Sucden Financial makes several senior level appointments as top talent joins firm

Sucden Financial Limited has today announced new senior management appointments, including two newly created roles which are Managing Director and Group Compliance Officer. Marc Bailey joins as Managing Director, Toby Osborne has been appointed as Finance Director, and Alexander Culley has been promoted to Group Compliance Officer. With over 30 years’ experience in capital markets […]

Sucden Financial Limited has today announced new senior management appointments, including two newly created roles which are Managing Director and Group Compliance Officer. Marc Bailey joins as Managing Director, Toby Osborne has been appointed as Finance Director, and Alexander Culley has been promoted to Group Compliance Officer.

With over 30 years’ experience in capital markets and commodities, Marc Bailey has extensive knowledge and experience of both OTC and exchange traded derivatives.

Toby Osborne_web
Toby Osborne

Mr. Bailey’s past roles include President of Jefferies Bache and prior to that he was Managing Director and Chairman at Bache Commodities Limited. Other tenures include COO and Director of Business Development at Cargill Investor Services, Director of Business Development at the London Stock Exchange, and Executive Director at CIBC. His experience also includes working as a trader on the LIFFE floor and for JP Morgan, as the senior officer responsible for the floor trading team.

Robert James retires after 15 years at Sucden Financial

Toby Osborne takes over from Robert James who retires at the end of October, following 15 years with the company. Toby has extensive knowledge and experience in risk governance and compliance, gained from his previous post as Chief Financial Officer at Czarnikow Group Limited, which he held for seven years and prior to this as Finance Manager and Project Accountant with the firm. Other tenures include roles with Caterpillar Inc, Sterile Theatre Services and Ernst & Young.

Sucden Financial has also promoted Alexander Culley to a new role of Group Compliance Officer. Alex joined Sucden Financial in 2013 and has been the responsible officer for FATCA reporting and is heavily involved in ensuring the firm adheres to the new EMIR regulations concerning derivatives, central counterparties and trade repositories.

Marc Bailey_web
Marc Bailey

His career in compliance began at an equity registration and share dealing business in Ireland before moving to the City of London in 2007, when he joined LME Ring Dealing Member Triland Metals Limited then later Allan Investment Management LLP in 2010, before consulting to various hedge funds.

Michael Overlander, Chief Executive, Sucden Financial Limited today stated

“The appointments mark a new chapter for the firm, positioning the company for its next stage of growth. Marc and Toby will play vital roles in working with me and the other directors at Sucden Financial to manage and further develop our brokerage activities.

“The environment in which we operate will continue to change with greater regulatory obligations. Compliance is a vital part of the business, protecting both our clients and the company, and I am confident that with Alex’s appointment we will continue to ensure we remain fully compliant with all our existing and future regulatory obligations.

“Robert James’ contribution to the company during his time with us has been broad and extensive and we wish him all the best in his retirement.”

Marc Bailey, Managing Director, Sucden Financial Limited said;

“I am delighted to join Sucden Financial. The firm has a strong and established reputation in the commodities and foreign exchange arenas and I am looking forward to drawing on my experience to grow the business further.”

Toby Osborne, Finance Director, Sucden Financial added a comment with regard to his appointment

“I am looking forward to working closely with Michael to ensure that the firm’s business continues to be run in an efficient and compliant fashion, in order to preserve the prudential status of the company and maintain its capital structure for future growth.”

Read this next

Technology

TNS connects to Tel Aviv Stock Exchange (TASE) as market data vendor

“This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”

Executive Moves

Cowen Digital taps ex-Blockchain.com Taylor S. Cable to lead Europe and Asia operation

“Cowen Digital is a pioneer in delivering institutional grade access to the digital asset ecosystem and I am very excited to join the team at this pivotal time to grow our presence in Europe and Asia.”

Industry News

ASIC sues American Express Australia for lack of TMD on credit cards

“ASIC has now taken multiple actions under the design and distribution regime, including issuing over 20 interim stop orders. This regime turned a new page in the regulation of financial products in Australia and is intended to deliver better outcomes for consumers. It is a priority for ASIC to maximize these increased protections and see the long-term benefits of the DDO regime realized.”

Institutional FX

Eurex reports mixed volumes for November 2022

Deutsche Börse’s derivatives-focused exchange, Eurex today said its total traded derivatives contracts grew by 10 percent in November, from 68.6 million to 75.3 million compared to the same month last year.

Digital Assets

AAX’s Nigerian customers storm local office amid withdrawal halt

According to the Nigerian media, angry consumers of the troubled crypto exchange AAX had stormed its local office hoping they can get their money back after the firm halted operations earlier in November.

Digital Assets

As SPAC bubble bursts, Circle terminates its $9 billion merger with Concord

USDC stablecoin issuer, Circle has terminated its planned $9 billion SPAC merger with publicly traded blank-check company Concord Acquisition Corp.

Institutional FX

Integral reports lowest FX volume in two years

Foreign exchange trading volumes dropped in November across Integral’s trading platforms as currency markets saw a relatively quiet period after consecutive months of strong trading activity.

Technology

CDEX: Avelacom announces connectivity to Cboe Europe Derivatives

“We anticipate that many of our customers from Asia will be particularly interested in getting exposure to pan-European products via just one venue, which CEDX offers.”

Retail FX

BUX acquires Spanish Ninety Nine’s retail brokerage unit

“Thanks to this acquisition, Ninety Nine users will have access to a wide range of services provided by BUX, such as investing in Spanish, European and US stocks, ETFs, cryptocurrencies, fractional investing and the BUX Savings Plan.”

<