Dukascopy CRO Laurent Bellieres Leaves for Hinduja Bank

Laurent Bellieres, the chief risk officer at Dukascopy, has left the Swiss multi-asset brokerage after almost 12 years of his service.

He has taken a new role as the chief financial officer and head of risk at Hinduja Bank (Switzerland). He has joined the Geneva-headquartered bank earlier this month, his LinkedIn profile shows.

Bellieres is leaving Dukascopy after a long tenure in multiple leadership roles. His latest position was as its chief risk officer and he was overseeing multiple tasks including the broker’s compliance, risk control function, high-risk client on-boarding, and even act as its correspondence with regulators.

He was also the chief financial officer, along with his role as chief risk officer, of the Swiss brokerage firm for many years.

Apart from the compliance and financial roles, he also served as Dukascopy’s chief operations officer for a year and led its international expansion into the Asian markets.

Bellieres joined the Swiss broker in 2008 as a consultant and was advising the top management on banking licenses before taking over the leadership roles.

A financial veteran with decades of experience

He is an expert in the financial industry and spent the last 24 years in various companies.

Prior to joining Dukascopy, he was the head of internal audit at Kredietbank (Suisse) SA where he was responsible for “risk analysis, planning, and 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 of the internal audits.”

According to his LinkedIn profile, he started his career at DIGICALL SA and later moved to Ernst & Young and KPMG, two of the big-four audit giants.

His certification on audit and banking regulations from Chambre Fiduciaire Suisse and an MBA degree also explains his expertise in the financial industry.

Meanwhile, last month Dukascopy followed its peers to post record figures for the first half of 2020 due to the COVID-19-induced market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term.