BNY Mellon has a new head of foreign exchange (forex) sales for North America, as the firm has secured Robert Savage, a professional with more than two decades worth of experience, to take on the position, according to a report from FX Week.
In his new role as head of FX sales for NA, Savage reports to Harry Moumdjian, the global head of FX sales at the firm; the report published today said.
Speaking to the news outlet, Moumdjian said: “We are absolutely ecstatic to have Bob on our team. Bob is an industry veteran, someone who is incredibly well regarded in the foreign exchange space with many clients. His experience and client connectivity says a lot about where we are as a bank and where we are going.”
Robert Savage’s Career Before BNY Mellon
Before he was at BNY Mellon, Savage spent the past five years as the Chief Executive Officer (CEO) of CCTrack Solutions, LLC in the greater New York City area, according to his LinkedIn profile.
On his LinkedIn, Savage states: “Foreign Exchange and the drivers of that market have been the focus of my career along with writing about them.” He adds that “building teams for sales and trading” is one of his specialties.
Since commencing his career in February of 1996 as the FX Trading Head SVP at Lehman Brothers, Savage has gone on to hold a number of notable positions during his 23-year-long career.
Specifically, Savage was a Director at Banc of America Securities where he worked as a proprietary trader in FX, reporting to Richard Breslow. From here, he went on to become a Managing Director and Macro FX Sales Manager at Goldman Sachs, where he was employed for more than 11 years.
Other notable positions include Chief Operating Officer at FX Concepts, Senior Advisor at McKinsey & Company and CEO, Editor in Chief & Head of Track Research at Trackresearch.com, his LinkedIn states.
In addition to his wealth of experience, Savage studied at Yale University from 1980 until 1984, earning himself a Bachelor of Political Philosophy.