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CEO of world's fifth largest Tier 1 FX dealer quits after short stint despite FinTech revolution
The massive might and trade execution prowess that has kept the large Tier 1 financial institutions in their top slot may well be signified by the longevity and stability of their corporate structure, thus leadership tends to be of a very long term nature. Banks in Canary Wharf, responsible collectively for over 65% of all global FX order flow, are historic institutions with vast resources, large scale in-house technology and trading system divisions, and often employ lengthy, consultation and due diligence-heavy, publicly approved and very expensive procedures when electing a new CEO. Indeed, the CEO of a top level ... (full story)