June 15, 2021 - FX technology provider Edgewater Markets, a leading technology provider offering access to the FX & Precious Metal markets globally has officially announced Michael Cleary as their new Director of Sales out of their New York City headquarters.

In a newly created role, Mike will be based in New York and will focus predominantly on LatAm sales, working closely with Edgewater’s Robert Sanchez, and Jose-Antonio Buenaño.

Michael joins the company from Tullett Prebon, where he was a senior sales broker. Cleary, a 15-year industry veteran, brings a wealth of Sales and Trading expertise, having held senior sales roles at firms including Tradition Securities & Derivatives, and ICAP Capital Markets, servicing the banking and hedge fund communities. “With his extensive experience building relationships with clients from global banks in Mexico and New York, and depth of knowledge, both in the swap and derivative sides of electronic FX trading, Mike will generate new opportunities to Edgewater’s current business lines and partnerships. I am delighted he is joining our team,” said Skovran Schreder, Edgewater’s Chief Executive Officer & Co-Founder.

“In my work, I have always attached great importance to building relationships in the field of the financial services industry and I am glad that now I will do it together with Edgewater,” commented Michael Cleary. “This is a great opportunity for me to drive further growth and to further develop distribution of Edgewater’s innovative EDGE LATAM product; working with all regions for spot FX distribution to my network of clients and relationships, both in New York and globally.”

Robert Sanchez, Managing Director & Head of LatAm, said, “We are pleased to welcome Michael to Edgewater. Since 2009, we have been offering the FX market access to Latin America and we see great opportunities to further strengthen our offering in the region. Hiring Mike is an important part of this process and demonstrates Edgewater’s strong commitment to the ever-growing LatAm market.”

“Mike’s expertise within the capital and institutional markets landscape is exceptional, and we are thrilled to have him join our team. He will be instrumental in helping us industrialize our offering and reach more financial institutions with our EdgeFXLatam platform,” stated Jose-Antonio Buenaño, Managing Director & Head of South America.

“This is an exciting time for Mike to join the team. He will play an instrumental role as we continue to adapt to changing market trends. Mike’s relationship with the New York banking community is strong and will help us distribute onshore LATAM NDF liquidity to the market,” commented Matt Kassel, Edgewater’s COO.

“Over the past several years, Edgewater Markets has been on a growth path as the firm sees volumes surge while offering clients innovative products and exceptional execution services. I am delighted to welcome Mike to our team,” said Kassel.

Edgewater's hiring of Michael Cleary adds to a string of recent hires. View previous hiring announcements of Edgewater's hires here.