LMAX Group is gearing up for an expansion in Eastern Europe and the Nordics through strategic appointments. The group has appointed Andre Severi as the Managing Director and Head of EMEA Sales.
Severi started his career in 1992 at Crédit Agricole where he served as a Senior FX Trader VP in Paris and New York, according to his LinkedIn profile. His journey continued with a 13-year stint at State Street where he contributed to the company's FX sales strategies and client relations across Europe and the Middle East.
In 2014, Severi joined RBC Capital Markets. He held key positions such as Managing Director, Head of Europe Institutional FX Sales, and Central Banks. Additionally, he served as the Managing Director Head of Institutional and Hedge Fund FX Sales in North America, based in Toronto, Canada.
Before joining LMAX, Severi held the position of Managing Director at Cürex Group Holdings, LLC, contributing to the company's growth from September 2017 to November 2023.
LMAX Boosts Forex Operations
Severi assumed his new role at LMAX Group amidst the company's acquisition of Cürex's foreign FX operations. Cürex is a New York-based entity specializing in institutional forex execution and data analytics. This collaboration aims to provide diversified institutional FX services encompassing execution venues, market data, and trade analytics.
Founded in 2009, Cürex's affiliation with banks is anticipated to complement LMAX Group's existing client base in the FX division, fostering a robust and comprehensive service for global banks.
FX Expansion and US Market Push
LMAX Group's announcement of the agreement to acquire the FX business of Cürex unfolded as a strategic step to strengthen its position in institutional FX execution services and data analytics . The company aims to bolster LMAX's institutional FX offerings and accelerate its growth in the US.
James Singleton, the Former CEO of Cürex, expressed confidence in the combined organizations achieving great success under the leadership of LMAX Group. The group's existing institutional client base comprises the top 40 global banks and non-bank institutions.
