Edgewater hires Andres Cifuentes to lead liquidity business in FX, NDF, and metals

Rick Steves

“I look forward to bringing our impressive and diverse roster of clients – ranging from banks and brokers to vendors and ECNs – unprecedented access to liquidity across global markets and asset classes.”

Edgewater Markets has appointed Andres Cifuentes as Global Head of Liquidity of the provider of technology, trade execution and liquidity aggregation across foreign exchange (FX) and precious metals.

Andres Cifuentes will lead Edgewater’s global FX, non-deliverable forward (NDF), and precious metals liquidity group globally as well as support the firm’s expansion into new asset classes.

“Unprecedented access to liquidity across global markets and asset classes”

Based at the firm’s Connecticut headquarters, Andres Cifuentes brings to Edgewater close to twenty years of experience in financial markets, having held senior roles in liquidity management and prime brokerage at custody firms, exchanges, and bulge-bracket banks.

He joins Edgewater Markets from BitGo, where he was Head of Electronic Trading and led the development of the firm’s prime brokerage for the crypto market.

Other past roles include leading positions such as Director of FX Sales at Cboe Global Markets, Vice President of FX Prime Brokerage at Morgan Stanley, and senior roles at JP Morgan and Goldman Sachs.

Andres Cifuentes as Global Head of Liquidity at Edgewater Markets, said: “I’m excited to be joining Edgewater during a time of tremendous global expansion. I have worked closely with the Edgewater team for many years, and long appreciated the unique blend of cutting-edge technology and regional expertise that sets them apart. I look forward to bringing our impressive and diverse roster of clients – ranging from banks and brokers to vendors and ECNs – unprecedented access to liquidity across global markets and asset classes.”

Matt Kassel, Chief Operating Officer at Edgewater, commented: “Andres joins Edgewater at a moment when technology is transforming FX markets globally, and we are continuing to expand our leadership team to meet global demand. We’ve built robust liquidity teams locally around the world, and as Edgewater continues to expand, Andres will be leading the charge to integrate our processes to best serve our clients everywhere. Andres’ extensive experience at the world’s top financial firms, and his deep background in tech and FX, make him the perfect person to lead this mission.”

Edgewater expands further into LATAM and APAC

The new Global Head of Liquidity was appointed at a time of significant growth for Edgewater as the firm makes moves in the LATAM region and Asia Pacific.

Last week, Edgewater hired Chan Chong San as Managing Director of APAC to lead the firm’s Singapore office, supporting continued investment and growth in the region.

Earlier this year, the firm opened an office in Sao Paulo, Brazil, and made key senior hires there. Industry veteran Charles Achoa will run the São Paulo office.

These new hires come on the heels of the firm’s 2022 expansion of its data center footprint to include Equinix Singapore SG1, and its adding capacity and redundancy to its presence at TY3 Equinix Tokyo.

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