Barclays Is Said to Hire Nomura's Tyndall for Currency Trading

  • Michael Tyndall to join in September as a director in New York
  • He’ll report to Paul Thirwall and locally to Siddharth Mehla

Barclays Plc hired Michael Tyndall from Nomura Holdings Inc. as a senior trader for foreign exchange options, according to a person familiar with the move.

He will join the bank in September in New York as a director and head of FX flow options, said the person, who asked not to be identified discussing personnel matters. Tyndall will report to Paul Thirlwall, the London-based bank’s head of global FX options, and locally to Siddharth Mehla.

Barclays has been seeking to gain market share in foreign exchange by adding talent and bolstering technology. The company recently hired Sanchit Jain to lead the FX options business in Singapore and last month added Kristen Macleod from Goldman Sachs Group Inc. to lead foreign exchange sales to asset managers and pension funds.

Tyndall worked at Barclays earlier in his career and jumped to Lehman Brothers Holdings Inc. in 2007. He joined Nomura when the Japanese bank added some Lehman operations during the financial crisis, the person said.

A representative for Nomura didn’t immediately return a call seeking comment.

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