Sucden Financial creates multi-product execution team

Sucden Financial has announced the creation of a new multi-product execution team at its London office, to be headed by Rick Brunton. They will be responsible for executing foreign exchange, fixed-income, commodities and equity instruments for hedge funds, banks and asset managers.

Brunton joins from Jefferies Bache, where he was senior vice-president of futures and options sales. He previously held positions at Cargill Investor Services, Mitsubishi Trust International, Credit Lyonnais, BZW and Lehman Brothers.

Joining Brunton are Graham Bevan and Lee Deavall, both former Jefferies Bache employees. Bevan will cover sales while Deavall will focus on execution.

Bevan spent nine years at Bache Commodities and three years at Jefferies Bache as part of the options sales and execution team working with hedge funds, banks and real-money accounts. He has held positions at Banca Intesa and Credit Lyonnais Rouse.

Deavall worked for 15 years at Bache Commodities and for three years at Jefferies Bache, executing orders for interest rate, equity, FX and commodity exchange-listed derivatives.

We will draw on our experience and knowledge of the market, together with our long-standing relationships to assist clients

"Having previously worked with Rick, Graham and Lee, I saw an opportunity to use their knowledge and expertise at Sucden Financial to create a new business area, providing multi-product execution services for hedge funds, banks and real-money asset managers. The team helps [to] further grow and diversify the firm's offering, and strengthens our position in the market," says Marc Bailey, managing director of Sucden Financial.

"We are delighted to be working with Marc Bailey again and to join Sucden Financial, which has a strong and established reputation in the market. Utilising the firm's trusted infrastructure, we will draw on our experience and knowledge of the market, together with our long-standing relationships to assist clients in building and executing trading strategies," says Brunton.