Ben Parkinson Becomes FX Automation Sales Head at Barclays Subsidiary

Barclays Corporate & Investment Bank has promoted its Managing Director Ben Parkinson to Head of Global Fintech and FX Automation Sales. According to his Linkedin profile, he has already started the position which is based in London.

“I’m happy to share that I’m starting a new position as Managing Director – Head of Global Fintech & FX Automation Sales at Barclays Corporate & Investment Bank!” he wrote on a social media post.

He has broad experience and expertise working in the financial industry. He has worked for Barclays for almost 15 years.
Before commencing the new role, he was employed at the bank as a Managing Director and Head of eFX Distribution & Fintech EME. Originally, he joined the London office of the company in September 2007 as a Director and has since handled various forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term-related businesses.

Parkinson started his career in October 2003, putting his total industry experience at more than 18 years. He joined the financial services firm, HIFX, which was acquired by XE.com, as an Account Executive and moved on after four years when he reached the position of Corporate FX Consultant.

Several Executive Appointments

Headquartered and listed in London, Barclays is one of the major multinational banks. Its subsidiary, Barclays Corporate & Investment Bank, provides large corporate, government and institutional clients with strategic advisory, financing and risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions.

Meanwhile, Barclays is strengthening its presence in the Asian markets with several key appointments. It onboarded Hossein Zaimi last month as the Head of Markets for the Asia Pacific, months after appointing Carrie Chen and Raymond Yu as Co-Heads of Investment Banking, Greater China. Furthermore, the bank replaced its Group Finance Director, Tushar Morzaria with Anna Cross earlier this year.

However, a few compliance lapses by the bank have been flagged by the regulators in recent months. It faced a penalty of £783,800 by the British FCA and another $350,000 by FINRA.