Dominic Sood joined JP Drax Honoré as a director and senior salesperson in the FX team, Finance Magnates has learned.
According to market sources, Sood will be based in London and report to Ben Shooter, global head of FX at the firm, which was established in 2004 by bond traders Jonathan Glassberg and Benn Shepherd.
Shooter worked in FX sales at Lehman Brothers and was global head of currency and emerging market sales at Credit Suisse, before moving to JP Drax Honoré in 2012.
Citi, Deutsche Bank and RBC
Prior to joining JP Drax, Sood was a director on the FX investor sales desk at Citi in London for almost five years.
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Earlier, he worked on the hedge fund sales desk for Deutsche Bank for more than two years.
His career began as a consultant at PwC in 2005. In 2008, Sood moved to Royal Bank of Canada (RBC), where he served in global macro FX sales.
JP Drax Honoré
JP Drax Honoré is an executing broker, which generates trade ideas, sources prices and provides trade anonymity as well as voice and electronic trade execution.
The firm has offices in London, New York, Chicago and Singapore.
“We act solely as brokers and take no proprietary risk. As such, our price discovery and liquidity sourcing are free from conflict of interest. The firm is privately owned by its employees, with Macquarie Bank as a minority external shareholder”, JP Drax Honoré stated on its company profile.