GAIN Capital Hires Peter Cronin To Lead Institutional Sales Business In EMEA

GAIN Capital Holdings,  a global provider of online trading services, has appointed Peter Cronin as Managing Director and Head of EMEA GTX Sales.  Peter Cronin will be responsible for growing GTX, GAIN Capital’s institutional business, in Europe, the Middle East and Africa.  He will report directly to Executive Vice President and Head of GTX, Joseph Wald, and has begun his new role in GTX’s London offices starting August 5^th.

“Peter is an accomplished and talented banking professional who is moving to the FX ECN business at a time when the global foreign exchange industry is undergoing many exciting changes,” said GAIN Capital Executive Vice President and Head of GTX, Joseph Wald.  At GTX, Peter Cronin will specifically be responsible for growing the institutional client base and ECN volumes, and building out the EMEA sales team.

Previously, Mr. Cronin was Head of EMEA e-Commerce at UBS Investment Bank, where he managed a 16-person sales team situated in Zurich, Lugano, Dubai and the United Kingdom.  Mr. Cronin joined UBS in 2000, and during his 13 years tenure held senior roles focused on developing the bank’s e-Commerce business.

On July 16^th, GTX reported average daily institutional volume of $18.4 billion for June 2013, an increase of 10% from May 2013 and 137% from June 2012.

• EMEA