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Argentex CEO exits embattled currency trading firm

City Correspondent

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The chief executive of Argentex has abruptly left the embattled currency trading firm, as it discusses an emergency sale with a rival.

Jim Ormonde, who has led the AIM-listed firm for less than two years, left Argentex with immediate effect, the company said in a stock market update on 25 April.

Founder Harry Adams said he expects ‘those responsible for this to be held accountable’

Lars Mucklejohn

Business

C-Suite

Investing

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https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Point72 hires ex-Millennium portfolio manager Prejesh Patel

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Patel, who marks the hedge fund’s latest hire, will be based in its London office

Jain Global money manager Anurag Nema exits to Caxton after one year

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Bobby Jain’s hedge fund launched in July

The president’s attacks on Jerome Powell could put a “shadow of suspicion” over whomever Trump picks as the next central-bank chief.

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Billionaire investor Thomas Kaplan is nearing a long-held ambition: control of a big gold deposit in Alaska.

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Google-parent Alphabet reported solid earnings, but the tariff impact on the second quarter is still unclear.

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Chief executives are warning that big-ticket items will cost more,  while travel becomes an early trade-war casualty.

By Lynn Cook, Alison Sider and Caitlin McCabe

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The president has softened his economic and trade stances in the midst of market turmoil.

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