Gian Luca Fetta, the former Global Head of Foreign Exchange (FX) at Societe Generale SA, has landed at Santander in a similar role as in London, Finance Magnates learned.
Mr. Luca Fetta parted ways with Societe Generale back in April, when the bank’s London unit saw the scaling back of its markets division in what was to become a wider trend among several other leading banks in the industry. Last week, Credit Suisse announced a series of changes to its London-based Macro Hedge Fund Unit, which saw the departure of several members of its team.
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Consequently, a major portion of Credit Suisse’s Macro Hedge Fund Sales unit was let go, which included its Head of Macro Hedge Fund Sales, Philippe Katz, as well as Macro Hedge Fund Sales specialists Phil Valori, Jimmy Yip and Johann Benharroch – despite the cuts however, Credit Suisse will retain its overall sales coverage for Macro products.
Mr. Luca Fetta’s most recent departure from the lender came less than a year after Societe Generale assumed the mantle of control from Newedge in a bid to augment its electronic trading and clearing operations.
In his new role as the Global Head of Foreign Exchange (FX) at Santander, Mr. Luca Fetta will help steer the group’s capabilities while being based out of London – his role is tendered with immediate effect. Prior to joining Santander, Mr. Luca Fetta worked at Societe Generale since 2009, having held multiple executive level roles at the French lender. This included stints as its Co-Head of Global Equity Flow as well as his most recent position as Global Head of FX.