In his new role as the senior sales manager at Sucden Financial Limited, Mr. Davies will continue to be based out of London, following another promotion that has seen his role change yet again at the UK broker.
Mr. Davies originally joined Sucden Financial Limited back in 2004 from HiFutures. Over the next decade he ascended from the role of Analyst to Head of Research in 2007 and most recently to Institutional Sales in 2011, according to information on his Linkedin profile.
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Earlier this year, Sucden Financial appointed longtime FX industry veteran Wayne Roworth as its co-head of e-FX, who joins from Shift Forex and serves alongside Peter Brooks.
According to Michael Overlander, Chief Executive at Sucden Financial in a recent statement on the appointment, “Michael has been instrumental in establishing and growing our e-FX team and his promotion is very much deserved.”
“Sucden Financial has a great eFX offering, with a 100% STP model, established bank relationships, a strong balance sheet, and over 40 years of experience in the financial markets. We are in a strong position for continued growth and, as part of my new role I plan to continue our focus on emerging markets as well as key territories such as London, where it appears there is a surge in new brokerages establishing themselves,” added Mr. Davies in an accompanying statement.