John Estrada, a seasoned veteran of the financial markets with a 12-year tenure in 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 (FX) division of the global investment bank Credit Suisse, has recently transitioned to Societe Generale, where he will serve as the Global Head of FX.

From Lehman Brothers to Societe Generale

Estrada began his career over twenty years ago, not in financial markets, but as a laboratory researcher. In 2007, he moved to Lehman Brothers, where he worked as a Quant Developer and Trader.

The financial crisis and the collapse of the bank forced him to seek other opportunities, and since 2009, he has been associated with the London FX industry. He started as an eFX Trader at BNP Paribas and moved to Credit Suisse as the Global Head of eFX Trading in 2011.

For the next 12 years, he was associated with the bank where he spent the last year working as the Global Head of FX. According to his LinkedIn profile, he was employed in the same position by Societe Generale in March 2024.

He had informed about leaving Credit Suisse in November 2023.

Industry Personnel Shifts Continue

The financial sector is witnessing a series of significant personnel changes beyond Estrada's recent move. Last Friday marked a pivotal moment for SIX, as David Brupbacher is slated to take on the responsibilities of Head of IT and join the Executive Board, effective July 1, 2024. Brupbacher's selection is a testament to his extensive experience and proven success in managing IT infrastructure within the realm of financial services.

Just a day before Brupbacher's announcement, Fireblocks, a leading enterprise platform dedicated to managing digital assets and blockchain innovation, revealed Michal Ferguson as its newly appointed Chief Marketing Officer.

Earlier in the same week, Mark Durrant took to LinkedIn to announce his new role at Advertrader, stepping in as the company's Chief Revenue Officer. Advertrader, known for its technological platform that generates qualified leads for media sales teams across the globe, aims to leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Durrant's appointment to bolster its market presence and operational efficiency.