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 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.
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“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, 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.