Release Date: 16 June 2015

Contacts: Katrina Cavalli +1 212.313.1181,; Anna Schoeffler +44 0207 743 9367,

GFMA Global FX Division Appoints Managing Director, Americas

New York, NY, 16 June 2015 – Victoria Cumings has been
appointed Managing Director, Americas, for the Global FX Division of the Global
Financial Markets Association (GFMA) with immediate effect.  In this role she reports to James Kemp,
Managing Director of the Global FX Division.

Victoria joins from CLS Bank International, where she was Executive Director, Head of New York Legal.  Before that she was Vice President, Senior Legal Counsel at HSBC Securities (USA) Inc., and previously worked at Davis Polk & Wardwell LLP
as an attorney in the Derivatives and Capital Markets practice groups in New York and London.

Victoria will be responsible for regulatory issues in the Americas, including the development of new Global FX Division relationships in the growing South American region.  She will also take responsibility for a number of global projects in areas including margin and clearing.

James Kemp, managing director of the GFMA Global FX Division, commented:

“I am delighted that Victoria has joined the Global FX Division team.  This is a key time for the FX industry to be rebuilding market trust and confidence. Her industry and legal experience will add real depth to the Division as we continue with both the implementation of
the G20 derivatives agenda and our focus on enhancing conduct.”




1.       The Global Foreign Exchange (FX) Division was formed as part of the Global Financial Markets Association (GFMA) and its members comprise 24 global FX market participants, collectively representing more than 90% of the FX market (Source: Euromoney 2014). See more at:

2.       The Global Financial Markets Association (GFMA) brings together three of the world’s leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the
Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA. For more information, visit