Barclays appoints new co-heads of G10 FX trading

New London-based heads have previously held positions at BNP Paribas, Deutsche Bank, and Goldman Sachs.

Barclays has selected an internal candidate and a new hire from BNP Paribas to become its new co-heads of G10 FX trading.

New co-heads Torsten Schöneborn and Jerry Minier will be London-based and will report to Michael Lublinsky, global head of macro, according to an internal memo seen by The TRADE.

Minier takes up the new role after spending the last two years at Barclays as its head of FX options trading, joining from Goldman Sachs in 2020. While at Goldman, he held FX options roles in New York, London, and Hong Kong.

Alongside him, Torsten Schöneborn has also been appointed co-head of G10 FX trading. The appointment of Schöneborn is the sixth external hire into global macro for Barclays. He joins the bank from BNP Paribas where he had been global head of electronic platform and global head of quant prime broking.

Before that, he spent almost ten years at Deutsche Bank, where his roles included global co-head of electronic equities and head of eFX spot quant trading.

Speaking to the appointments, Lublinsky said: “We have made great progress growing our Global Macro business and remain relentlessly focused on the areas where we can be consistently excellent. FX is one of our historic strengths and Torsten and Jerry’s expertise will help us execute our next set of priorities as we continue to invest and build best in class platforms and solutions for our clients.”

Barclays has made several new hires in the last few months including  Scott McDavid who was appointed global head of equities and a new global head of equities distribution Ronnie Wexler in May.

Additionally, Yun Zhang was internally promoted to head of macro trading, Asia Pacific in the same month.