HSBC has secured a new recruit for its institutional foreign exchange sales team in New York. According to a report from FX Week this Wednesday the banking organization has added Jonathan Cheesman.
Cheesman has more than ten years experience in foreign exchange sales and trading, which he acquired through his time spent at both Goldman Sachs, an American multinational bank and Barclays Capital.
At Goldman Sachs, Cheesman was a Vice President and spent his time with the firm in both New York and London. While employed with the multinational firm he worked in macro sales in its securities division.
Cheesman left his position at Goldman Sachs last year to pursue new opportunities. This saw him end up at Distributed Global, an asset management firm which specializes in digital and blockchain-based assets.
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At Distributed Global Cheeseman became a partner and headed investor relations and managed co-investment opportunities at the company. The company still lists Cheesman as the Vice President of Investor Relations on its website.
According to the biography of Cheesman on their website, he received a Bachelor of Science in the field of Political Science from the University of Bristol in the United Kingdom. He is also an apparent early investor in digital assets.
HSBC has declined to comment on personnel moves, the article from FX Week noted.
The revolving door of Goldman Sachs
At Goldman Sachs, where Jonathan worked until 2018, the firm is also going through a series of changes. Just today, Finance Magnates reported that its co-head of engineering for the U.S. bank’s securities division, Konstantin Shakhnovich, is retiring, according to a memo seen by Reuters on Tuesday.
Shakhnovich is the latest in a number of executive moves for Goldman Sachs over the past year. The changes were made ahead of David Solomon, the then incoming Chief Executive Officer, coming in to take charge of the multinational investment bank.