEO Jacob Loveless relinquished his role with the company and parted ways with the group this week to found his own consultancy firm. Lucera’s existing Chief Technology Officer (CTO) Peter Durkan stepped into the role of CEO for Lucera in his stead. The new consultancy will focus on large scale telecommunications (telecom) companies with emphasis on data center, IaaS, SDN and NFV design and operation.

Friday, April 16th

ISDA Hires 3 New Directors, Re-Elects 7

The International Swaps and Derivatives Association, Inc. (ISDA) last week ISDA elected three new directors to its board. The new hires are John Feeney, the Head of Pricing and Conduct Coordination at National Australia Bank (NAB), Benjamin Jacquard, Global Head of Credit at BNP Paribas, and Hideo Kitano, Managing Director, Head of Credit Trading Department at Nomura Securities Co., Ltd.

In addition to the new additions, seven existing directors had their positions renewed.

Jorgen Nordin, fastacash

The Singapore-based Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term firm specializing in domestic and cross-border value transfer capabilities through social media, which recently closed $15 million in funding, last week took on Jorgen Nordin as its new Chief Innovation Officer.

Jorgen Nordin has over 30 years of experience in the field. Immediately prior to his new role, he was the product head at American wearables company Jawbone which itself has backing from venture capital firms such as Sequoia Capital and Andreessen Horowitz.

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