As per the recent announcement made by US-based financial service provider State Street, it has hired Harry Xu to serve as Vice President for its Forex business division for Asia operations. The move was first made public via changes made in Harry’s LinkedIn profile, and as per information in his profile, harry has been a part of State Street since June 2019. Prior to joining state street, Harry served for nearly five years at Japanese financial service provider Nomura in various roles based out of their New York Office. He started his tenure at Nomura as a Summer Analyst back in June 2014 and was promoted to the role of EM Trader a role which he held for a major part of his tenure at the firm.
During his tenure at Summer Analyst, he handles Equity derivates, Forex, and Securitized products. In his role as EM Trader, Harry became specialised in Forex assets primarily focusing on Asia and Latin American markets. As an EM Trading Associate, he acted as a market maker for forex and local rates specialising on proprietary options trading and currencies – CNH, CNY, TWD, HKD, PHP, THB, MXN, and CLP. He had stated in his profile that his main strategy as a trader was made up of trend trading using vanilla and exotic options, relative value, and bottom-up fundamental economic research. Xu started his career in the financial industry as a summer analyst at China Urban Real Estate Association Investment Fund where he served for four months.
Harry graduated from Oxford University in 2012 with a degree in corporate management and international finance. He also has a bachelor’s degree from Georgetown University in international political economy and a masters degree on General Finance from Zicklin School of Business. Xu joined the financial service provider less than a month after it was on news for paying US$ 94.3 Million as a civil penalty to resolve allegations from US Securities and Exchange Commission stating that the firm overcharged its asset serving clients. The US watchdog filed the order and settled charged on its allegation claims all within June 2019 but the Boston based financial service provider has neither admitted to nor denied the accusations aimed at it by US SEC in any form of an official statement so far.
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