The Canadian Imperial Bank of Commerce (CIBC) Capital Markets, one of the ‘Big Five’ banks in Canada, has promoted its long-term executive Glenn Blundell to the position of the Managing Director of Global Markets FX.
“I’m happy to share that I’m starting a new position as Managing Director, Global Markets FX Trading at CIBC Capital Markets!” Blundell wrote in a LinkedIn post.
Based in Toronto, CIBC Capital Markets works with corporations, institutional clients and governments to offer personalized solutions that provide access to capital and enable active investing.
The company has about 50,000 employees who provide access to a wide range of financial services to 10 million customers from 13 locations around the world, including the US, UK, Luxembourg, China and Australia.
Check out the recent London Summit session on “Liquidity Between Retail & Institutional Trading.”
20 Years of Glenn Blundell’s Experience
Blundell has been associated with CIBC Capital Markets since 2003, where he began his career as Senior Manager of Global Network Services for Capital Markets. Prior to that, he worked for KPMG for three years as a Management Consultant but has been with CIBC continuously for 20 last years.
Since 2006, he has served in senior executive positions, being responsible for developing divisions related to card products, process engineering and capital markets risk management
Risk Management
One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent.
One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent.
Read this Term.
In 2015, he became Executive Director of FX e-Trader, then he was promoted to Head of the Global FX e-Trading Desk, and in 2018, he move to Head of e-Sales Desks. Currently, his years of market experience and expertise at CIBC Markets will be used towards the new position of Managing Director of Global Markets FX Trading.
This week Finance Magnates reported on other significant executive moves. State Street hired Andreas Przewloka as the President of its subsidiary SSBI. He replaces Stefan Gmuer, who recently retired.
Meanwhile, eToro has promoted Meron Shani, the former Vice President of Finance, to the position of Chief Financial Officer, where she replaces Shalom Berkovitz. She has 23 years of experience in the world of finance.
The Canadian Imperial Bank of Commerce (CIBC) Capital Markets, one of the ‘Big Five’ banks in Canada, has promoted its long-term executive Glenn Blundell to the position of the Managing Director of Global Markets FX.
“I’m happy to share that I’m starting a new position as Managing Director, Global Markets FX Trading at CIBC Capital Markets!” Blundell wrote in a LinkedIn post.
Based in Toronto, CIBC Capital Markets works with corporations, institutional clients and governments to offer personalized solutions that provide access to capital and enable active investing.
The company has about 50,000 employees who provide access to a wide range of financial services to 10 million customers from 13 locations around the world, including the US, UK, Luxembourg, China and Australia.
Check out the recent London Summit session on “Liquidity Between Retail & Institutional Trading.”
20 Years of Glenn Blundell’s Experience
Blundell has been associated with CIBC Capital Markets since 2003, where he began his career as Senior Manager of Global Network Services for Capital Markets. Prior to that, he worked for KPMG for three years as a Management Consultant but has been with CIBC continuously for 20 last years.
Since 2006, he has served in senior executive positions, being responsible for developing divisions related to card products, process engineering and capital markets risk management
Risk Management
One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent.
One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent.
Read this Term.
In 2015, he became Executive Director of FX e-Trader, then he was promoted to Head of the Global FX e-Trading Desk, and in 2018, he move to Head of e-Sales Desks. Currently, his years of market experience and expertise at CIBC Markets will be used towards the new position of Managing Director of Global Markets FX Trading.
This week Finance Magnates reported on other significant executive moves. State Street hired Andreas Przewloka as the President of its subsidiary SSBI. He replaces Stefan Gmuer, who recently retired.
Meanwhile, eToro has promoted Meron Shani, the former Vice President of Finance, to the position of Chief Financial Officer, where she replaces Shalom Berkovitz. She has 23 years of experience in the world of finance.
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