ANZ Bank appoints Paul Scott as its New Global Head of eFX

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

ANZ Bank

ANZ Bank appoints Paul Scott as its New Global Head of eFX

November 30, 2018
Paul Scott, Head of eFX at ANZ
Paul Scott, Head of eFX at ANZ

Australia and New Zealand Bank (ANZ) is strengthening its eFx business in the region with multiple hires in the senior level position. The latest hire by the company is of FX veteran Paul Scott who has been appointed as Global Head of eFX. Mr Scott has several years of experience in the forex brokerage industry and will help ANZ to grow its business.

Mr Scott will be based in Sydney, Australia and will be responsible for maximising trading across all eFX products including spot, forwards, non-deliverable forwards and client also offering.

Scott began his career in 1996 as a senior FX trader in National Australia Bank. He then moved on to Kaiser Trading, where he went on to become the Head of Trading division. He was also founded key market initiatives such as FXSpotStream LLC, where he was a board member and its former chairman.

Prior joining ANZ, he was Founding Director at Market Alignment, which provides algorithmic & electronic trading review that helps to reduce costs at Australia’s top institutional banks. Prior to this, he was at Commerzbank AG, where he spent almost 10 years of this career and has worked in multiple senior level roles. This includes Head of Asia eFX trading and Global Head of spot foreign exchange and e-trading.

Mr Scott’s hire will be the latest following the settlements with Australian regulator over certain misconduct by some of its traders. The settlement resulted in ANZ to stem out over $50 million in penalties for the incidents dating back to 2011-2012. During the time period, it also fought a case with Australian regulator ASIC which filed charges against the bank for non-disclosure of material information to all shareholders in the $2.5 billion share placement in 2015.

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