Markets Move Fast. We Make Sure You Move Faster.
With buy-side and sell-side experience, we bridge perspectives that rarely meet. The result: informed execution, discreet handling, and solutions aligned to complex strategies.
Who Are We
Our work is grounded in experience and sharpened by technology. We source liquidity across markets, structure products to client goals, and protect anonymity at every step. Our principles are simple - clarity, fairness, and rigor - applied consistently to deliver outcomes institutions can trust.
Client focus, always
We believe trust begins with openness. From pricing to process, every interaction is designed to remove opacity in markets often clouded by hidden costs and misaligned incentives. Transparency builds confidence - and confidence sustains long-term partnerships.
Independent by design
Freedom from conflicts of interest is fundamental for us. We operate as an agency broker with no proprietary trading agenda, meaning liquidity is sourced for the client’s benefit - not ours. This independence ensures every decision is aligned with transparent and unbiased outcomes.
Excellence in practice
Expertise is measured in results, not promises. With teams drawn from major banks and asset managers, we combine human judgment with advanced tools, delivering outcomes that stand up to scrutiny in the most demanding markets.
Our Story
2016
2018
2021
2025
Liquidity, Knowledge, and Trust - Delivered Together
Our role is simple: reduce friction where it matters most. That means access to hidden liquidity, insights grounded in real flows, and professionals who understand institutional pressures first-hand.
Exceptional execution & liquidity access
We source liquidity across lit venues, dark pools, and private networks to secure cleaner fills and lower impact. No hidden routing, no half measures - but trades handled with the precision professional clients expect when every basis point counts.
Deep market insight & intelligence
Institutional clients face enough information overload. Our role is to cut through this - distilling complexity into insights that guide strategies, protect capital, and spot opportunities before they vanish.
Experienced team with buy-side/sell-side expertise
Our team isn’t just brokers; they’ve managed portfolios, sat on trading desks, and carried risk themselves. That dual background means we speak the language of institutions, anticipate needs, and solve problems before they surface on the client side.
Join FCS Capital Markets, Where Sharp Minds Meet Sharper Markets
We look for people who bring sharp thinking, curiosity, and discipline. If you want to shape trading, structuring, and market intelligence at the highest level, this is where you belong.
Meet the Team
Miguel, Co-Head and Founding Partner of FCS Capital Markets, leverages over 20 years of financial services experience in brokerage and investment banking. Holding a law degree with special distinction, a Financial Markets Master’s from IEB, and certifications as a CIIA and CEFA, he is a Member of the Spanish Institute of Financial Analysts (IEAF). His leadership roles at Piper Jaffray, Renta4, and Andbank, combined with international experience, drive strategic sales and trading initiatives. As Managing Director, Miguel spearheads business development and front-office operations. Miguel holds FCA SMF3 Executive Director approval and Client Dealing status.
Juan José, Co-Head and Founding Partner of FCS Capital Markets, brings over 20 years of expertise in institutional stockbroking, focusing on research and sales for Tier I and II European clients. With a Quantitative Economics degree, a Master’s in Finance from IE Business School, a CFA charter, a Master’s in Financial Markets from Madrid Autónoma University, and a Ph.D. in Economics from Universidad Rey Juan Carlos, his credentials are exceptional. His career spans Santander Investment, Ahorro Corporacion, Banco Inversis, Renta4, and Andbank. As Managing Director, Juan José drives business and front-office strategies. Juan José holds FCA SMF3 Executive Director approval and Client Dealing status.
Chrissie, Global Director of Legal & Compliance at FCS Capital Markets, brings over 30 plus years of experience in Legal-Compliance and Consulting roles within financial services. With a Bachelor of Laws (LL.B Hons) and a Master’s (LL.M) in e-commerce (e-banking/e-finance), her expertise spans regulatory authorisations, compliance advisory together with review with regards to regulatory default, risk framework management, aligned with the operational objectives of the FCA, together with its Principles and best practices. Holding FCA SMF3 Executive Director, SMF16 Compliance Oversight, and SMF17 Money Laundering Reporting Officer [MLRO], Chrissie holds oversight of the UK Back-Office and heads Compliance for our FINMA-approved Swiss office.
Daryl, Global Operations Director at FCS Capital Markets, brings over 12 years of financial sector experience, supported by a comprehensive business degree. His expertise is enhanced by the Investment Operations Certificate (IOC) and numerous financial examinations, reflecting a commitment to professional excellence. Leading Middle-Office operations, Daryl ensures operational efficiency and strategic alignment. His dedication to continuous learning strengthens the firm’s operational framework. Daryl holds FCA SMF3 Executive Director approval and Client Dealing status.
