Peter Bartko, the founder and former Chairman and CEO of The EBSPartnership has become CEO of Forexster Limited, a Bermuda-
based ‘network-dealing’ venue for trading foreign exchange.
Bartko replaces founder Arman Glodjo, who will remain involved as Chairman. Glodjo conceived the model underlying Forexster’s architecture and led the team that developed it.
Bartko was the driving force behind the founding of The EBS Partnership in 1990 by a consortium of 12 foreign exchange banks and a Japanese brokerage. In five years under Bartko, EBS grew from its launch in 1993 to become the largest broker of spot foreign exchange in the world. Bartko retired from The EBS Partnership in December 2001, after 11 years as Chairman and CEO.
In 1984, Bartko founded FXNET Ltd., also a bank consortium responsible for reducing risk in the foreign exchange business. He served as Chairman and CEO. Earlier, he spent 23 years in various management positions at Chemical Bank, a predecessor of today’s JPMorgan Chase.
“We are pleased that Peter has decided to join us,” says Glodjo. “We share similar views on the inevitability of evolution in the foreign exchange markets towards our model. We are looking forward to his leadership and experience as Forexster continues the deployment of its revolutionary network-dealing architecture for the FX markets and beyond.”
“I had no hesitation when the opportunity arose to join Forexster and lead the company into its next phase, the deployment of its powerful suite of products to serve banks, other financial institutions, and their customers,” adds Bartko. “I believe Forexster’s unique methodology for managing credit and user-friendly flexibility will greatly enhance any bank’s capability in serving its customer-base.”