Remo Fritschi has parted ways with ADS Securities to join the investment bank of Intesa Sanpaolo, Banca IMI. The senior institutional FX executive is joining the company’s London subsidiary. The change has been publicized via the LinkedIn profile of the industry veteran.

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Before joining the Institutional FX sales team of Banca IMI as a Managing Director, Fritschi spent a bit over a year at ADS Securities. He’s been working in the industry since 1998, holding various senior FX sales-related roles State Street, RBS, Standard Chartered and Morgan Stanley.

Banca IMI is headquartered in Milan but Remo Fritschi will be based in the company’s London branch. The bank also has a New York office via its subsidiary Banca IMI Securities Corporation. The Italian parent bank’s Hong Kong subsidiary Intesa Sanpaolo Capital Markets is facilitating the firm’s operations in the Far East.

The company’s 800 employees are spread across a wide range of services for institutional investors, corporates and financial networks. The investment banking arm of Intesa Sanpaolo is providing market making services in foreign exchange, fixed income, equities, derivatives, etc.

Banca IMI’s FX Desk has partnered with Market Hub to offer quotes on over 60 currency pairs. The solution is providing access to both single and multi-dealer platforms FXALL and 360T, delivering access to spot FX, forwards and swaps.

Yesterday the parent company of Banca IMI, which is also the largest bank in Italy by market value announced that it is buying the good assets of two failing Italian banks, Banca Popolare di Vicenza and Veneto Banca for one euro. Shares of the company rose as much as 4 percent before closing 3.5 percent higher on the day and leading Italian shares higher.