BCS Taps Andrew Richards to Head UK Prime Brokerage Sales

Russian broker-dealer BCS Global Markets (BCS) has appointed Andrew Richards as their newest Director of its Prime Brokerage Sales team in the UK, according to a BCS statement.

In his new role as Director at BCS Global Markets, Mr. Richards will focus on working with high-frequency traders and proprietary trading firms with a penchant for arbitrage and hedge funds across the UK, Europe, and the US.

His mandates also include selling the firm’s flagship prime services offering, primarily Synthetic/Physical Prime & Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term. The synthetic prime platform can be used by institutions of all sizes including hedge funds which have been viewed as too small to work with by other prime brokerages.

Furthermore, he will be based in London, where he will be reporting to Tim Bevan, CEO of BCS UK. Andrew joins BCS from ING BANK, having served as a director of origination global security finance and synthetic prime brokerage. Additional stops include working as a prime brokerage relationship manager at Bank of America Merrill Lynch in London.

BCS offers simplified access to Russian markets

BCS Global Markets, which is a division of Russia’s BCS Financial Group and a key broker on the Moscow 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, said in a statement that the new appointments come within a wider context of the strategic restructuring intended to strengthen the firm’s expansion and development plans in Europe and North America.

Announcing the appointment, Tim Bevan, Global Head of Prime BCS Global Markets and CEO BCS UK, said: “We are delighted to welcome Andrew in our team in London. We believe he will make a significant contribution to BCS Global Markets. His breadth of experience in selling international prime services and developing client relationships to the hedge fund community will be instrumental in our global expansion. Tim Bevan, Global Head of Prime BCS Global Markets and CEO BCS UK, commented: “We are delighted to welcome Andrew in our team in London. We believe he will make a significant contribution to BCS Global Markets. His breadth of experience in selling international prime services and developing client relationships to the hedge fund community will be instrumental in our global expansion.