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JPMorgan appoints Choussy as new global head of FX clearing

JPMorgan has appointed Andrés Choussy as global head of FX clearing, in a newly created position at the firm, sources tell EuromoneyFXNews. He was previously head of North America CDS clearing.

The position will incorporate responsibility for JPMorgan’s FX prime brokerage unit, which until this week was headed up globally by Peter Klein, based in London. JPMorgan has created the role to fully address new challenges and opportunities created by regulatory reform. Klein is expected to be redeployed within the bank, sources tell euromoney.

He was appointed global head of FX prime brokerage in July 2009, having previously been the head of Saxo Bank’s London office. JPMorgan declined to comment.

Separately, Martin Bradford, from Morgan Stanley’s FX prime brokerage unit, has left the firm. He was an executive director responsible for marketing. Morgan Stanley declined to comment on his departure.