Exclusive: Anthony Mazzarese jumps from FXCM to Jefferies as SVP FX Prime Brokerage

LeapRate Exclusive… LeapRate has learned that Anthony Mazzarese has made the jump from the FXCM Pro division of Global Brokerage Inc (NASDAQ:GLBR) to investment bank Jefferies LLC, joining Jefferies as SVP FX Prime Brokerage.

Anthony Mazzarese, Jefferies

Mr. Mazzarese rejoined FXCM in 2015 following FXCM’s acquisition of CitiFX’s mid-market FX margin business. He helped successfully transitioned the CitiFX margin business to FXCM post acquisition. He also helped develop and distribute FXCM’s Prime-of-Prime offering aimed at high-frequency trading firms looking for market access across multiple venues and counter-parties. Mr. Mazzarese was also involved in distributing FXCM’s eFX & CFD liquidity to retail brokers and institutional customers.

Anthony Mazzarese began his career at FXCM, working there from 2004-2010 in institutional FX sales before joining Citi.

The link between Jefferies and FXCM isn’t a random one. Jefferies is a wholly-owned subsidiary of Leucadia National Corp (NYSE:LUK), which holds a 74% economic interest in FXCM and is effectively calling the shots now at the FXCM operating company.

Jefferies also formally acted as financial adviser to Leucadia when the original $300 million loan was made by Leucadia to FXCM back in January 2015, which generated a $20 million fee for Jefferies for one weekend of work. Jefferies then bought the Faros Trading arm of FXCM for an undisclosed sum.

Read Also: