Marex Spectron, a leading global commodities specialist revealed the appointment of the new Chief Executive Officer for its North American unit in its latest announcement. As per a statement from the firm, it has appointed Mr. Ram Vittal to serve as the head of its North American unit effective immediately.
In his new role as Chief Executive Officer of North American division, Ram will be based in the New York Office and report directly to Mr. Ian Lowitt- Group Chief Executive Officer. As head of the division, Ram is expected to lead the firm’s operations in the said market region and oversee operations of Chicago based Rosenthal Collins Group & metals, energy, and agricultural brokerage teams which are located in New York, Houston, Connecticut, and Calgary. As per the firm’s report, the firm’s North American accounts contribute more than a third of the group’s gross revenue.
Most recently, Ram served as Managing Director and Head of Treasury Services Franchise Client Management unit in JP Morgan Chase. In his role as head of the unit, he led the bank’s innovative client solutions leveraging data analytics and digital technologies. Prior to that, he served at Goldman Sachs where he served as Managing Director and held leadership roles for several of the firm’s financial services units such as Investment management and investment banking. His most notable achievement in the said role was spearheading the establishment of Goldman Sachs’s asset management business in India. Mr. Vittal began his career in the financial services industry after graduating with an MBA degree from Wharton School of the University of Pennsylvania and is also serving as Chairman of the Board of Overseers for Columbia University’s School of Professional Studies.
Speaking about his new role at the firm, Mr. Vittal said “I am excited to join Marex Spectron as it enters the next phase of its global growth story and looks forward to working with the leadership team to build market share and expand the business further in the US”.
Commenting on the addition of Ram to the leadership team, Mr. Ian Lowitt said “Ram is an impressive addition to our firm. His track record in investment banking, acquiring and growing businesses, coupled with his understanding of digital solutions and data analytics will be invaluable as we develop our North American business. This is our fastest-growing region and our intention is to continue building our presence in the Americas to around half of our total revenues through organic expansion, new product development and acquiring businesses where we see growth opportunities”