Goldman Sachs Rehires Adam Iqbal as Managing Director for FX Exotics

Goldman Sachs has rehired one of its former executive directors, Adam Iqbal, as a managing director. According to information on his LinkedIn profile, Iqbal will be 'Global Head of FX Exotics and Correlation Trading', starting from this month.

Iqbal entered the 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 world in 2010 and has since spent his career holding a suite of senior positions in the industry.

He first joined Goldman in 2014. During his time at the American multinational bank, he was a forex options trader, executive director and head of Europe, Middle East and Asia for G10 flow.

In November last year, Iqbal moved to PIMCO, a fixed income investment management firm. Here he was a portfolio manager for forex Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term until August this year. Now, Iqbal is moving back to Goldman Sachs where he will be based in London. His reasons for leaving the investment management company are unclear.

The appointment isn't overly surprising as the firm has shown that it isn't adverse to rehiring former employees. In April this year, the company rehired Nicola Garrood from RBC as Managing Director. She joined the firm's equities compliance team in London.

Adam Iqbal’s career prior to Goldman Sachs

Back in 2010, Iqbal launched his career in the forex industry with the British investment bank, Barclays. He started off with the bank as 'FX Vanilla and Exotic Options Trader'. In February 2013 he was promoted to Vice President. He worked in this position until he moved onto Goldman Sachs in June 2014.

Iqbal studied at the University of Cambridge from 2001 to 2005. Majoring in physics, he graduated with a Masters of Science and a Bachelor of Arts. In the following year, he attended the University of Oxford where he achieved a Masters of Science for Mathematics.

However, his educational career didn’t end there - he went on to gain a PhD in Financial Mathematics and Financial Economics from Imperial College London in 2010.