UBS Promotes Stephane Targui to Co-Head Role of FRC

Stephane Targui, a professional within the 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 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) industry with two decades worth of experience, has been promoted to co-head of FX, rates and credit (FRC) Asia sales, banks and corporates at UBS, Finance Magnates has learned.

According to his LinkedIn profile, Targui commenced the new position in May of this year. He was promoted from the position of FRC Distribution, Institutional & Hedge Fund Coverage.

Targui originally joined the Swiss multinational firm in 2015, joining as an executive director based in Singapore. In his new position, he will also be based in Singapore.

During his 20-year long career, Targui has held a number of roles at notable banks and financial firms. Before he was at UBS, he was the head of Asia Pacific (APAC) sales for forex at Jefferies.

Stephane Targui’s Career Before UBS

Targui was employed at Jefferies for two years and four months, from March 2013 until June 2015, his LinkedIn states. Again, he worked for the company in Singapore, and he also held the title of Senior Vice President.

Prior to his stint with Jefferies, Targui worked in fixed-income, currency, commodities and financial institutions sales at Goldman Sachs for a period of three years, according to his LinkedIn profile.

In 1999, Targui started his career in the forex industry at BNP Paribas in Paris. Initially, he joined the firm as an FX Options Trader. After three years, he went on to work in fixed-income and FX sales for France. After six years with BNP Paribas, he left in 2005.

From the French multinational banking group, Targui moved onto the Royal Bank of Scotland, commonly referred to by its acronym - RBS. According to his LinkedIn, he joined the company in February of 2006 until November of 2009. While here, he was head of French fixed-income and FX sales.

Between 1992 until 1995, Targui studied at the Ecole Supérieure de Commerce de Compiegne. This translates to the Higher School of Commerce of Compiegne. Here he studied Finance.