Barclays Strengthens G10 FX Trading with Key Appointments of Torsten Schöneborn and Jerry Minier

Barclays Strengthens G10 FX Trading with Key Appointments of Torsten Schöneborn and Jerry Minier

(IN BRIEF) Barclays has appointed Torsten Schöneborn and Jerry Minier as Co-Heads of G10 FX Trading. Torsten brings over 15 years of experience, previously serving in key roles at BNP Paribas and Deutsche Bank. Jerry, with more than 18 years of experience, was previously Global Head of FX Options Trading at Barclays. They will work alongside technologists, quants, and sales and trading teams to enhance technology platforms and strengthen Barclays’ position in the G10 FX Trading market. Both Torsten and Jerry will report to Michael Lublinsky, Global Head of Macro, and will be based in London.

(PRESS RELEASE) LONDON, 27-Jun-2023 — /EuropaWire/ — Barclays (LON: BARC), a British multinational universal bank, is pleased to announce the appointment of Torsten Schöneborn and Jerry Minier as Co-Heads of G10 FX Trading.

Torsten Schöneborn brings over 15 years of experience to Barclays, having previously served as Global Head of Electronic Platform and Global Head of Quant Prime Broking at BNP Paribas. Prior to that, he held various positions at Deutsche Bank, including Global Co-Head of Electronic Equities and Head of eFX Spot Quant Trading.

Jerry Minier, who joined Barclays in 2020, has been appointed to this expanded role after serving as Global Head of FX Options Trading. With more than 18 years of experience in the FX markets, Jerry has held FX Options roles in New York, London, and Hong Kong, including at Goldman Sachs.

In their new roles, Torsten and Jerry will collaborate with technologists, quants, sales, and trading teams to drive the delivery of cutting-edge technology and infrastructure platforms to Barclays clients. Their expertise and leadership will further strengthen Barclays’ market position in the G10 FX Trading space.

Both Torsten and Jerry will be based in London and will report to Michael Lublinsky, Global Head of Macro at Barclays.

Commenting on the appointments, Michael Lublinsky, Global Head of Macro, said:

“We have made great progress growing our Global Macro business and remain relentlessly focused on the areas where we can be consistently excellent. FX is one of our historic strengths and Torsten and Jerry’s expertise will help us execute our next set of priorities as we continue to invest and build best in class platforms and solutions for our clients.”

Notes for Editors               

• Barclays is continually investing in its market-leading Global Macro platform, a long-standing strength of the bank. Torsten marks the sixth recent senior hire, including:

1. Igor Cashyn, Head of USD Inflation, from JP Morgan, joining July 2023
2. Guy Winkworth, Head of Sterling Products & Euro Inflation, from Deutsche Bank, joining August 2023
3. Carl Scott, Head of EMEA Rates Trading and Global Head of CRT, from Citadel Securities in June 2022
4. Hamza Hoummady, Head of EMEA Non Linear, from Goldman Sachs in 2022
5. Dan Orlando, Head of US Rates Trading, from Deutsche Bank in September 2022

• The bank also recently announced internal promotions in Macro, including:

1. Yun Zhang, appointed Head of Macro Trading, Asia Pacific, in addition to Global Head of MTN & Structured Notes Trading and Global Co-Head of Hybrids Trading, May 2023
2. Kristen Macleod, appointed Head of US Macro Distribution, in addition to Co-Head of Global FX Distribution, February 2023

• Barclays is consistently delivering on its Global Markets strategy. With a strategy grounded in delivery for clients and with several pods of excellence including FICC, Global Markets is delivering strong and sustainable results through the cycle, challenging and competing in the top 5:
• At FY 2022 Global Markets income increased 38% representing the best full year for both Global Markets and FICC on a comparable basis* (* Period covering 2014-2016. Pre 2014 data was not restated following re-segmentation in 2016).
• At Q1 2023 Barclays CIB reported its best Q1 income on a comparable basis**, in which FICC income increased 9% (** On a comparable basis, period covering 2014-Q123. Pre 2014 data was not restated following re-segmentation in 2016).

About Barclays

Barclays Corporate and Investment Bank is comprised of the Investment Banking, International Corporate Banking, Global Markets and Research businesses. It provides money managers, financial institutions, governments, supranational organisations and corporate clients with services and advice for their funding, financing, strategic and risk management needs. For further information about Barclays Corporate and Investment Bank, please visit our website www.cib.barclays.

Media contact:
ukpressoffice@barclays.com

SOURCE: Barclays