Tag: People

  • Citadel Securities’ head of electronic FX departs

    Citadel Securities’ head of electronic FX departs


    Kevin Kimmel, the global head of electronic foreign exchange at Citadel Securities, has left the firm, according to sources familiar with the matter.

    Kimmel leaves after 11 years at Citadel. Most recently, he ran the firm’s currency trading business, which ranks as a top three market maker across major spot and futures venues. Kimmel was based in New York.

    Risk.net understands Kimmel left for personal reasons. A successor is yet to be announced.

    As head of Citadel’s electronic FX business, Kimmel

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  • More forecasts for People’s Bank of China rate cuts flowing out of China

    More forecasts for People’s Bank of China rate cuts flowing out of China


    The People’s Bank of China is expected to cut rates amidst the escalating Trump trade war. Earlier:

    China to step up stimulus, PBOC eyes rate and RRR cuts in Q2

    China may cut interest rates and the reserve requirement ratio (RRR) if the trade war with the United States begins to significantly weigh on economic growth, according to Financial News, a publication backed by the People’s Bank of China (PBoC). The report cited former PBoC adviser Yu Yongding, who warned that escalating trade tensions could warrant stronger policy support.

    Separately, Shanghai Securities News reported that China is preparing to roll out additional monetary easing measures, including stepped-up counter-cyclical policy adjustments. The government is expected to implement a range of tools to stabilise growth and manage risks as external headwinds mount.

    The coordinated messaging appears to underscore Beijing’s willingness to respond proactively should trade disruptions further strain the domestic economy.



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  • HSBC appoints Benihasim as global FX head

    HSBC appoints Benihasim as global FX head


    Volkan Benihasim has been named global head of foreign exchange, emerging markets rates and commodities at HSBC.

    Benihasim takes over from Richard Bibbey, who has relocated from Hong Kong to London to become global head of institution sales in the markets and securities services division. Benihasim was previously global head of FX cash and emerging markets rates in Hong Kong, and will remain in the city-state in his new role.

    According to an internal HSBC memo seen by FX Markets, he will look to

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