Credit Agricole CIB, the investment banking division of world’s largest co-operative financial service provider Credit Agricole Group now has a new Head for its E-FX business division. The move was made public via changes made to the executive’s LinkedIn account according to which Mr. Stefan Hamberger who has been serving at the France headquartered financial service provider for 3 years now had been promoted to role of Global Head of e-FX division. Stefan joined the firm back in 2016 as Managing Director and Global Product Manager for e-FX division making his promotion more of an extension of his existing duty and responsibilities. Stefan will continue to remain based out of the firm’s London office where he had been stationed since joining the French financial service provider and will be focusing on development of the firm’s e-FX product lineup and infrastructure. Credit Agricole CIB handles corporate and investment banking activities for the group and is currently the world’s 11th largest bank in terms of total assets.
CIB is popularly known in the industry for its comprehensive range of products & services ranging across wide array of financial service verticals namely Capital Markets, Brokerage, Investment Banking, Structured Finance, Corporate Banking and International Private Banking. Before joining Credit Agricole CIB, Stefan did a short stint as Managing Director at an FX consulting GMBH taking a short break from his multi-decade long career in forex and banking industry. Stefan began his career in financial service industry as sales executive dealing in forex and precious metals at Volksbank Pforzheim eG – a co-operative bank based out of Germany. During his thirty-year long career he has served in several industry-leading multinational financial service providers handling their FX business making him an expert with vast knowledge in sales, FX and institutional banking verticals and a proven track record of leading his team to successful endeavors. Stefan spent early part of his career serving under FX sales team at BNP Paribas and ABN AMRO Bank N.V.
He then moved to Dresdner Kleinwort Wasserstein where he served as head of Institutional sales & e-FX team handling the divisions business in Central European region. Post serving at the firm for four years he moved on to Commerzbank AG where he spent his longest tenure till date serving for nine years during which he was promoted twice. He joined the bank as Head of Bank sales and played a major role in reshaping its sales business into a profitable venture by directing its focus on emerging market counterparts. His contributions in reshaping sales business led to him being promoted to role of Global head of FX Banks & FX ecommerce sales/Managing Director. In this role he was responsible for managing the firm’s global front office sales made up of 30 offices located in 6 locations across the globe. During his term in the role he along with then current head of structuring built the bank’s e-solution for highly sophisticated structured products dubbed “Kristal” leading to his second promotion to role of Head of eFIC business division. It should be noted that Stefan’s promotion comes at time when two the division’s long term executives Jesse Bass and Andrew Soper parted resigned from the firm.