John Fay has been named Global Head of the firm's FICC Business Line (Fixed Income, Currencies and Commodities). John has been Acting Head of FICC since October 2010, while also serving in a dual role as Head of the Americas Region. John joined Newedge in December 2009 after serving as Co-CEO and Co-President of Instinet. He also previously held senior level positions with Goldman Sachs and Morgan Stanley Dean Witter.
Newedge also announced that Bill Sexton has joined the firm in New York as Head of the Americas Region, taking over John Fay's previous permanent role. Bill will also serve as Chief Executive Officer for Newedge USA, LLC. He joins from Erris Capital Advisors where he served as President. He has an extensive financial industry background including positions with Refco, NYBOT/NYCE, Chase, Spear Leads & Kellogg, and Daiwa Securities.
"I am pleased to appoint John as Head of FICC on a permanent basis, and welcome Bill as Head of Americas," said Nicolas Breteau, CEO of Newedge. "John has already demonstrated strong leadership in his tenure with Newedge by hiring talented people in the Americas and running a profitable region. Now we also look forward to Bill sharing with us his extensive industry experience as we gear up for the implementation of Dodd Frank and continuing our leadership position in the industry."
Newedge (newedge.com), a 50/50 joint venture between Société Générale and Crédit Agricole CIB, is a major force in global multi- asset brokerage business, with a world-leading position in the execution and clearing of listed derivative products. With a presence in more than 20 locations in 16 countries, Newedge offers a full range of clearing and execution services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities, and commodities on OTC markets. Newedge provides a range of value added services, including prime brokerage, asset financing, an electronic platform for trading and order routing, cross margining, and the centralized reporting of client portfolios. Newedge, which primarily serves institutional clients, provides access to more than 85 exchanges. Newedge's 3,000+ employees form a close-knit, multinational team that can innovatively respond to its clients in fast-moving markets. (050511N10)
Siobhan Janaway, +44 207 676 8051, siobhan.janaway[.]newedgegroup.com
Bill Ferri, +1 212 754 5428, bferri[.]intermarket.com Emily Ahearn, +1 212 909 4781, eahearn[.]intermarket.com
PR Asia: Damien Ryan, +852 6302 6922, damien[.]ryanfin.com.