Mark Donlon stated:
I’m excited to establish and build out this new swaps desk for one of the world’s premier futures firms. There is a natural synergy that will enable us to leverage RJO’s strong global franchise with a robust OTC offering. We’ll work hand-in-hand with RJO global institutional brokerage teams, as well as bring new clients into the firm through independent sales efforts, with the ability to trade and support sophisticated market participants around the clock. While we intend to focus initially on U.S. dollar interest rate swaps, we expect to branch out over time into other G10 currencies and OTC derivatives including options.
The new swaps desk will initially support on-SEF and off-SEF activities, block trades and basis and cleared swaps at CME Group and the London Clearing House (LCH).
Donlon was previously a principal at a private equity firm for the last two years. He was responsible for forex hedging opportunities. Donlon also served for several years as managing director, global head of US and Canadian Dollar Linear Rates Trading for RBS Securities Inc. (also known as NatWest Markets Securities Inc.) since 2018. Prior to that, he was managing director of the US Dollar Rates SEF at wholesale OTC brokerage firms GFI Group. There, he managed a team in New York and London between 2013 and 2015, working through the regulatory implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Donlon spent around 20 years at Citigroup Global Markets and Citibank N.A. There, he served as Managing Director, Global Head of North American Linear Trading, overseeing a staff of traders in New York, London and Tokyo and leading Citigroup’s US swaps business into the top-ranked position in the industry.
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