Marex Spectron continues FX expansion

UK-based brokerage Marex Spectron has continued the expansion of its foreign exchange business with five key hires in London, Singapore and Geneva, following the appointment of CIBC's Chris Eagle, who joined as global head of FX in January.

In the latest round of hiring, Willie Sim has been appointed head of FX for Asia-Pacific, based in Singapore, while Simon Durno, Kelvin Jouhar and Hetal Patel join the firm in London and Anna Dahan joins in Geneva.

Sim has more than 20 years' experience in FX and other markets in Asia, having worked at a number of institutions, including Merrill Lynch. Durno joins from Morgan Stanley, where he worked for more than 20 years in FX and fixed income, with a particular focus on electronic trading risk management.

Jouhar and Patel both join from Lloyds Banking Group, where Jouhar was most recently head of spot trading and Patel was a senior G-10 trader. Both left the bank last year during a period of significant transition. Patel had been with Lloyds for more than 10 years, while Jouhar had joined Halifax Bank of Scotland, which was later acquired by Lloyds, in 2000. He has also worked in FX roles at Tullett Prebon and Morgan Stanley.

Lastly, Dahan joins Marex Spectron's Geneva office from Royal Bank of Scotland, where she covered local banks, investors and family offices across FX and other products.

As we execute the strategy of converting foreign exchange at Marex Spectron into a fully integrated global business, these hires bring key skills, contacts and experience

"As we execute the strategy of converting foreign exchange at Marex Spectron into a fully integrated global business, these hires bring key skills, contacts and experience to the firm. Our new business model will enable us to service our counterparties from a global footprint, but with genuine local presence," says Gavin Prentice, managing director of Marex Spectron.