FXall today announced the opening of a new office in Mumbai, India, expanding its presence in Asia- Pacific and globally. The office will be staffed by Giles Castelino as Director - Sales and Jaison D'souza as Relationship Manager.
Phil Weisberg, CEO at FXall commented: Our expansion into India emphasizes the growing importance of Indian customers and the impact the region is having on the global FX market. By opening an office in Mumbai and becoming an accredited FEDAI (Foreign Exchange Dealer's Association of India) member, we are reinforcing our commitment to fully comply with the new FEDAI guidelines to provide members with integrated access to the best foreign exchange liquidity available. We have seen a tremendous evolution of forex trading in India recently and believe that the Indian foreign exchange market is poised for exponential growth in the months and years to come. Our new Mumbai office will play a significant role in FXall's ability to service our clients in India as well as to better serve our global client base.
Within FXall's Asia franchise, the experienced team in India will be lead by Giles Castelino who will head up the new office in Mumbai reporting to Jonathan Woodward, Head of FXall Asia. Giles Castelino previously headed the corporate and institutional FX sales desk at Indusind Bank and prior to that was responsible for derivative advisory, risk management, trade finance and portfolio management services sales and marketing for Mecklai Financial, one of India's leading FX and interest rate risk management consultancies. Jaison D'souza brings a broad base of front and back office skills from his experience at JP Morgan where he managed customer relationships in the Indian financial markets within the FX Client Valuations Group and at Lehman Brothers (which became Nomura) on the Fixed Income desk.
Mumbai is a strategic location to begin our growth in this region, said Jonathan Woodward. FXall's expanded presence will help us partner more closely with Indian banks, forging deep relationships and strategic execution partnerships to further expand our offering. In time, we plan to significantly expand our client base and provider network within this market to increase our geographical footprint in India.