International derivatives broker Sucden Financial Limited continues to strengthen its management. After naming Gavin Parker Chief Operating Officer in September this year, the company keeps beefing up its senior management team and today announced two new additions to this team.
Marc Bailey joins Sucden as Managing Director, whereas Toby Osborne has been appointed as Finance Director. Alexander Culley, who joined the company in 2013, has been promoted to Group Compliance Officer.
Marc Bailey’s experience in capital markets and commodities spans over 30 years. He has extensive knowledge and experience of both OTC and exchange traded derivatives. His past roles include President of Jefferies Bache, as well as Managing Director and Chairman at Bache Commodities Limited. Other past roles include COO and Director of Business Development at Cargill Investor Services, Director of Business Development at the London Stock Exchange, and Executive Director at CIBC. He was a trader on the LIFFE floor and worked at JP Morgan, as the senior officer responsible for the floor trading team.
Toby Osborne will succeed Robert James who is set to retire at the end of this month, following 15 years with Sucden. Mr Osborne has extensive knowledge and experience in risk governance and compliance, obtained during his work as Chief Financial Officer at Czarnikow Group Limited, a position he held for seven years. Prior to that, he was Finance Manager and Project Accountant with the firm. His other past roles were at Caterpillar Inc, Sterile Theatre Services and Ernst & Young.
Sucden Financial has also promoted Alexander Culley to a new role of Group Compliance Officer. When Mr Culley first joined Sucden Financial in 2013, he was the responsible officer for FATCA reporting and was heavily involved in ensuring the firm complies with the new EMIR regulations. His career in compliance began at an equity registration and share dealing business in Ireland. He then moved to the City of London in 2007 to join LME Ring Dealing Member Triland Metals Limited then later – Allan Investment Management LLP in 2010.
Michael Overlander, Chief Executive, Sucden Financial Limited commented:
“The appointments mark a new chapter for the firm, positioning the company for its next stage of growth. Marc and Toby will play vital roles in working with me and the other directors at Sucden Financial to manage and further develop our brokerage activities.
“The environment in which we operate will continue to change with greater regulatory obligations. Compliance is a vital part of the business, protecting both our clients and the company, and I am confident that with Alex’s appointment we will continue to ensure we remain fully compliant with all our existing and future regulatory obligations.
“Robert James’ contribution to the company during his time with us has been broad and extensive and we wish him all the best in his retirement.”
Marc Bailey, Managing Director, Sucden Financial Limited said:
“I am delighted to join Sucden Financial. The firm has a strong and established reputation in the commodities and foreign exchange arenas and I am looking forward to drawing on my experience to grow the business further.”
Toby Osborne, Finance Director, Sucden Financial said:
“I am looking forward to working closely with Michael to ensure that the firm’s business continues to be run in an efficient and compliant fashion, in order to preserve the prudential status of the company and maintain its capital structure for future growth.”
To view the official announcement from Sucden Financial, click here.