Serhan Eryuksel has joined Marex’s outsourced trading team, focused on sales in the UK, Europe and MENA.
London-based Eryuksel most recently spent 15 years at UBS – predominantly in senior sales and equity trading roles before heading up the business development of UBS’ outsourced trading platform across EMEA.
At UBS he also served as trading back-up for the London multi-asset trading desk.
In March, UBS made a shock exit from outsourced trading game, serving its clients a three-month notice, just weeks after appointing a new head for the business, as revealed by The TRADE at the time.
Ian Power took over from Chris Blackburn who had served as head of the outsourced trading offering until February 2025, but following the bank’s decision to exit, Power also left the business.
According to sources familiar with the matter, the decision to shutter UBS’ outsourced offering in March was “unexpected” and “[came] out of the blue”.
UBS was one of the largest outsourcing firms by number of clients, with the bank reportedly having had around 100 clients.
Read more: UBS appoints new head of outsourced trading offering
Previously in his tenure, Eryuksel has also served as director of global emerging markets sales trading and head of equity trading and vice chair of UBS in Turkey.
Massimo Labella, co-head of international prime brokerage and outsourced trading at Marex, said: “Serhan brings over 30 years of capital markets experience, most recently at UBS, where he led business development for their outsourced trading platform in EMEA.
“Having worked closely with hedge funds, asset managers and family offices, he has a clear understanding of what clients need from a trading partner. Serhan’s arrival strengthens our ability to connect with managers across regions and strategies, as demand for outsourced trading continues to grow.”