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Refco hires new London FX head

Futures commission merchant Refco has named Farooq Muzammal as its new head of foreign exchange in London.

He manages a team of five, and aims to build up the business over the coming months. “The FX team has been relatively stagnant over the past year or so, but I aim to build up in both sales and trading,” he told RiskNews' sister paublication FX Week. Muzammal left financial trading and spread-betting company IFX mid last year, where he was head of FX sales. He had been at that firm for three and a half years.

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