Head of GAIN's Institutional Sales Business - EMEA, Peter Cronin Leaves GTX

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 Magnates has learned that the Managing Director and Head of EMEA GTX Sales, Peter Cronin is parting ways with GAIN Capital. This is the second executive to leave GTX recently including Mr. Cronin's boss.

Mr. Cronin was hired only in August of last year to manage the growing GTX, GAIN Capital’s institutional business, in Europe, the Middle East and Africa, and reported directly to the now former Executive Vice President and Head of GTX, Joseph Wald, who also left the company at about the same time.

Previous to joining GAIN Capital, Mr. Cronin worked as the Head of EMEX e-Commerce at UBS Investment Bank, as part of a 13-year career at the Swiss investment bank.

On his LinkedIn profile Mr. Cronin describes his achievements at GAIN Capital as: "Grew market share and market perception for Gain GTX by acquiring key clients throughout EMEA, including Banks, HFs, AMs and HNWI, as well as representing Gain at market events." He also mentions that he is now looking for a new opportunity.