Leading financial risk management consultancy, JCRA, has appointed two senior FX advisory specialists, Chris Towner and Andrew Scott, who will be joining the business in June and July respectively.
Towner (Director) and Scott (Associate Director) are moving from HiFX and have a collective 40 years’ experience in providing specialist FX advice to funds, corporates and private equity clients, and are aiming to bring many of these to JCRA with them.
As financial product providers withdraw from presenting themselves as giving advice, clients who need input and best practice guidance on their FX exposure management, increasingly turn to independent advisors. This ensures complete impartiality in their risk and hedging decisions as well as regulation of the pricing they receive.
Towner says: “Currency risk is omnipresent and impacts a corporate’s profitability or fund’s Internal Rate of Return. Currency markets can shift gears very quickly, and Andrew and I are passionate about helping clients manage their exposure against this risk. This is why we are excited about the opportunity to join the team at JCRA, where true independent advice is the core offering.
“Being part of a leading independent financial adviser like JCRA will give my existing clients access to a much broader team of hedging experts who specialise in interest rates, foreign exchange and other areas of financial risk and derivatives.”
Jackie Bowie (pictured), Group CEO, JCRA, says: “We are seeing more and more businesses demanding neutrality when it comes to advisory services. JCRA is extremely well positioned to meet these requirements as we don’t sell product or make any commission as a result of our recommendations.
“Foreign exchange risk is a priority for many of our clients and the investors we advise; adding the expertise of Chris and Andrew to our already strong team will cement JCRA’s reputation as the go to advisor to optimise their hedging strategy.”
Towner will be joining the business on 19 June with Scott joining him a few weeks later in mid-July.
