New HSBC CEO, Revolut CFO and More: Executives on the Move

With the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term dominating the industry news, there were plenty of executives moves that may have slipped under the radar. Here are this week's highlights:

DAG Global Hires Tim Davies as CRO

As DAG Global eyes a UK banking license, the company announced on Monday the appointment of Tim Davies as its new chief risk officer (CRO). Read more on Tim's role with DAG Global here

Georges Laurchard Joins Euronext as COO

After 20 years with JPMorgan, Georges Lauchard became Chief Operating Officer and Member of the Managing Board at Euronext in Paris. George spent two decades at the bank in London and Hong Kong, holding numerous leadership roles. Lauchard will oversee Euronext's operational strategy policies, and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, Read more on the Lauchard appointment here.

GMO Click Securities Appoints Oda Hiroyuki as a Director

Oda Hiroyuki has been appointed as a director, effective from the 17th of March, 2020. At the same time, Shuji Takano, a managing director of the firm, will be retiring from his position. Hiroyuki has been with the Group since October of 2006. Takano is leaving the position of managing director because his term has expired Read more on the GMO Click Securities executive moves here.

HSBC Names Company Veteran Noel Quinn as Group CEO

The interim CEO since August of last year, Noel Quinn, was officially appointed to the role of Group Chief Executive Officer (CEO) by HSBC Holdings. Quinn was previously the CEO of HSBC's Global Commercial Banking unit, a role he had held since 2015. However, in total, Quinn has worked 33 years with the firm. Read more on the Noel Quinn HSBC appointment here.

Bill Rattray Becomes Interim CFO at Revolut

The former CFO of Standard Life Aberdeen has taken up a new role as interim Chief Financial Officer at Revolut, replacing David MacLean. Bill Rattray left Standard Life Aberdeen last year, announcing his departure the same day, as his boss and friend Gilbert stepped down as co-chief executive to become Revolut's first chairman. MacLean will remain with Revolut on a project basis until summer. Read more on the Rattray Revolut appointment here.

SIX Digital Exchange Appoints Tim Grant as Head of Business

SIX Digital Exchange (SDX) announced this week that it had appointed Tim Grant as its new Head of Business. The company revealed on Wednesday that Grant has been recruited by SDX to drive the firm's next phase of growth and comes with more than two decades worth of experience in technology and management. Read more on the Tim Grant appointment here.

IG Group Appoints Helen Stevenson as a Non-Executive Director

The IG Group announced a series of changes to its Board of Directors. Helen Stevenson has been appointed as a Non-Executive Director of the company. IG Group also revealed that it received notice from Stephen Hill on Wednesday of his intention to retire as a Non-Executive Director. He has been a member of the Board for nine years. Read more on the IG Group executive moves here.

Standard Chartered Appoints Phil Rivett to its Board of Directors

Standard Chartered has appointed Phil Rivett to its Board of Directors, the firm announced this week. Rivett brings with him more than 40 years' experience in a number of senior positions at PricewaterhouseCoopers (PWC). Read more on the Rivett Standard Chartered appointment here.