Scotiabank joins GFMA’s global FX division

The Global Financial Market Association’s (GFMA) global FX division (GFXD) announced the addition of Scotiabank as a new board member, bringing its total membership to 25 foreign exchange market participants – representing over 85% of the FX dealer market. The GFXD promotes efficiency, international harmonisation of regulation and high standards of conduct in the global FX market, the world’s largest financial market.

At last month’s GFXD board meeting, other key appointments were also announced with Claudia Jury, managing director and co-head, currencies and emerging markets at JP Morgan, appointed as chair, and Nigel Khakoo, head of G10 foreign exchange at Nomura, appointed vice chair. Camilla Sutton, global head of FX at Scotiabank, joins other senior industry leaders on the GFXD board. Sutton assumed her current position at Scotiabank in May 2015, where she is responsible for global FX sales, trading and strategy. Previously, she was Scotiabank’s chief FX strategist for nine years.