Sberbank CIB Loses Head of FX, Steven Weller

Longtime currency markets veteran and current Managing Director and Head of FX at Sberbank Corporate and Investment Bank (CIB), Steven Weller, has announced his retirement, according to an FXweek report.

Mr. Weller has been the acting managing director and head of FX at Sberbank CIB since 2009, out of Moscow. Despite leaving the bank, he maintains at the present no plans to pursue any future roles within the industry, snapping a three-decade long stint in FX roles.

Prior to working at Sberbank CIB, Mr. Weller served at Barclays Plc as Managing Director, Head of FX Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) between 2004 and 2009. This was preceded by a stint at Lehman Brothers as its Global Head of FX Spot & Forward Trading, dating back to 1997.