Sucden Financial has elevated Noel Singh to the position of Head of eFX Business Development, following a lengthy career in the FX industry in the institutional space, according to a Sucden Financial statement.
Finance Magnates originally detailed the hire back in November, with Sucden Financial now formally hiring Mr. Singh. His mission will be to help drive the development of the group’s non-bank FX prime brokerage business.
Moreover, in his new role at the group, Mr. Singh will look to focus on institutional firms, including asset managers, hedge funds and prop trading houses. The hire also comes at a key juncture for a Sucden Financial, which is expanding its FX business.
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He comes over to Sucden Financial from Dutch bank ABN AMRO, having worked in its FX Clearing Department as its Product Manager. Overall, Mr. Singh brings decades of experience in institutional level FX trading including a nine-year stint at Dai-Ichi Kangyo in London, with additional stops at EBS and other venues.
According to Mr. Singh in a recent statement on the appointment: “I am excited to join such an established and innovative firm, which has seen a rapid growth in FX and is already a key supplier of eFX liquidity. Given the developments in the market over the past two years and the company’s financial strength and its ability to invest, we are well positioned to reach broader markets and offer the benchmark non-bank FX prime brokerage service for institutions.”
“I am delighted to welcome Noel to our team. He is very well regarded in the industry and will play an important part in building our institutional client base. His expertise will help us reach new institutional clients requiring market access with lower entry requirements, the latest technology and a fully transparent service,” added Wayne Roworth, Co-Head of e-FX.