Trading Places: ADS Securities, FXCM Lose FX Veterans

Monday, March 27

Adam Narczewski, Admiral Markets

Admiral Markets on-boarded Adam Narczewski as its new Country Manager in Poland. The new hire is an experienced professional in the Polish retail trading industry. While working at the local Polish brokerage powerhouse XTB, Narczewski served in a variety of roles. Starting in 2007, he was Senior Dealer, then Managing Director in Hungary for about 2 years, and until August 2016 was Sales and Deputy Regional Director for the brokerage in Poland.

Faisal Anwar, ICM Capital

ICM Capital has continued in its hiring, bringing in Faisal Anwar as its newest Head of Digital, who joins the group with immediate effect. Mr. Anwar lands at ICM Capital in London and will be tasked with developing and implementing a new marketing plan to help drive the group’s profits. Additionally he will be handling marketing communications strategy at ICM Capital and helping manage the company’s brand and brand strategy.

Tuesday, March 28

Satomi Toyoshima and Toshiaki Chiyoda, FAM Clearing

FAM Clearing, LLC, a joint venture between Fortex and Advanced Markets, announced two new executive appointments last week, on-boarding Satomi Toyoshima and Toshiaki Chiyoda from CFH Clearing Japan, where they held the roles of Managing Director and Director of Sales respectively for the last two years.

Bryan Seegers, ADS Securities

Bryan Seegers, ADS Securities’ Director and Co-Head of Global eFX Coverage, parted ways with the Abu Dhabi-based brokerage. He was only promoted to this position in December 2016. Mr. Seegers was formerly responsible for ADS’s global electronic FX offering with servers in NY4, LD4 and TY3, a role which he held from June 2013 – October 2016. This was preceded by a yearlong stint as a Senior FX Dealer, where he was responsible for reorganizing global risk books and pricing to maximize desk revenue while enhancing client experience.

Bradley Duke and Tim Bevan, BCS Global Markets

BCS Global Markets promoted Bradley Duke and Tim Bevan as the newest co-CEOs of its UK entity, BCS Prime Brokerage Ltd (BCS UK). BCS UK had been rapidly expanding its personnel so far in 2017, having made a series of hires during Q1. Its latest decision to promote two chief executives helps maximize the group’s talent, also allocating its administrative responsibility across a recently adopted matrix management structure.

Wednesday, March 29

Prabhat Awasthi, Nomura

Nomura announced a series of management changes last Wednesday, elevating Prabhat Awasthi as its newest Head of India, following a successful tenure with the group in its Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term unit. Mr. Awasthi is presently Nomura’s Head of Equities – India. Per the appointment, he will step into the newly expanded role on April 1, 2017. The group’s current Head of India, Vikas Sharma, will himself be promoted to Head of Asia ex-Japan, also following nearly a decade with the bank.

Vishal Pandya, FlexTrade

FlexTrade Systems last week appointed Vishal Pandya to the position of Chief Operating Officer (COO), a newly created role. Based in the company’s headquarters in New York, Pandya will be tasked with business development for FlexTrade’s solutions across all functions/products/geographies. He will also be responsible for putting in place the necessary operating structure and management systems to enable the Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term to scale and accelerate growth.

Thursday, March 30

James McDonald, CFTC

The US Commodity Futures Trading Commission’s Chairman has appointed James McDonald, a former assistant at the U.S. Attorney’s Office, as the new Director of the agency’s Division of Enforcement (DOE). Mr. McDonald will step into his new role on April 10, 2017. The role will last for a period of three years.

David Puente, BBVA

BBVA promoted one of its veterans, David Puente, to the newly created role of Global Head of Data, a highly touted position at the group aimed at advancing its big data agenda. The promotion of Mr. Puente represents his first role in this area of focus, having previously worked at BBVA as a project manager.

, FXCM Pro

Last week, Finance Magnates reported that the Global Head of FXCM Pro Brandon Mulvhill is leaving FXCM after 12 years in a variety of roles at the company. He will be joining Jefferies as Head of the New York-based investment bank’s FX prime brokerage.

Daniel Skowronski, OANDA Europe

OANDA Europe Limited shook up its ranks after choosing to part ways with its acting Head and Managing Director of Europe, Middle East, and Africa (EMEA), Daniel Skowronski. Mr. Skowronski originally joined OANDA Europe back in 2014, having worked in one of its lead roles out of London for nearly three years.

Layth Sanjaq, Apexum

Apexum last week underwent a change in its senior leadership, with Chief Executive Officer Layth Sanjaq resigning from his role. Prior to joining Apexum last year, he was the founder of FXBuilders. In addition, he also held senior level roles at Orbex as its Global Head of Operations for over four years.