FXCM Israel Hires New Chamber Trading Head; Other FX Appointments

FXCM Israel has appointed Itzik Noy as the Chamber Trading Head as it seeks to replace Tal Zohar, who unexpectedly left in October.

Mr. Noy’s predecessor, Mr. Zohar joined IG Group in an executive role. As the new Chamber Trading Head, Noy is expected to help grow the company’s footprint in Israel and boost public attitudes towards forex trading.

 “These are challenging times for the trading arenas. I intend to focus on changing the image and reputation of the trading arena field. Owing to the new regulation that was ratified recently, which the Association has supported and will assist in implementing, I am convinced that the public will trust again Forex trading,” said Mr. Noy on his appointment.

Meanwhile, Bank of America Merrill Lynch (BAML) has appointed Peter Jameson to the head of trade in its Global Transaction Services (GTS) unit in its EMEA division.

Recently, in September, the bank laid off Sowen Ng and Doug Horlick, two key FX executives, as it sought to weather FX malpractices investigations by authorities and tough industry times this year.

Mr. Jameson will still work as the co-head of product management within the EMEA region.

Elsewhere, BNP Paribas Securities Services, which is wholly-owned by BNP Paribas SA, has hired Dario Rigert and Corinne Vitte to its business development unit.

Corinne Vitte will be the group Head of Sales for institutional investors. He previously worked at RBC Investor & Treasury Services and Citi. Dario Rigert will serve as Sales Manager for institutional investors, and will directly report to Vitte. Mr. Rigert previously worked at JPMorgan.