ADS Securities has continued to onboard a list of key executives into its institutional line of business. After the establishment of a solid footing in London, the company is bringing in another foreign exchange sales veteran to its team.
Remo Fritschi will be joining as Sales Manager of the Institutional Sales team at ADS Securities after a long tenure at Morgan Stanley as an Executive Director of FX Sales. After last year when the firm brought in Marco Baggioli from BNP Paribas as Chief Operating Officer, the firm is now hiring another veteran from the banking industry to complement the institutional sales desk headed by Al Crane.
Fritschi’s tenure at Morgan Stanley was preceded by a long career in FX sales, starting from State Street in 2000. He also worked in FX options sales at RBS between 2002 and 2009, when he joined Standard Chartered.
In his latest position at Morgan Stanley, Fritschi was Head of the FX Flow Desk for EMEA, which included the major banks business and the flow business encompassing equity prime broker accounts, private wealth management, small high frequency and real money shops, as well as the electronic-only business.
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2016 is going to be about accessing credit and liquidity along with being able to deliver competitive pricing
Commenting to Finance Magnates, the new Sales Manager of Institutional Sales of ADS Securities Remo Fritschi said: “For Institutional FX clients, 2016 is going to be about accessing credit and liquidity along with being able to deliver competitive pricing. ADS Securities has invested heavily in its technology and products, and has the balance sheet to be able to provide services the market needs. I believe that I have joined them at the right time and look forward to helping grow their market share.”
Morgan Stanley hired Fritschi from Standard Chartered after previously bringing in his ex-boss Oliver Jerome. After Jerome parted ways with Morgan Stanley late last year, he co-founded a software company with another one of his former colleagues at the bank, Pete Eggleston.
The company’s name BestX is revealing of the duo’s work being directed towards on delivering new trading technology to fixed income traders aiming to adhere to best execution trading practices.