London Capital Group Holdings PLC (LON:LCG), a provider of foreign exchange, contracts-for-difference (CFDs) and stocks, has undergone its latest personnel move, with Simon Hooks relinquishing his role as General Counsel and Company Secretary after less than a year on the job.
Mr. Hooks originally stepped into the role last September, succeeding Matthew Parish at LCG. After just ten months on the job, his role has been terminated with LCG with immediate effect, per a regulatory filing – the group has not announced a successor.
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The departure of Mr. Hooks comes in one of the financial services industry’s hardest hit locales, London, which has seen no shortage of marquee departures, layoffs, and transitions over the past year. With the prospect of Brexit, many financial venues have opted to scale back operations or relocate to alternative jurisdictions, with the most common trajectory being towards other financial hubs in continental Europe.
Mr. Hooks joined LCG from NetOTC, an over-the-counter (OTC) solutions provider, having worked in a similar role as its Legal Counsel, extending back to October 2015. In this capacity he oversaw a legal team, helping advise management on organization and specialist derivatives work.
Prior to this role, he worked at Deutsche Bank as a Secondee Legal Counsel, which saw him seconded to a clearing legal team at Deutsche Bank in London to assist the business and advise on matters relating to clearing, derivatives, and related regulatory developments. Additional roles include stints as an Associate, Derivatives and Structured Finance at Allen & Overy, among other positions with the group, according to information made public on his Linkedin profile.
Back in April, LCG brought in Emilio Lobo as its Head of Business Development. He joined LCG from from IronFX, having worked previously in its Spain Representative Office for nearly three years, dating back to 2013.