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People moves news

Stone to lead Wedbush Securities FX prime brokerage service


14 April 2023 US
Reporter: Lucy Carter

Generic business image for news article
Image: Wedbush Securities
Michael Stone, Wedbush Securities senior vice president, will lead the company’s new FX prime brokerage service. He is based in Chicago.

The financial services provider’s new product will be available from May 2023, and forms part of its fixed income, currencies, commodities and securities finance (FICCS) division.

Stone has more than 30 years of experience in FX prime brokerage, and began his role as senior vice president at Wedbush Securities in November 2022. Prior to this, he was vice president at Jefferies Bache.

Bob Fitzsimmons, executive vice president and head of the FICCS division, says: “With our launch into FX prime brokerage and having one of the best FX teams in the business, this definitely adds an extra level of service and investment opportunities for our clients.”
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