Bank of England’s FX Dealer Chris Mills Departs after 18 Years

Chris Mills, a forex and money markets dealer at the Bank of England (BoE), has departed the UK central bank after 18 years of service.

Mills, who joined the apex bank in 2004 as a customer relations and accounts management personnel, announced his exit on Friday.

He disclosed that he will be joining the executing broker, JB Drax Honoré to pursue his interest in the emerging cryptocurrency industry.

“After 2 years of education on crypto, I want to be part of the fascinating world of digital assets. I’m excited to start my new challenge on Monday, building the Digital Assets Execution Desk at JB Drax,” he wrote on LinkedIn.

In the past eight years, Mills has been helping to manage forex risks on the balance sheets of the Bank of England and the UK Treasury.

Among other duties, he handled daily trading of forex spot, forex swaps, forex forwards, repurchase agreements and time deposits.

Executive Moves

Across the financial landscape, a number of role changes have happened this week.

Oval Money on Friday announced the appointment of Luca Merolla as the Chief Executive Officer to head its fintech brand Oval and forex and contract for difference (CFD) brokerage subsidiary, OvalX.

Merolla replaces Philip Adler who stepped down from the CEO position but remains in the company as the Chief Business Development Officer.

At the beginning of the week, Finance Magnates reported exclusively that Filippo De Rosa joined HonorFX, a retail forex and CFD platform, as its CEO.

“The priority is to build meaningful relationships with our clients, be it retail, professional or institutional traders. By understanding the requirements of our partners we can deliver an exceptional trading experience,” De Rosa told Finance Magnates.

De Rosa, who joined the broker earlier this year, has almost 20 years of industry experience from working with several brokerage brands.