LMAX lines up Cürex execs after acquisition, onboards Andre Severi

Andre Severi, a seasoned professional in the financial services industry, has taken up the role of Managing Director (MD) and Head of EMEA Sales at LMAX Group, an operator of institutional venues for forex and cryptocurrency trading.

As the new MD Head of Sales EMEA, Severi will be tasked with expanding the business in Eastern Europe and the Nordics through marketing strategies as well as engaging with private individuals, corporates and more.

With a career spanning over three decades, Severi has been a mainstay in the institutional foreign exchange industry. His journey in the financial sector began in 1992 at Crédit Agricole, where he served as a Senior FX Trader VP in Paris and New York.

In 1997, Severi joined State Street as the MD Head of European & Middle East Institutional FX Sales. His 13-year stint at State Street was marked by contributions to the company’s foreign exchange sales strategies and client relations across Europe and the Middle East.

Severi landed at RBC Capital Markets in 2014, where he held the position of MD Head of Europe Institutional FX Sales and Central Banks. While there, he also served as the MD Head of Institutional and Hedge Fund FX Sales in North America, based out of Toronto, Canada.

Before joining LMAX Group, Severi was the Managing Director at Cürex Group Holdings, LLC, from September 2017 to November 2023.

In addition to his corporate roles, Severi also founded Severi Consulting Ltd in January 2016, where he served until August 2017. His consulting firm was based in London, United Kingdom, and focused on providing expert advice and solutions in the financial services sector.

Andre is assuming his new role as LMAX Group lines up more Cürex’s executives after it acquired the latter’s foreign exchange operations. Cürex is a New York-based company specializing in institutional foreign exchange execution and data analytics.

The acquisition merges the strengths of both companies. LMAX Group, with its expansive distribution capabilities, and Cürex, with its technological strengths, expect to provide a diversified institutional FX service. This combined offering will cover execution venues, market data, and trade analytics.

Founded in 2009, Cürex’s affiliations with banks and buy-side entities are seen to complement the existing client base of LMAX Group’s FX division, which already has relationships with global banks and non-bank entities.