Kamrath resigns from Jefferies, Bechtel takes over

Ray Kamrath resigns as global head of FX at Jefferies and Brad Bechtel steps into the role

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Moving on: Ray Kamrath had been global head of foreign exchange at Jefferies since April 2015

Ray Kamrath, global head of foreign exchange at Jefferies, has resigned, FX Week has learned, with Brad Bechtel, previously a managing director at the bank, taking over the position.

Ray Kamrath

Bechtel has spent more than three years at Jefferies and also worked with Kamrath at Faros Trading, most recently as global head of sales during his six-year tenure.

Kamrath, the founder of Faros Trading, sold the company to Jefferies in 2015.

Before joining Faros, Bechtel was a vice-president of FX at

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