Gottex Brokers, the interdealer broker in interest rate derivative products and a specialist in Swiss interest rate derivatives, has opened a London office focusing on agency brokerage.
The office, based on London’s Savile Row, will provide credit trading services in structured credits and rates, global high yield and investment grade credits, servicing both existing and new institutional clients in the UK/Europe, the Middle East and around the world. It will also manage relationships with institutional investors such as asset managers, hedge funds, family offices and pension funds.
The opening of the London office is in line with Gottex Brokers’ strategy to expand both its product offering and its geographical coverage. Based in Lausanne, Switzerland and the German city of Munich, Gottex Brokers recently opened an office in the US focusing on the broking of alternative assets.
Raphael Moreno, chief executive officer (CEO) of Gottex Brokers said: “We are delighted to have expanded our offering in London, enabling us to better service our clients and offer them access to the credit markets directly from a regulated centre.”
The London credit team comprises Robert Burns, Abid Hussain and Elka Truchan. Burns joins from Avoca Capital, where he was director of sales and marketing, with over 20 years’ experience in sales, trading and asset management. Hussain joins from Kleinwort Benson where he was head of high-yield fixed Income. He was previously at Citigroup, where he traded high-yield and investment grade credit. Truchan joins from Vyapar Capital Market Partners, where she was director, e-commerce and sales. Prior to that, she worked for Phoenix Partners and HSBC.
To optimise global coverage part of the team comprising of Dr Patrick Knaus and Frederic Vibert will be based in Lausanne. Dr Knaus joins from UBS, where he was most recently executive director of the rates and structured notes department, heading trading desks in Europe and Asia. Vibert joins from the agency brokerage of GFI Group, where he was head of fixed income and foreign exchange (FX) for Europe and Middle East. He previously worked in sales and trading with Newedge in London and Dubai.
The London office of Gottex Brokers is a subsidiary of the BaFin-regulated Gottex GmbH Munich and is regulated by UK watchdog the Financial Conduct Authority (FCA).
Far and away, the largest financial market on the planet is the foreign exchange currencies market, where on average individuals and organisations trade more than $5 trillion daily. In the FX world, the ability to master the market isn't considered a luxury for treasury officers–it's a necessity.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.