MAS Markets Hires Swiss Finance Corporation's Gareth Palmer for FX Sales

MAS Markets has hired Gareth Palmer from Swiss Finance Corporation to sell electronic currency trading to institutions. The London-based liquidity provider announced the appointment today (Thursday).

Palmer is the seventh senior appointment at MAS Markets that FinanceMagnates.com has reported this year. The hiring follows a year in which the firm's revenue nearly doubled to £6.13 million, from £3.19 million in 2024.

MAS Markets supplies FX, commodities, metals and index liquidity to brokers, hedge funds and family offices. It is regulated by the Financial Conduct Authority (FCA) and runs its trading infrastructure from the LD4 and TY3 data centers, according to the release.

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A Hiring Year Weighted Toward Sales

MAS Markets has added staff in sales, risk and operations since January, most of them in client-facing jobs. In January it named Nicholas Chantzaras head of institutional sales, along with Jorge Darias for Southern Europe and Latin America and Michael Quirk as an account manager.

Two came from rival broker ATFX, Matt Porter as head of operations in June and Simon Naish as head of Asia-Pacific in October.

Counting Palmer, five of the seven hold sales or regional client roles. The other two run internal functions: Porter and Saul Knapp, a former Equiti Capital risk chief who became chief risk officer in May.

From Bank Desks to a London Broker

Most of Palmer's FX career was spent at banks. He ran electronic foreign exchange (eFX) sales at Swiss Finance Corporation from August 2025, his LinkedIn profile shows, after nine years at First Abu Dhabi Bank.

His titles at the Abu Dhabi lender included head of eFX distribution and head of fixed deposits and eFX sales globally. He worked from Abu Dhabi, Dubai and London and left as an executive director.

Before that he worked in FX e-commerce client services at BNP Paribas and Bank of America Merrill Lynch. He also spent almost five years on Deutsche Bank's Autobahn FX platform, where he managed a European team of seven.

Palmer said in the release that he understood "the importance of combining competitive liquidity with reliable technology and strong client relationships."

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At MAS Markets he will build the eFX sales business and look for ways to widen its electronic trading offering, according to the release. He started this month.

The liquidity provider 's clients include retail brokers. Their trading volumes rose an estimated 8% quarter on quarter in the third quarter, according to preliminary FM Intelligence data on 185 brokers.