Lloyds Bank Corporate Markets has boosted its foreign exchange expertise with the appointments of Paul Bernasconi to the newly-created role of Director, Foreign Exchange Institutional Sales, and Nathan Pederson to the newly-created role of Director, Forward Foreign Exchange Trading.
The two hires are in line with the company’s strategic aim of building a competitive and sustainable global foreign exchange business.
Mr Bernasconi will be responsible for developing and delivering core foreign exchange products and services to financial institutions in Australia and New Zealand.
A foreign exchange specialist for more than 20 years, Paul joins Lloyds Bank Corporate Markets from UBS Investment Bank where he was Head of Foreign Exchange Institutional Sales. Before joining UBS, he was Head of Foreign Exchange Investor Sales at ANZ Investment Bank (Sydney) and held business development roles with ABN AMRO Australia and Lehman Brothers in Tokyo. Prior to that Paul was Vice President of Foreign Exchange at AIG International in Hong Kong and London.
Lloyds Bank Corporate Market’s Head of Sales (Australia), Diana Lollato praised Mr Bernasconi’s track record in foreign exchange. “Paul brings a wealth of experience to the team. We are all confident that his knowledge and expertise will strengthen our relationships with existing clients and pave the way for new opportunities. We’re incredibly fortunate to have him in the team,” she said.
Paul started at on 9 July 2012. He has dual reporting lines to Diana Lollato, Head of Sales in Australia and to Robert Garwood, Global Head of Foreign Exchange Sales for Lloyds Bank in the UK.
Mr Pederson will lead the forward foreign exchange and short-term interest rates (STIR) business in the Asia Pacific region.
Nathan has close to 15 years’ experience across the foreign exchange and interest rates markets. In his most recent role, he worked for UBS Investment Bank as the Head of Asia Pacific STIR Trading based in Singapore and Hong Kong. Before that, he was a Senior STIR Trader for UBS based in Zurich.
Nathan started at Lloyds Bank Corporate Markets on 16 July 2012. He reports to Michael Peric, Head of Trading in Australia.
Lloyds Bank Corporate Market’s Head of Trading (Australia), Michael Peric, said: “Nathan’s international experience across foreign exchange and interest rate markets is a valuable addition to the Global Markets business based in Sydney. He has a very strong reputation and is well suited to lead the build out of the Asia-Pacific forward foreign exchange and short-term interest rate (STIR) business,” he said.
31 July 2012