Trading Places: Citi Loses its FX Chief, Invast Fortifies PB Unit

Monday, February 13

Andrew Pal and Cassandra Lister, Invast Global

Invast Global has announced the appointment of industry veterans Andrew Pal and Cassandra Lister as specialist consultants, further strengthening the firm’s Asian prime brokerage and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term offering. With a twenty-year career at UBS under his belt, Mr. Pal brings a particular expertise in the changing global regulatory environment and the opportunities afforded within the prime services space as regulatory reforms progress.

James Bindler, Citi

One of the longest tenured veterans in the foreign exchange (FX) industry, James Bindler, will be retiring after nearly three decades in a variety of senior FX roles to pursue academic interests. Mr. Bindler has been a mainstay in the FX industry for over thirty four years, most recently taking a senior position at Citi as its Global FX Chief in mid-2014, succeeding Jeff Feig. Overall, he spent over two decades at Citi in multiple senior roles.

Tuesday, February 14

Laoura Salveta, 120ADVERTISING

120ADVERTISING welcomed the addition of Laoura Salveta, who joins the group as its newest marketing and branding specialist. Back in October, Ms. Salveta parted ways with FXPrimus, having worked as its Head of Marketing for over two years. She has been active in the foreign exchange space, working in several senior market roles since 2011, including stints at Easy 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 and MPF Global Markets.

Wednesday, February 15

Gaynor Wood, CLS Group

CLS Group last Wednesday appointed Gaynor Wood to the role of General Counsel. Mrs. Wood originally joined CLS back in 2013, having since served as the Head of the London Legal team. She has been a mainstay in the legal space, previously working at JPMorgan Chase, Bank of America Merrill Lynch, and other leading investment banks in the London area.

Virginie Saade, Citadel

Citadel secured the services of Virginie Saade, who joins the group in a newly created role of Director of Government and Regulatory Policy for Europe. Ms. Saade joins Citadel from KCG, having worked as its Head of EU Regulatory Affairs and Strategy for nearly three years in London. Her new appointment will see her remain in the UK’s capital – she steps into her new role with immediate effect.

Thursday, February 16

Robin Strong, Convergex

Convergex appointed compliance specialist Robin Strong as its newest Managing Director, part of the group’s emphasis on expanding its European sales coverage. In his new role at Convergex Limited, its London-based brokerage, Mr. Strong will be tasked with expanding the group’s spectrum of commission management, research payment, and outsourcing services to both buy- and sell-side.

Jeff Leal, BNY Mellon

BNY Mellon last week secured the services of foreign exchange veteran Jeff Leal, who comes over to the asset manager from UniCredit as its newest Global Head of eFX. Mr. Leal has been a mainstay in the FX industry for the past seven years, working at multiple lenders, including Nomura and UniCredit, based entirely out of London.

Friday, February 17

Shawn Malhotra, Thomson Reuters

Thomson Reuters on-boarded Shawn Malhotra as its newest Vice President for the group’s Toronto Technology Centre. He has joined one of the company’s largest growth segments in Canada. The hire of Mr. Malhotra helps establish veteran leadership at the group. He will be responsible for fostering the centre’s focus on emerging skills, computing, visualization, user experience, and cloud development.

Paulo Rodrigues da Silva, Euronext

Euronext tapped Paulo Rodrigues da Silva as its next Chief Executive Officer of Euronext Lisbon. He will be succeeding Maria João Carioca, who resigned back in December. Mr. Rodrigues da Silva will step into his new role pending regulatory approvals, targeting a date of March 2017, and will also be added as a member of Managing Board of Euronext N.V.