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.
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.