Rick Sears has been appointed chief operating officer for FX at Barclays Capital. He takes the seat of Sean Comer who left the clearer for Deutsche late last year.
Sears will be based in London and will report to Ivan Ritossa, the banks global head of FX who is based in Singapore.
Sears was previously president of the doomed FX platform/CCP, FXMarketSpace, which readers may remember the weeklyFiX occasionally covered. Before the CME/Reuters joint-venture, Sears had been global head of FX products at the CME and before that managing director in global FX at Bank of America.