Michael Davies Joins Stater Global Markets as Global Head of Sales

Prime of prime brokerage, Stater Global Markets (SGM) announced this Thursday that it has appointed Michael Davies as Global Head of Sales. Davies joins SGM from Sucden Financial where he was Head of eFX Sales EMEA.

“Michael’s appointment is a significant milestone for Stater,” said Ramy Soliman, SGM’s CEO, “he is a well-respected and knowledgeable senior sales person with an extremely versatile skill-set and brings a wealth of institutional insight to Stater. We are thrilled he is joining.”

SGM’s newest member of staff joins just one month after the prime of Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term announced that it plans to build a sales division. Max Moriarty, formerly in Fixi’s sales team, was appointed to head up EMEA sales in the wake of that announcement. He will report directly to Davies from now on.

"I needed a new challenge" - Michael Davies

“After almost 15 years at Sucden Financial, helping them grow from being an unknown in FX PB to a well-respected firm trading yards and yards a day, I felt like I needed a new challenge.” Said Davies, “Stater presented me with the ideal opportunity – a global role in a young, dynamic, ambitious firm which has FX at its core and is eagerly looking at complimentary products like Crypto CFD’s.”

As noted, Davies will join SGM from Sucden Financial. Joining in late 2004, he has spent close to 15 years with the firm. Starting out as an analyst, he worked his way up to become Head of Research in 2007.

Following that, he had a two-year stint as Manager of Corporate Strategy and Business Development. During his time in that role, he worked alongside Lord Ahmad, Sucden Financial’s Director of Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term, Strategy, and Research.

After just over two years in that role, Davies then moved on to working in institutional sales. In mid-2016, he became Head of eFX Sales for the EMEA region, the role he held prior to joining SGM.