International derivatives and foreign exchange broker Sucden Financial has announced the appointment of Darren Barker to help expand the institutional client base of the company’s FX services, including the broad range of electronic and voice capabilities.
Darren Barker joins Sucden Financial from futures broker RJ O’Brien, which closed its FX business earlier this year. At the oldest and largest independent futures brokerage and clearing firm in the United States, Barker was a senior director for sales and trading.
Commenting on the appointment, the new sales executive at Sucden Financial said:
“Sucden Financial is a highly reputable foreign exchange participant, with a strong financial position, experienced teams and established trading and support infrastructure. The ambitions to grow and broaden the firm’s client base, together with the existing capability to offer a full range of instruments make it a great fit for me.”
Darren Barker is a foreign exchange industry veteran with over 30 years of experience in selling a full range of FX products to institutional firms, including hedge funds, CTAs, private equity funds and banks.
Prior to RJ O’Brien, Barker’s experience within the FX industry includes senior sales and trading positions at Natixis, Unicredit, JPMorgan, Bank of America, UBS, Citi, and Deutsche Bank.
“We are delighted to welcome Darren. He has a wealth of experience and expertise to help us expand our institutional FX services to a broader client base”, said Peter Brooks, Co-Head of eFX at Sucden Financial.
Sucden Financial’s prime brokerage relationships count with liquidity from a variety of sources, including tier 1 banks. Its FX operation is ongoing for over 30 years and includes a range of services, namely eFX, ECN access, credit intermediation, deliverable FX, NDFs and OTC options.
The announcement came the same week the company reported record revenue and profit for the year ending 31 December 2017. The firm’s financial results include net profit of £10.9 million, against £8.4 million in 2016, net revenues of £48.7 million, against £46.5 million in 2016, and total net assets of £101.6 million, against £90 million in 2016.
The company has recently appointed Noel Singh as Head of eFX Business Development to lead the firm’s development of its non-bank FX prime brokerage business.