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MUFG has upgraded one of its top employees to head of flow FX sales in Europe and Asia within its global markets business division. In 2016, Stephane Alex began working for MUFG in London, where he served as head of global customer marketing for the past five years.
For 15 years, he worked at Bank of America Merrill Lynch in key FX positions including vice president of FX global market sales and head of EMEA FX corporate sales. In the past, Alex worked as an FX sales associate at Societe Generale and as a vice president in FX sales at Dresdner Kleinwort Wasserstein.
“With over 20 years of FX corporate sales experience and deep relationships with European clients, he is well-positioned to help us strengthen our FX business in Asia and further intermediate cross-border opportunities between the two regions,” said MUFG in an update on social media.
Following the appointment of fixed income sector expert George Concalves as head of US macro strategy as part of MUFG’s macro development plan, Alex’s appointment marks the third new senior appointment in the company’s team. Randall Chafetz, the bank’s deputy chief executive, was appointed to vice chairman and is now in charge of worldwide corporate and investment banking. MUFG and Coinbase partnered to launch Coinbase’s platform in Japan last month. Clients who want to trade on Coinbase’s platform in the region will be able to deposit money using MUFG. Initially, five digital assets will be accessible for trade, with intentions to add an institutional offering and advanced trading capabilities later.