US-based independent futures brokerage and clearing firm, R.J. O’Brien & Associates has appointed Tony Dalton as the newest Head of its Foreign Exchange division, according to a recent Reuters report.
In his new role as the Managing Director and Head of FX at R.J. O’Brien & Associates, Mr. Dalton will be based out of the group’s New York Office, helping manage the group’s US FX clientele.
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Prior to joining R.J. O’Brien, Mr. Dalton worked in a variety of senior level roles at Bank of America Merrill Lynch (BAML), dating back to 2012, principally as its Managing Director. Additionally, he has also held positions at ABN AMRO and Barclays Bank Plc.
Earlier this year in March, RJ. O’Brien & Associates promoted Senior Managing Director and Chief Risk Officer Jamal Oulhadj to the role of Chief Operating Officer. Mr. Oulhadj was strategically placed to oversee firm’s global risk operations, credit and information technology (IT) capabilities, and a variety of other management operations.
RJO is based out of Chicago and is the oldest and largest independent futures brokerage and clearing firm in the United States. The group has seen its retail FX funds fall abruptly by nearly double digits in May, which toppled -9.48% MoM from April, according to the Commodity Futures Trading Commission’s (CFTC) Retail Foreign Exchange Dealers’ (RFED) data.