Ryan Nettles, the former head of foreign exchange trading at Swissquote, has been installed as Managing Partner at Guru Capital SA, a private equity firm based in Switzerland.
Nettles confirmed the news to Finance Magnates and said Guru Capital is currently seeking investment opportunities with active companies in the EMEA and APAC regions who have a special focus on FX & CFD brokerage, asset management, and FinTech.
The new destination for the FX industry veteran was recently founded earlier this year. Guru Capital provides advisory services to investment funds on strategic investment opportunities within the financial services industry.
The second managing partner, Luca Merolla, had also served with Nettles at Swissquote for over four years. As such, the firm’s two founding partners have over 30 years of combined experience within the financial services and fintech industry and worked together closely for many years prior to forming Guru Capital.
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More about Nettles’s career
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.
Earlier this month, he decided to step down from his position to pursue his new project after ten years with the Swiss multi-asset brokerage.
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.