Global brokerage Newedge has named Nicolas Breteau, previously the firm’s CEO for Europe and Middle East, as global head of sales and front office. He will remain on the group executive committee.
Amaury de Villemandy will replace Breteau. De Villemandy was previously deputy CEO of the Europe and Middle East division, with responsibilities for sales and front office. He also held this role at broking firm Fimat, which merged with Calyon Financial to form Newedge at the beginning of 2008.
Breteau, who had been CEO of the Europe and Middle East operation since its formation, has also served as an inspector for French derivatives exchange Matif.
“I have worked closely with both of these individuals for many years and have high expectations and a great deal of enthusiasm for the talent and insight they will bring to their new roles,” said Newedge CEO Patrice Blanc, in a statement. “Nicolas’ career progression within Newedge has given him an extensive view of our products, our clients, and the best means of capturing the opportunities available to us at this critical juncture. Amaury has a wealth of experience and in-depth knowledge of the company and the market to ensure the continuing growth of Newedge Europe & Middle East.”