MUFG names new head of FX buying and selling and distribution

David Wright has been named head of FX buying and selling and distribution at MUFG after three years with the enterprise. 

He joined the financial institution in 2021 as international head of e-FX having and beforehand served as a strategic transformation marketing consultant at State Avenue.

Previous to that, Tokyo-based Wright spent 16 years at Morgan Stanley, most not too long ago as a managing director. He has additionally held roles at FXall and UBS, as product supervisor and affiliate director, respectively.

Final July, MUFG and Morgan Stanley signed a Memorandum of Understanding (MoU) to collaborate on their overseas trade choices in a bid to additional improve their respective buying and selling companies.

Particularly, it was confirmed that MUFG’s principal banking offshoot (MUBK) would hyperlink with fastened revenue at Morgan Stanley MUFG Securities (MSMS), utilising Morgan Stanley’s international FX enterprise platform.

With the settlement – generally known as Alliance 2.0 – each side have been set to learn from an enhanced scale and attain.