BarCap, Newedge, Deutsche Bank

PATRA MOVES TO BARCAP

Officials of the investment banking arm of Barclays Bank, Barclays Capital (BarCap), has hired Lakh Patra as head of foreign exchange (FX) IT. He will report to Sameer Jain, head of FX, fixed income exotics and vanilla options and derivative counterparty risk management IT. Patra most recently was global head of rates and FX technology with Bank of America Merrill Lynch.

NEWEDGE PROMOTES TWO EXECUTIVES

Multi-asset brokerage and clearing firm Newedge has appointed Laurent Cunin

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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