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ON THE MOVE: Northern Trust Hires for FX; RJO Snags Melia

Traders Magazine Online News, February 5, 2019

John D'Antona Jr.

Northern Trust has appointed a head of local markets to its global foreign exchange team as it looks to bolster product, operational and execution expertise in currency trading. The company said that Paul Fyda has joined in New York, working with its FX trading desks in the Americas, Europe, the Middle East and Asia Pacific regions. He will provide support and guidance to in emerging markets to Northern Trustís institutional investor clients globally. Fyda has 20 yearsí experience working in the FX industry, most recently at Brown Brothers Harriman where he focused on emerging market currencies and products.

Paul Fyda

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Justin Gmelich, a longtime executive in Goldman Sachs Group Incís bond trading business, plans to retire from the Wall Street bank in March, according to a memo sent by management last week. Gmelich has been chief operating officer of fixed income, currency and commodities (FICC) trading since 2017, and before that ran credit and mortgage trading. He joined Goldman Sachs in 1998 and became partner in 2004.

Chicago-based R.J. OíBrien & Associates landed Patrick Melia as a Senior Vice President, Commodity Sales, working out of its New York office.† Melia has more than 35 years of experience in energy exploration and in trading, brokering and marketing energy derivatives, including expertise in hedging and risk management strategies. Melia most recently served as Director, Energy Derivatives for Koch Supply & Trading, LP in New York, which he joined in 2005.† Prior to that role, he spent several years as Vice President, Energy Derivatives Brokerage for Man Group, leading the creation of the firmís OTC crude brokerage desk. Previously, Melia was a Senior Trader in Risk Management at Texaco Oil Trading & Transport in White Plains, New York, and an energy derivatives trader at Global Companies in Waltham, Massachusetts. Melia†reports to Joe Raia, who joined RJO last year as Managing Director, Global Commodity Futures.

LAC Group has hired legal industry tech expert Ron Friedmann to fill the newly created executive role of chief knowledge and information officer. Friedmann, a lawyer by training, comes to LAC from consultancy Fireman & Company where he advised law firms, law departments and legal vendors on business-improvement projects, knowledge management and research strategy.

AxiomSL landed David Weber as its new Chief Operating Officer and Chief Financial Officer and the appointment of Eyal Amsalem as Chief Administrative Officer.

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