The Australian & New Zealand Banking Group (ANZ) has appointed Mayank Navalakha as Global Head of FX and PM Options. The company has on-boarded its newest addition to the team from the Singapore based desk of Barclays, where he was Head of the FX Options Asia desk.
After a ten year tenure at Barclays, the move for Navalakha does not mean a relocation – he will remain in Singapore, based in ANZ’s office.
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ANZ first established a representative office in Singapore over 40 years ago, however in 2010 the group was awarded a Qualifying Full Bank license from the Monetary Authority of Singapore. Currently ANZ Singapore employs some 2,200 people, across a number of retail branches and with over 400,000 customers across all business segments.
The company offers a range of solutions for institutional, corporate, retail, wealth and private banking. With the prominence of Australia and New Zealand as business destinations in the region, the firm has managed to establish itself as one of the top tier banks.
Being a regional powerhouse, ANZ has been one of the key market makers in the Australian dollar and the New Zealand dollar pairs throughout the years. With the development of more locations abroad, the spectrum of the market making business of the bank has widened significantly.