Julien Mareschal joins BCS Prime Brokerage as Chief Risk Officer in London

Rick Steves

The industry veteran has more than 20 years’ experience in financial risk management and spent 14 years of his career at BNP Paribas.

BCS Prime Brokerage, the UK FCA-regulated arm of Russian independent broker BCS Global Markets, has appointed Julien Mareschal as Chief Risk Officer.

Julien Mareschal’s job is to oversee risk management across multiple business lines and across BCS GM’s entire suite of investment banking solutions.

To better handle that task, he will further develop and lead a robust and comprehensive risk management framework for the firm’s operations.  He will report to Maxim Safonov, co-CEO at BCS Global Markets, and Marina Atavadzhieva, Global Head of Risk, BCS GM.

Maksim Safonov, co-CEO at BCS Global Markets, said: “Risk management is fundamental to BCS GM’s culture of accountability and transparency, and we are pleased to welcome someone of Julien’s proven ability and experience to our growing international business.

“We believe that Julien’s expertise and track record in building and overseeing world-class risk management systems and infrastructure, coupled with his extensive knowledge of our industry, will be a vital cog in helping to take BCS GM to the next level in our growth trajectory.”

The industry veteran has more than 20 years’ experience in financial risk management, including five years at Mediobanca, where he was Head of Risk Management in London.

There, he was responsible for the risk management of the firm’s London capital market activities and alternative asset management, where he developed and implemented the Group’s risk frameworks and policies, including structured transactions, securitizations, arbitrage derivatives pricing of illiquid instruments, and collateral policy.

Prior to that, he spent four years as Senior Risk Manager in the Transaction and Securitisation team at BNP Paribas in London. Other roles include Head of Structured Credit Trading at Heritage Capital UK and Head of ABS Trading at Commerzbank AG (London).

His time at BNP Paribas is divided between 1999-2007 and 2011-2015. His first period at the French bank lasted for nearly ten years and included roles such as DCM origination, ABS syndication and primary trading, and Head of Trading ABS/MBS/CLO trading.

Julien Mareschal joins BCS Prime Brokerage, a subsidiary of a very large indendepent investment bank and brokerage in Russia which maintains a dominant trading position on the Moscow Exchange, with more than 25% of the market share in Equities, Derivatives and FX.

BCS Group has approximately $4,25 billion of Total Assets and $500 million of Total shareholders’ equity. S&P Global Ratings assigned “B+” long-term issuer credit ratings to BrokerCreditService (Cyprus) Limited, BCS Prime Brokerage Limited with a positive outlook.

Read this next

Retail FX

Lion launches multi-currency trading accounts powered by AI

The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors.

Inside View, Interviews

Interview: Stanislav Bunimovich on Finalto’s white label solution

To explore what makes Finalto’s white-label solutions stand out in such an incredibly competitive market, Finalto sat down with its Chief Operating Officer, Stanislav Bunimovich, for an interview. 

Digital Assets

Talos acquired Cloudwall for a better portfolio management system

Cloudwall’s additional expertise in portfolio risk systems further positions Talos at the forefront of portfolio management systems across spot, futures, perps, and options.

Digital Assets

Bybit’s Bitcoin market share explodes, up by 400%

“This milestone is a testament to our sharp trading products and the loyalty of our users. As the industry evolves, Bybit remains at the forefront, ready to set new standards in the crypto trading world.”

Crypto Insider

Why Self-Custody is the Key to Secure Crypto Trading

Crypto trading is fast gaining popularity; as of writing, the total market capitalization stands at $2.3 trillion, double what it was at the onset of the 2021 bull market.

Industry News

UK FCA sues Lee Steven Maggs for FX scam Kube Trading

‘Kube Trading’ allegedly received around £2.67 million for FX trading and concealed significant losses from investors.

Market News

AUD/USD Soars Following Inflation Report

Australia’s CPI surge hints at prolonged tight monetary policy. Watch the Aussie dollar as US economic data looms.

Institutional FX

GCEX reports drop in turnover in 2023 due to crypto winter

“The crypto winter had a huge impact across the industry, and GCEX was no exception. However, in response to the decline in revenue, we have been resilient and adaptive, navigating our costs effectively and diversifying revenue streams such as introducing staking services for institutional and professional clients.”

Institutional FX

FxGrow taps Integral’s SaaS brokerage workflow

“FxGrow’s decision to partner with us is indicative of the growing advantage for brokers to leverage tier-one institutional-grade technology while maintaining control over their own platform. Integral is well-positioned to provide the SaaS solutions that will enable these businesses to better compete in the market.”

<