Demetri Papacostas is head of the market specialist group at Bloomberg. His foreign exchange (forex) career spans 35 years, with extensive experience developing and running profitable forex and derivative businesses for major financial institutions. His forex derivatives product specialisation includes trading, structuring and selling to corporations, hedge funds and asset managers, as well as to the private wealth arms of money centre banks.
Prior to Bloomberg, Papacostas was a managing director at JP Morgan, where he ran the commercial bank forex sales team in New York and forex derivatives sales nationally, and he previously also managed its currency derivative structuring team. He also established a global forex derivative sales presence for ABN Amro, and previously managed currency and precious metal options business for Royal Bank of Canada, Security Pacific (Bank of America), UBS and Marine Midland Bank.
Papacostas is a well-known speaker at financial forums and webinars, has been quoted in the Wall Street Journal, Profit & Loss magazine and Bloomberg Business Summit 2014, CFO Edition, and has been published in Bloomberg Markets, and appeared on Bloomberg TV to discuss the forex markets.
He received a BA in economics and computer science from New York University, and an MBA from Pace University, with numerous honours and distinctions for academic achievement.