Malcolm Day

Managing Director, FX and Treasury Management

Malcolm is a 30 year veteran of financial markets, of which the most recent 20 were dedicated to emerging markets. Based in Dubai, UAE, Malcolm is responsible for Foreign Exchange pricing, risk management and cash management for both Emergent Technology.

Malcolm started at Citibank in 1987, as a UK Government Bond trader, but his desire to trade foreign exchange saw him switch to HSBC a year later. Settling quickly into Forward FX trading, he ran HSBC’s books through Japan’s Nikkei collapse then Sterling’s infamous ERM exit. He set up and ran HSBC’s first multi-product interest rate desk in 1993 then joined the Emerging Markets Currency Group on July 1st, 1997 – the day the Asian Crisis started.

As markets tumbled through Asia on to Russia’s crisis, LTCM’s demise and the GFC, Malcolm became Head of the business and gained priceless experience. In 2009, he moved to Dubai, to head HSBC’s MENA FX Trading business, just as the Arab spring erupted. In 2012, Malcolm joined BBVA as Global Head of FX Trading where he was instrumental in three roll-outs of converting voice FX to eFX.

After taking a sabbatical in 2017 for family health issues, Malcolm joined Emergent Technology in January.

Malcolm is also a Governor at New Hall School, the UK’s largest Independent Catholic Boarding school, where he sits on committees for Estate & Property, Boarding, Health & Safety and the Multi-Academy Trust.