ED&F Man's European chief Hawksworth resigns
27th August, 2019|Luke Jeffs
Stephen Hawksworth was chief executive officer of ED&F Man Capital Markets from late 2013 until the start of last week
Stephen Hawksworth, the chief executive officer of broker ED&F Man Capital Markets, has resigned from the post and left the firm with immediate effect.
Hawksworth, who joined ED&F Man Capital Markets in late 2012 before becoming chief executive at the end of 2013, resigned at the start of last week, according to sources, and left the London-based firm on Tuesday August 20 2019, according to the FCA register.
A spokesman for ED&F Man Capital Markets Limited said: “I can confirm that Stephen Hawksworth has stepped down from his role as chief executive of ED&F Man Capital Markets Europe.”
Sources close to the firm said Hawksworth resigned to Chris Smith, the chairman of ED&F Man Capital Markets who was chief executive until the end of 2013, and that no replacement has yet been appointed.
Hawksworth and Smith were the driving force behind ED&F Man Capital Market in recent years, having both joined the firm in 2012.
Hawksworth joined ED&F Man in November 2012 after leaving MF Global, where he had been that broker’s head of equities and fixed income for almost three years, in January 2012, according to the FCA Register.
Smith joined ED&F Man in March 2012, having previously worked as the global chief operating officer and deputy chief executive of MF Global from 2000 to 2008.
Before MF Global, Hawksworth worked in various roles at Atom Capital, Vantage Securities, Marex Financial, Refco and FCT Europe, according to the FCA Register.
ED&F Man’s European arm has been actively pursuing new opportunities in recent years.
The firm set-up in early August a new Cyprus-based entity called ED&F Man Capital Markets CEEMA to offer brokerage services to clients in Central and Eastern Europe, the Middle East and Africa.
The new entity is run by Danny Corrigan, the former head of CME’s European Trade Repository.
ED&F Man closed in April its London-based equity finance after a board-level decision to shutter the business taken at the end of March.
ED&F Man hired at the start of 2017 a dozen foreign exchange brokers to boost its currency brokerage division.
