GAIN Capital has announced the hiring of Peter Cronin to the position of Managing Director and Head of EMEA GTX Sales. According to GAIN, Cronin will be responsible for growing GTX, GAIN Capital’s institutional business, in Europe, the Middle East and Africa, and will report directly to Executive Vice President and Head of GTX, Joseph Wald. Cronin is set to begin his new role starting August 5th in GTX’s London office. Previous to GAIN, Cronin had worked as the Head of EMEX e-Commerce at UBS Investment Bank, as part of a 13 year career at the investment bank.
Commenting on the hire, Joseph Wald, Head of GTX, stated “Peter is an accomplished and talented banking professional who is moving to the FX ECN business at a time when the global foreign exchange industry is undergoing many exciting changes.”
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Also commenting, Peter Cronin stated “I’m proud to be joining one of the fastest growing FX ECNs in the industry. GTX is focused on creating and sustaining a balanced marketplace for FX trading where market participants can obtain quality executions and reap other benefits from the company’s next-generation liquidity management technologies. I look forward to expanding the GTX business in Europe, and will draw upon my previous accomplishments in fulfilling this mandate.”