Trading Places: IronFX, AvaTrade, FXCM and Standard Chartered

This past week saw FXCM's senior marketing executive leave the company, IronFX's compliance officer step down and an exclusive report on a move at Standard Chartered.

11.9

Mark Carney

Mark Carney, Governor of the Bank of England, is to become the next Chairman of the Economic Consultative Committee (ECC) and the Global Economy Meeting (GEM). The GEM is the discussion forum for the chiefs of some 30 central banks, representing early 80% of global GDP. The ECC analyses and proposes subjects for the GEM’s consideration.

Carney is a finance veteran - amongst other achievements, he was the first non-British governor of the BOE. BIS Board Chairman Jens Weidmann commented on the appointment: “We look forward to working with Mark Carney, a long-time member of the BIS Board since 2008, in his new role.”

12.9

Demetris Kyriacou

The Chief Compliance Officer of IronFX is stepping down after more than eight years with the company. Before joining IronFX in 2009, Mr. Kyriacou served as General Manager of ACFX for a little over a year.

13.9

Jacqueline Johnson

After 12 years with FXCM, marketing veteran Jacqueline Johnson has left the broker to join Asia-focused Global Market Index as its Chief Marketing Officer.

Jacqueline joined FXCM in 2005, progressing from sales associate to VP Institutional Sales/ Business Development to Director of FXCM Ventures. Most recently she held the role of Senior Vice President - Global Head of Partnerships.

GMI operates a joint venture with CFH in China called CFH Systems.

Derek Burke

FSC Securities Corporation, part of Advisor Group, today announced that fixed income industry veteran Derek Burke has been named President and CEO of the firm. Burke served most recently as president of Waddell & Reed Financial, Inc. (NYSE: WDR). He will report to Jamie Price, president and CEO of the parent company.

Burke will oversee the day-to-day operations of the business, taking over from Jerry Murphy.

Burke has spent more than three decades working in the financial services industry. After starting his career as an enforcement attorney with the SEC, he became CEO of First Investors Advisory Services LLC and President of First Investors Management. Burke also spent six years at UBS Wealth Management, where he served as Managing Director and Co-Head of Investment Solutions. His most recent role was as President and CEO of Waddell & Reed.

Jamie Price said: “Derek brings both deep leadership experience and a passion for championing advisors to his new role."

14.9

Niki Beattie

Non-bank 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 provider XTX Markets has announced the latest addition to its personnel – investment banking specialist Niki Beattie. She will step into the role of Non-Executive Director and Chairman on October 1, 2017.

Ms. Beattie presently serves on a number of different boards around the financial services industry. She founded Market Structure Partners back in 2008 and worked at Merrill Lynch for over fourteen years as a managing director,

Alex Gerko and Zar Amrolia, co-CEO’s of XTX Markets, commented: “We are delighted to have Niki join the team. She has a deep experience and domain knowledge in trading technology, market structure, regulations and governance."

"I am looking forward to bringing my experience to the team and helping drive the company forward as we grow geographically and across asset classes,” added Ms. Beattie.

Cabrini Redmond

Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term provider AvaTrade has continued adding to its retail operations in Spain in 2017, appointing Cabrini Redmond as its newest managing director. She steps into the role with immediate effect, based in AvaTrade’s Barcelona office.

Redmond founded KNG Markets earlier this year. Additional roles include stints as Executive Director and Partner at LVM Holdings. She has worked in the financial services industry since 2009, according to information made public on her Linkedin profile.

Mark Webster

A spokesperson for Standard Chartered confirmed to Finance Magnates that Mark Webster, the company’s Global Head of FX Sales, is leaving the company. He has been with the firm for a little over 4 years, after joining from RBS.

Before joining RBS, he worked as Head of FX Sales at Bank of America Merrill Lynch for almost a decade.

Haroon Sana will be taking over Mr Webster’s role at Standard Chartered. He joined the company in April this year as Head of Financial Markets Sales for Europe and Global Head of Rates Sales.

Mr Sana was previously employed by Deutsche Bank and Scotiabank in London.