FXall, the world's leading foreign exchange platform, today announced that it has appointed Bank of America's Matthew Frymier as chairman.
Frymier replaces Goldman Sachs' Cyril Cottu in the role, which is non-executive and elected annually.
Frymier is a Managing Director in the Strategic Investments Group, the direct investment arm of Banc of America Strategic Capital which currently manages over $6 billion of direct and fund investments. In this role, his team is responsible for originating, structuring and executing primarily direct investments that are a strategic priority for Bank of America and its core business lines.
Previously, Frymier was a senior trader with Bank of America's primary dealership, serving as a market maker in U.S. Treasury Securities for the bank's institutional client base and maintaining proprietary risk positions on behalf of the bank. He also served as eCommerce Director for the bank's Treasury, Agency and Money Market businesses.
Frymier joined Bank of America in 1994 from Standard Chartered Ltd, where he served as a Vice President of Institutional fixed income sales. He started his career at Putnam Investments in Boston.