MUFG Investor Services has hired Hans Jacob Feder and Alberto Baptiste as part of the expansion of its foreign exchange (FX) services offering.
Reporting to John Sergides, CEO of MUFG investor services, Feder joins MUFG London office as managing director and global head of FX series.
Feder joins from J.P. Morgan Securities, where his most recent role was managing director, head of FX services execution.
Prior to J.P. Morgan, Feder served as managing director at Deutsche Bank where he led the development of its passive currency overlay product and was the global head of FX trading for Deutsche asset and wealth management.
Meanwhile, Baptiste joins MUFG as executive director and head of FX sales, based in New York. He will report to Michael McCabe, managing director and global head of business development for product and marketing.
Previously, Baptiste worked at BNY Mellon, where he ran the bank’s FX overlay sales function for 11 years.
Commenting on the appointments, Sergides, said: “We are keenly focused on bolstering our FX offering this year, as we have seen a significant increase in demand from asset managers for support in this space.”
“Both Hans Jacob Feder and Alberto Baptiste are familiar with building FX services and bring more than 50 years of combined experience to our team. With their expertise on board, we will continue to elevate our offerings and expand our services to meet the evolving needs of our clients in currency overlay,” he added.
