Marex Spectron has confirmed that JP Morgan’s former head of treasury services client management has been appointed chief executive officer for its business in North America.
Ram Vittal joins the commodities broker in the senior role after seven years with JP Morgan, most recently leading client management for its treasury services division as a managing director. He reports to Ian Lowitt, group chief executive at Marex Spectron, based in New York.
Vittal has been with JP Morgan since 2013 having previously worked within investment management and investment banking at Goldman Sachs. During his time at Goldman Sachs, Vittal led the establishment of the bank’s asset management business in India.
“Ram is an impressive addition to our firm. His track record in investment banking, acquiring and growing businesses, coupled with his understanding of digital solutions and data analytics will be invaluable as we develop our North American business,” said Lowitt.
“This is our fastest growing region and our intention is to continue building our presence in the Americas to around half of our total revenues through organic expansion, new product development and acquiring businesses where we see growth opportunities.”
As CEO of Marex Spectron North America, Vittal will lead the Chicago-based Rosenthal Collins Group, a futures commission merchant which the broker acquired in February last year, and other metals, energy and agricultural brokerage teams in New York, Houston, Connecticut and Calgary.
“I am excited to join Marex Spectron as it enters the next phase of its global growth story and look forward to working with the leadership team to build market share and expand the business further in the US,” Vittal commented on his appointment.