Credit Agricole Promotes Stefan Hamberger to Head E-FX Business

Credit Agricole has promoted Stefan Hamberger, who has been with its electron FX business since 2016, to take on an expanded role as its Managing Director and Global Head of eFX. According to information made public on his Linkedin profile, Hamberger has assumed “global responsibility for the “eFX” business” at Crédit Agricole CIB.

Crédit Agricole CIB is the corporate and investment banking arm of the Credit Agricole Group, the world’s eleventh largest bank by total assets. The bank offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking.

In his new role, Hamberger will remain based out of London, focusing on developing Credit Agricole’s eFX product lineup as well as its infrastructure.

A lengthy career with banking FX business

Hamberger joined Credit Agricole three years ago, coming from Commerzbank, following nearly a decade with the group. He worked out of Commerzbank’s Frankfurt office since 2006, where he held a number of executive-level roles, including his last position as the head of e-Fic. Prior to this, he was also the global head of FX bank sales and FX e-commerce sales.

Additional stops also include BNP Paribas, where he staffed the FX sales desk, part of a lengthy career extending back to 1995.

Hamberger’s promotion is the first executive move since last month when FX veteran Jesse Bass joined the Paris-based lender as a senior trader for emerging markets FX and rates. Bass has landed at Credit Agricole after ending an 11-year-tenure at Standard Chartered Bank, where he most recently served as was Executive Director of emerging markets 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 and rates trading.

Despite the recent additions, Credit Agricole has a notable void in its FX operations following the abrupt departure of Andrew Soper, the global head of foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (forex) options trading, after nearly two years at the bank.