LSEG Hires Paul Beatty as Director of Bank Relationships (Capital Markets)

The London Stock Exchange Group (LON: LSEG), which operates the largest stock bourse in the UK, has hired Paul Beatty Jr. as the Director of Bank Relationships for Capital Markets. According to his Linkedin profile, he is based in New York and assumed the new role earlier this month.

Beatty describes himself as an "accomplished, result-oriented Senior Sales Executive with a proven ability to lead, develop, and manage sales teams." He worked with several financial services giants over his long career in the industry.

Extensive Industry Experience

He joined LSEG from FlexTrade where he was the Director of FX and Crypto. He joined that company in April 2020 and spent two years and eight months there. Before that, he was the Managing Director at Spotex between December 2018 and April 2020. Spotex launched in 2014 with FX ECN-based technology built specifically to address existing systems' shortcomings and provide new opportunities for market participants.

Additionally, he was a Business Advisor at TP ICAP for nine months before joining Spotex. On top of that, he spent 17 years at Bloomberg, separating in May 2017 as the Global Managing Director of Tradebook FX.

He designed and managed the global sales force for Bloomberg Tradebook FX and launched the first electronic anonymous FX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term inside the Bloomberg ecosystem via a prime brokerage model with Bank of America Merril Lynch acting as the centralized Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term. He developed sales and marketing strategies for financial institutions to facilitate product and goal achievements. However, Bloomberg Tradebook confirmed the closure of its anonymous FX ECN in 2017 to concentrate on dealer-to-client (D2C) FX.

Meanwhile, the LSEG witnessed robust growth across key business segments in the first half of 2022. The group's total income, including recoveries, for the period, came in at over £3.7 billion, with the gross profit touching £3.2 billion compared to £2.6 billion in the first half of 2021.