A veteran London FX trader is back, at a broking firm

If you have a history trading FX in London, you may have a history with Robert Diehl. 

Get Morning Coffee ☕ in your inbox. Sign up here.

Diehl has been around. He's been head of CEEMEA FX options trading at RBS in London. He's been head of emerging markets trading at RBS in London. He's been global head of emerging markets FX derivatives at UBS. And he's been global head of FX trading at Unicredit.

It's an illustrious career than spans nearly three decades. And after a brief hiatus since January 2023, when Unicredit is thought to have moved its FX desk from London to Milan, Diehl is back. Just not at a bank.

Diehl declined to comment for this article, but he's understood to be joining Caventor Capital, the agency brokerage arm run by BCG. Last year, Risk reported that Caventor was quietly chasing business from hedge funds. 

Despite being a trader by trade, Diehl is thought to have joined Caventor in a sales role, selling Caventor's capabilities to other traders. He's not the only one.  Paul Lynn, a former head of financial institution sales at Credit Agricole who was ejected shortly before bonuses were paid in 2021, is running the sales team. Former Nomura trader James Ludlam is there too.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libellous (in which case it won’t.)

Photo by Nick Fewings on Unsplash