Ryan Nettles, Head of FX Trading & Market Strategy at Swissquote, has decided to step down from his position to pursue a new project after ten successful years with the Swiss multi-asset brokerage, Finance Magnates has learned.

It is also understood that a permanent replacement for Nettles has not yet been appointed.

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Since 2010, Ryan has been an active executive and member of Swissquote’s senior management. He has originally joined the company as Vice Director and Head of FX Sales, at that time being based in Swissquote’s Zurich office, and then was quickly promoted to head FX trading after moving to Gland in 2012.

Nettles joined Swissquote from Rous Technology SIA, a provider of risk management software for the brokerage and banking industry. Prior to that, he served with Varengold Bank AG as FX Joint Venture Partner for nearly two years.

Earlier in his career, Nettles worked as global head of FX sales at Commerce Bank & Trust Company and was also the founder and managing Partner at Texas-based First American Securities & Futures LLC, part of a lengthy career dating back to 1998.

Commenting on his years at Swissquote, Ryan said: “Over the 10 last years, the industry experienced profound changes. Swissquote entered the currency trading market when rules were tightening and consistently invested in the strengthening of its position. I’m proud to have contributed to this development and confident in the future.”

Marc Burki, CEO of Swissquote also noted: “Ryan brought his deep experience of the industry and helped establishing our leadership in currency trading. Ryan built a great team of seasoned professionals over the years and was Head of the eForex Trading & Market Strategy Department and member of the Senior Management of Swissquote. We thank Ryan for his commitment and for assuring a smooth transition to the new leadership. We wish him well in his new venture.”