MUFG Recruits FX Veteran Chris de Sibert as a Director

Mitsubishi UFJ Financial Group, Inc. (MUFG) has managed to recruit Chris de Sibert as a Director for its operations in London where he will be focusing on the Europe, Middle East and Africa (EMEA) region, Finance Magnates has learned.

According to his LinkedIn profile, Sibert joined MUFG this month and is based in London, the United Kingdom. MUFG confirmed to Finance Magnates that he started his new role this week.

In this new position, he will help build a new global initiative to cover the firm’s institutional clients in the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) space.

Sibert's Extensive Career in FX Before MUFG

Sibert has had an extensive career in the FX industry, spanning across more than two decades. During this time, he has held a number of roles at notable financial firms. Before he was at MUFG, Sibert was at NatWest Markets where he was also a Director. He worked with the firm from January of 2018 until May of 2019, his LinkedIn states.

At NatWest, Sibert worked in institutional FX sales, where he focused on French, Swiss and German asset managers, as well as southern European banks with a special focus on ALM desks.

Sibert started his career in the FX space in 1993 when he joined the Banque Nationale de Paris as a junior forex salesperson, covering the French and European corporate clients.

From here, he went on to work for Citibank in FX sales, where he covered large French corporates. In April of 1997, he was appointed as the Vice President of FX Sales for the Iberian region at UBS.

After slightly more than two years with the Swiss firm, he went on to become a Director at the Royal Bank of Scotland (RBS) where he was the head of Iberian FX Sales (corporate and institutional).

During his career, Sibert has also worked at the Bank of America in FX Sales for four years and had an eight-year stint at HSBC, where he worked in sales as well. His most recent role with the company was Managing Director - Foreign Exchange and Commodities Sales, which he held from April of 2013 until August of 2017.

Sibert was also the Global Head of Business Development for R5FX and is a non-executive director at Caribbean Sustainable Agriculture, Ltd. since April of 2015, his LinkedIn states.