Marex Financial Ltd. appointed David Govett head of precious metals in London.
Govett will focus on establishing a precious metals division at Marex, which so far offered bullion trading as part of its foreign exchange operations, the company said in an e-mailed statement today. Marex will also have a precious metals desk in Hong Kong, it said.
Govett most recently headed precious metals at Tradition Financial Services in Australia. He also managed the precious metals brokerage desks at Cantor Fitzgerald & Co. and ICAP Plc.
The Marex Precious Metals division will be quoting spot, forwards, futures and options in all precious metals and broking futures and options on Comex gold and silver and Nymex platinum and palladium, the company said.