Brokerages Hire Execs to Capture Growth

Brokerages around the world are hiring executives in a move designed to capture the growth in international trading volumes and the rising demand for more specialised and customised trade offerings.

Brokerages Hire Execs to Capture GrowthCME Group

CME Group, the world’s leading and most diverse derivatives marketplace, has announced the expansion of its international client development and sales efforts. The company has appointed two senior executives to its sales teams in Europe and Asia.

Michel Everaert has been appointed Head of Sales, Europe. He will be responsible for the development and execution of the group’s sales strategy and for “growing footprints” across the European regions. Everaert has been shifted from his position as International Head of Sales for the company’s commercial team, which he has occupied since August 2015. Everaert joined CME Group in March 2011, with responsibility for OTC pre- and post-trade products and services. Going forward, he will step into the shoes of  Kevin Collins, who is due to retire this April.

The other major appointment in the group is that of Tim Smith as Head of Sales, Asia, where he will be overseeing the development and execution of the company’s sales strategy across the region. Smith joins the group from Deutsche Securities Asia Ltd., where he was Head of Listed Derivatives for Hong Kong. Smith has over 20 years of experience in trading and sales roles with several leading financial institutions. Earlier, the role was filled on an interim basis by Christopher Fix, CME’s Head of Asia Pacific.

Everaert will be based in London and Smith in Hong-Kong. Both will report to David Hartney, CME Group Global Head of Client Development and Sales.

Commenting on the appointment, Julie Winkler, CME Group Chief Commercial Officer said:

We are very pleased to have Michel and Tim lead our international client development and sales efforts, particularly as our business growth outside the U.S. continues to climb. With international volumes growing 10 percent in 2017, we are seeing rising demand for our suite of benchmark products, and we are committed to helping our global client base manage their risk going forward.

BlackBull Markets

New Zealand-based BlackBull Markets, the leading Fx brokerage that offers retail Fx traders the benefit of institutional level offerings, has appointed Anish Satinder Lal, as its head of Fx and Metals division.

The appointment is a strategic hiring by the company as part of its expansionary efforts throughout Asia. Lal is a  veteran of ADS Securities, where he held various sales and trading roles during his one-year stint. Before that, he was an FX and Metals Sales Trader with Atom8.

In a recent statement to Finance Magnates, Anish said:

BlackBull Markets presents an exciting opportunity in a growing part of the financial services world. The New Zealand jurisdiction provides traders an alternative solution to the EU and arguably as stringent governance. I join at a time of expansionary growth (especially in Asia) and my aim is to help support the future business strategies of BlackBull Markets.