Sources close to the matter have confirmed that Matthew Avery, incumbent Head of Bank Sales at Integral Development Corporation has accepted a new senior executive position at INTL Fcstone Inc (NASDAQ:INTL)
Mr. Avery was promoted to Head of Bank Sales at Integral Development Corporation in October last year after two years at the company, that move up the corporate ladder having represented his first directorship position.
Having now left Integral Development Corporation, Mr. Avery has accepted his next executive position as Head of eFX Distribution at Intl FC Stone, based in London.
During his two and a half year tenure at Integral Development Corporation from which he resigned on Friday of last week, Mr. Avery held the previous position of Sales and Account Manager, a responsibility that he maintained for two and a half years, which was also his inaugural post at Integral Development Corporation, having joined the company from British electronic trading solutions provider FIXI in April 2012.
Mr. Avery served as Foreign Exchange Specialist at ODL Securities for over five years prior to his post at FIXI. At ODL Securities he was responsible for working closely with the sales team to develop business, monitor customer margin requirements and promote a client focused approach to trading, resulting in increased desk profits.
A three years tenure at Commerzbank preceded Mr. Avery’s position at ODL Securities. At Commerzbank, he spent three years as a Senior FX dealer, during which one of his major achievemnets was to trade CHF and exceed the budget by 40% in the first year in 2001. Mr. Avery then progressed to the yen book, where he quoted interbank and customer business profitably whilst growing the franchise. Developed proprietary trading strategies to increase book profit and loss.
It was also at Commerzbank where Mr. Avery began his foray into FX technology, as he collaborated with Commerzbank’s technology team to develop the trader intervention module for pricing, and oversaw the implementation of spread and price-skews technology, as well as led the beta-testing team and provided support for regional offices.
Extending back into the mid 90s, Mr. Avery held positions as an FX dealer at CMC Group and UBS, among other banking institutions.