LONDON/HONG KONG: Newedge, a global leader in multi-asset brokerage and clearing, has appointed Jennifer Wang as head of foreign exchange (FX) sales for Greater China. Based in Hong Kong, she will be responsible for coordinating FX sales initiatives with a particular focus on regional bank services.

“The renminbi is quickly growing in strength so as to compete with the leading global currencies, such as the euro and US dollar. Consequently, adequate hedging options are becoming more and more important,” said Max Smith, global head of foreign exchange at Newedge.

“[Wang’s] skill set and expansive network in the region will only augment our team’s proven capability to provide clients with fast, easy and reliable access to the Chinese FX derivatives market,” he added.

Wang joins from DZ Bank in Hong Kong, where she was a senior vice-president in the Greater China capital markets and  treasury sales team, covering clients on mainland China, Taiwan and Hong Kong.

Prior to that, Wang held various senior sales positions at ANZ Banking Group and RBC Hong Kong, serving mainland Chinese clients.

Wang is a financial risk manager (GARP) and holds an MA in economics and management science from Humboldt University Berlin and a BSc in economics from Fudan University in Shanghai.

Newedge’s FX desk is a follow-the-sun operation with teams in Sydney, Hong Kong, London, New York and Chicago.