Former Nomura FX Trader Brian Quinif Joins HSBC Currency Desk
- Quinif joined HSBC this month as a Vice President.
Brian Quinif, a professional within the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) industry, has moved to HSBC earlier this month to work from its office in New York, Finance Magnates has learned.
According to a report from FX Week, Quinif has joined the currency trading desk at the firm. The move is confirmed by his LinkedIn account, which states that he is a Vice President at HSBC Global Banking and Markets.
Brian Quinif, VP at HSBC
Source: LinkedIn
Quinif’s career in the financial sector spans more than a decade. He specializes in trading FX and interest rates in Latin America, his LinkedIn states.
On his profile, he also lists the following segments as his specialties: “Non-deliverable currencies, FX options, local currency interest rate Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, credit derivatives, sovereign debt, position taking, portfolio management, market making.”
According to the report from FX Week, in his new position, Quinif reports to Clyde Choi, who is a managing director at HSBC. He joined the London-headquartered company back in 2010, leaving his position at UBS.
The New York-based trader joins HSBC from Nomura, where he was also a forex trader and Vice President. Based in New York, he joined the firm in October of 2014 until he left more than four years later in April of 2019.
Nomura cuts jobs in its wholesale business
Reportedly, Quinif left Nomura not of his own choice as he was among several FX trading and sales personnel let go in April. This is because Nomura is executing its $1 billion cost-reduction plan in its wholesale business, FX Week said.
Before Nomura, Quinif was a Vice President at JPMorgan. He began his employment with the firm in July of 2006 and left more than eight years later in October of 2014. Prior to his tenure with JPMorgan, he did an internship at Deutsche Bank.
In addition to his career qualifications, Quinif also holds a BA/MA from the University of Georgia where he studied Economics. He also has a Bachelor in Romance Languages, his LinkedIn states.
Brian Quinif, a professional within the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) industry, has moved to HSBC earlier this month to work from its office in New York, Finance Magnates has learned.
According to a report from FX Week, Quinif has joined the currency trading desk at the firm. The move is confirmed by his LinkedIn account, which states that he is a Vice President at HSBC Global Banking and Markets.
Brian Quinif, VP at HSBC
Source: LinkedIn
Quinif’s career in the financial sector spans more than a decade. He specializes in trading FX and interest rates in Latin America, his LinkedIn states.
On his profile, he also lists the following segments as his specialties: “Non-deliverable currencies, FX options, local currency interest rate Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, credit derivatives, sovereign debt, position taking, portfolio management, market making.”
According to the report from FX Week, in his new position, Quinif reports to Clyde Choi, who is a managing director at HSBC. He joined the London-headquartered company back in 2010, leaving his position at UBS.
The New York-based trader joins HSBC from Nomura, where he was also a forex trader and Vice President. Based in New York, he joined the firm in October of 2014 until he left more than four years later in April of 2019.
Nomura cuts jobs in its wholesale business
Reportedly, Quinif left Nomura not of his own choice as he was among several FX trading and sales personnel let go in April. This is because Nomura is executing its $1 billion cost-reduction plan in its wholesale business, FX Week said.
Before Nomura, Quinif was a Vice President at JPMorgan. He began his employment with the firm in July of 2006 and left more than eight years later in October of 2014. Prior to his tenure with JPMorgan, he did an internship at Deutsche Bank.
In addition to his career qualifications, Quinif also holds a BA/MA from the University of Georgia where he studied Economics. He also has a Bachelor in Romance Languages, his LinkedIn states.