Exclusive: Peter Plester Rabobank Head of PB departing to Join Saxo's Prime Brokerage

With over 23 years experience in Forex, spanning careers with Daiwa Europe Bank, Societe Generale, and as of most recently

Peter PlesterExclusive: Forex Magnates has learned from confirmed sources that Peter Plester, Head of Prime Brokerage at Rabobank International, will be joining Saxo Bank’s Prime Brokerage division, thus making for a senior executive move in the Foreign Exchange industry that we are reporting.

According to information on a LinkedIn profile for Mr. Plester, he was based out of London, where he headed Rabobank International’s Prime Brokerage, a position that he arrived in nearly a decade ago, and with prior experience culminating a 23 year career (until the present) in Foreign Exchange market.

For Saxo the news, as reported by Forex Magnates, follows just a day after the Danish bank added a new USDCNH option, aimed to strengthen its already robust FX Options product range.

Competition in the Prime Brokerage space has escalated in recent years as new emerging prime of prime providers aim to bring a more diverse offering to prospective brokerages.

Forex Magnates is days away from releasing its Quarterly Industry Report (QIR) for the first quarter of 2014, which will contain extensive research and data, and insights into critical developments effecting market participants. This report will be available for purchase.

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