Hantec Markets to Launch Institutional Arm, Hires Institutional Gross sales Head
The new head of institutional sales at Hantec Markets
The UK-based brokerage Hantec Markets Restricted has hired Lee Holmes as its Head of Institutional Gross sales and announced plans to introduce Hantec Prime, a foreign exchange and CFDs buying and selling service for institutional traders. The Chief Business Officer of Hantec Markets, Hayel Abu Hamdan, stated in a press release provided to Finance Magnates that the brokerage was looking for a specialist in both retail and institutional foreign exchange as well as CFD buying and selling, and that Holmes was the obvious choice.
Holmes has worked in the foreign currency and derivatives industries for more than 12 years. He has had positions at Wedbush Securities, Zenfinex, ForexVox, INFINOX World, NADclinic, and FXCM. Meanwhile, Abu Hamdan comes to Hantec Markets from Jefferies Bache, where he oversaw the company’s US equity business and has also held significant positions at Vantage and Vantage Join. Last but not least, Matthew Lisle, who was previously ATFX’s Head of Compliance, has been named Chief Compliance Officer and may be located mostly in London.
Hantec Markets CEO Solomon Oladipupo expressed his satisfaction with the latest hires, saying, “We are pleased to welcome Lee, Hayel, and Matt to the Hantec Markets team.” Their vast expertise and experience within the institutional domain will play a pivotal role in the advancement of Hantec Prime and the expansion of our institutional customerele.
At least two brokerages have entered the foreign exchange prime brokerage market in recent months. Wedbush Securities, a California-based company, moved past its traditional securities brokerage, wealth management, and funding banking services last month to enter the FX prime brokerage space. The Sydney-based multi-asset dealer Vantage introduced Vantage Join, its institutional division, in November of the previous year. Vantage Join’s primary goal is to provide liquidity providers to UK businesses and corporations.
