FX expert, Christian Schoeppe, has set up an international FX consulting firm known as SchoeppeFX. The Frankfurt-based company shall provide education, trading technology, and FX business strategy around the FX Global Code of Conduct.
The company will also provide foreign exchange consulting services for FX companies and institutional investors.
Schoeppe, who is a pioneer in the FX industry, has been in the industry for about 20 years. With the setup of his own company and the experience he has, many industry experts believe the company will do well.
Schoeppe has taken up several roles before setting up his own
Before he established his own company, Schoeppe was the head of foreign exchange trading at DWS. He also held top trading positions for Deutsche Bank on the sell-side and Deutsche Asset Management on the buy-side. Besides, he once served as the chairman of the FX Working group when he was still working with Deutsche Bank. He started his career 19 years ago at Deutsche Bank.
Apart from the experience, Schoeppe has had with Deutsche Bank, he was among the developers of the Global FX Code of conduct when he was a member of the European Central Banks’ FX Contact Group (FXCG).
Schoeppe has also had several awards to recognize his enormous contributions in foreign exchange trade. He was rewarded the “Pioneering FX Trader” in 2017. A year before, he was awarded the FX trader of the year by K & K Global consulting. These awards were part of the prestigious Alpha Trader Forum Award.
While responding to the development, Schoeppe said he has been fortunate enough to have worked for both the buy and sell-side of the FX industry. He said he and his former company were able to achieve a lot of things together, including improving on both offshore and on-shore FX services, establishing global trading desk setups, and implementing an automated trade platform for all FX buy and sell trades.
He says his company now helps institutional clients manage their assets. In his words, “We now assist institutional clients in asset and wealth management to identify and leverage potential for value creation and cost reduction.”
He says the idea is to improve the overall competitiveness of the institutional clients, which is even more important in this difficult business environment.
The new firm has a good chance to succeed
Schoeppe said in 2016 DWS achieved a lot from the buy-side perspective. The history of the FX trading desk in the company is an interesting one. Initially, there was no desk for trading FX. Later, the company started automating its FX trades from security trades.
Throughout this developmental period, Schoeppe was at the forefront of the decisions and the implementation procedures. As he is about setting up his firm, many experts believe his extensive experience in the industry will help the startup company pull through in this difficult business period.