The promotion comes after less than three years with the bank
The Singapore office of French investment bank BNP Paribas has just announced the promotion of Gaurav Tholia to Head of Institutional FX Sales. The news comes a bit over a year after Tholia was promoted to Head of FX Flow & Structured Sales.
Tholia has been working at the APAC office of BNP Paribas for a bit under three years. His career at the company started back in August 2016 when he started as Head of FX Flow Sales for Asia Pacific.
Over the years, Gaurav has been working at several major investment banks, including Standard Chartered, JP Morgan, Barclays, and ANZ. His promotion comes amid a challenging period of low FX Volatility across the board.
Major investment banks have been reporting much lower trading volumes and profits in the first quarter of this year, as the markets have been stuck in low gear. EUR/USD volatility is close to all-time lows, as uncertainty about future policy action on the part of major central banks has cornered the market into a heavy trading range.
Challenging Market Across Asset Classes
While the FX market is stagnating, other asset classes havenβt provided enough breathing room for major banks. Trading is subdued, while investors await more outcomes from political developments across the globe.
The present high probability for the Fed to continue its pause in rate hikes is also underpinning a positive sentiment for Equities, but political uncertainty globally remains high and is keeping investors on the sidelines.
Earlier today, Goldman Sachs reported that its net income declined by a fifth, resulting in a 20 percent cut in salaries at the investment bank. Fixed income, currencies, and commodities (FICC) revenues were lower by 11 percent when compared to a year ago.
Despite the challenging time from a volatility standpoint, historically such periods are typically followed by a more lucrative market. While the present low volatility environment is clearly impacting earnings of banks and brokers, revenues should rebound back to normal as the cycle turns.
The Singapore office of French investment bank BNP Paribas has just announced the promotion of Gaurav Tholia to Head of Institutional FX Sales. The news comes a bit over a year after Tholia was promoted to Head of FX Flow & Structured Sales.
Tholia has been working at the APAC office of BNP Paribas for a bit under three years. His career at the company started back in August 2016 when he started as Head of FX Flow Sales for Asia Pacific.
Over the years, Gaurav has been working at several major investment banks, including Standard Chartered, JP Morgan, Barclays, and ANZ. His promotion comes amid a challenging period of low FX Volatility across the board.
Major investment banks have been reporting much lower trading volumes and profits in the first quarter of this year, as the markets have been stuck in low gear. EUR/USD volatility is close to all-time lows, as uncertainty about future policy action on the part of major central banks has cornered the market into a heavy trading range.
Challenging Market Across Asset Classes
While the FX market is stagnating, other asset classes havenβt provided enough breathing room for major banks. Trading is subdued, while investors await more outcomes from political developments across the globe.
The present high probability for the Fed to continue its pause in rate hikes is also underpinning a positive sentiment for Equities, but political uncertainty globally remains high and is keeping investors on the sidelines.
Earlier today, Goldman Sachs reported that its net income declined by a fifth, resulting in a 20 percent cut in salaries at the investment bank. Fixed income, currencies, and commodities (FICC) revenues were lower by 11 percent when compared to a year ago.
Despite the challenging time from a volatility standpoint, historically such periods are typically followed by a more lucrative market. While the present low volatility environment is clearly impacting earnings of banks and brokers, revenues should rebound back to normal as the cycle turns.
MarketAxess Appoints Dan Burke as the Global Head of Emerging Markets
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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