Société Générale Onboards Tom Gillie to Bolster FX Team

French bank Société Générale has just appointed Tom Gillie as Head of FX Options and FX Spot Trading. He will be based out of London and joins the company at a time of extended expansion of the French bank’s foreign exchange team.

Gillie joins after Société Générale has already hired several key sales and trading staff recently. Back in August, the French bank got Ben Rosswick and Julio Castro Zuazo from Bank of America Merrill Lynch.

The Global Head of Institutional Sales at SocGen, Marc Zaffran, has been actively expanding his team to reignite growth in the unit at a time when foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term has been on the rise. With the inauguration of the new U.S. President Donald Trump on Friday, the FX markets are likely to continue on a more volatile note when compared to last year.

Tom Gillie has vast experience in the foreign exchange industry. Throughout his career in the financial services industry, he spent almost 10 years at Credit Suisse as Head of FX Options Trading in Tokyo and Singapore.

Gillie also served as a Non-Executive Director at CLS Group between 2012 and 2016. Most recently he’s been the Global Head of FX Trading and Head of EMEA Equity Trading at Bank of America in New York, Hong Kong and London.