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BGC, a leading inter-dealer brokerage firm providing integrated voice and electronic services to wholesale fixed income, interest rate, foreign exchange and derivatives markets worldwide, announced today that Rob Sutton has been promoted to a new position as Managing Director and Global Head of US Dollar Interest Rate Swaps.
Based in New York, Mr Sutton will be responsible for all the voice and electronic trading of US dollar interest rate swaps worldwide. He will report to Robin Clark, Executive Managing Director, BGC Derivatives and Rates for the North America and Europe regions and Mark Webster and Mark Spring, Co-Executive Managing Directors for Asia. In Sydney, Mr Sutton’s current responsibilities will be overseen by Mark Webster and Mark Spring.
Mr Sutton has over 14 years’ experience in financial markets and has been with BGC since November 2005. Prior to this, he worked for seven years as an interest rate derivatives trader at the Royal Bank of Scotland.
Commenting on the appointment, Shaun Lynn, President of BGC, said, “The role has been specially created as a response to the significant growth of BGC’s IRS business. Rob has excelled and will now oversee all voice and electronic trading in these products worldwide and co-ordinate the expansion and development of our offering in line with the development of the IRS markets themselves.”
Mr Sutton said, “This is a tremendous opportunity to develop BGC’s interest rate swaps business on a global basis. It reflects the rapid growth of these markets and our view that, given this market environment, a global head will be able to ensure clients receive the best possible price discovery, execution and settlement available.”