Vincent, a distinguished financial services lawyer, specialising in UK regulation and hedge funds. Starting as the London Clearing House’s first in-house lawyer (1983–1987), he shaped the Financial Services Act 1986, led risk management at the London Stock Exchange’s Traded Options Market (1987–1991) overseeing £6 billion daily and found his own firm in 1991. He was a partner at Speechly Bircham until 2013, General Counsel for SETL, Falcon Capital, and Starmark Investment Management. As Non-Executive Director at FCS Capital Markets, Vincent strengthens UK legal and compliance with his experience within key financial concepts.
Benjamin, Managing Director of the Swiss arm of FCS Capital Markets under Quaker Securities, brings 30 years of experience in brokerage, private equity, and fund management. Starting at Schroders Securities in 1994, he co-founded Quaker Securities (Switzerland) with the Sandoz Family Foundation, becoming Managing Director in 2008. Specialising in equity buy-side quantitative strategies, he has served on boards of Swiss and international firms. Benjamin drives institutional client solutions and regional growth. Ben holds FCA Client Dealing status and heads our FINMA approved, Swiss Office.
Christopher, as Head of Monitoring, brings over ten years of experience in Compliance Monitoring and mid-office Operations within CFD Advisory and Broking firms. His expertise spans Transaction & Communication monitoring, to include, Best Execution, MAR and TCF surveillance, Market Risk Assessment, CRM and client file management. Further, to include Transaction and Trade Reporting. Settlements, supported by CISI Level 3 Certificates in Combating Financial Crime, Client Money & Assets, and Level 4 UK Regulation & Professional Integrity and is currently pursuing the CISI Level 4 Managing Operational Risk Certificate. Christopher’s dedication strengthens team performance within the middle and back offices.
David brings a wealth of experience from a career in the financial markets spanning 38 years. Starting as a junior clerk in the back office of a major international bank, he progressed through a range of back office, middle office, and front office roles. From 1997 – 2007 he worked for the UK Regulator (now known as the FCA), relationship managing a diverse range of financial markets businesses including brokers, liquidity providers, alternative investment managers dealing in a comprehensive range of financial markets and instruments. Since leaving the Regulator in 2007, David has worked in senior management roles, including CEO, in derivatives trading and investment management businesses and now works as a Consultant providing advice and support on an as-needed basis.
Philippe Esposito, Partner at FCS Capital Markets, brings an outstanding legal background andproven leadership in the energy sector, with a pioneering focus on hydrogen. He holds a Lawdegree; a Master’s in Private Law and a Master’s in Business Law from the University ofToulouse. Philippe is currently President and Co-Founder of DH2 Energy, a benchmark in largescale renewable hydrogen project development, and Co-Founder of Dhamma Blue, dedicated tosustainable hydrogen-powered marine mobility. Previously, for 20 years, Philippe was a businesslawyer in France (Gide Loyrette Nouel) and Spain (Partner of Gómez-Acebo & Pombo).
Óscar is a lawyer specialising in Financial Services Law, with professional experience dating back to 2002. He advises a wide range of financial institutions, including fund managers, brokers, and financial advisors, across various European jurisdictions. He holds a bachelor’s degree in law and a master’s degree in financial Markets and is a member of the Madrid Bar Association. Oscar is the Managing Partner at LGA Law Firm and has been approved as a director of UCITS / AIFM Funds and regulated entities by the CSSF in Luxembourg and the MFSA in Malta. He is fluent in both Spanish and English.
Paul Morgan, as Head of Structured Products here at FCS Capital Markets, brings over 30 years ofcapital markets experience, specialising in structured note design and origination. Holding an MAin Physics from Oxford University, his career includes pivotal roles at Morgan StanleyInternational’s derivatives group, RBS derivatives proprietary trading, and founding anindependent derivatives market-maker. Paul drives platform growth, manages issuerrelationships, enhances pricing tools, and oversees complex derivative structuring and ALMdriven solutions. His leadership strengthens cross assets and securitisation strategies.
Jack Kendall-Jones, as Junior Broker at FCS Capital Markets, strengthens the London-based brokerage team, supporting the firm’s steady growth and fintech advancements. Along with playing a key role in supporting senior brokers, his technical abilities and expertise drives data-driven marketing strategies and client relationship management, in line with the company’s innovative vision. Jack’s enthusiasm and professional acumen enhance operational and strategic objectives. His mid-office role is pivotal in advancing the firm’s competitive edge.
Ermete serves as AMCs and Cross Assets Specialist for institutional markets within Italy and Switzerland. Holding extensive Italian/Swiss Banking experience, Ermete excels in distributing alternative products and issuing Actively Managed Certificates (AMCs) backed by liquid assets, including equities, fixed income, and FX. His client relationship expertise, honed at Allfunds Bank, is complemented by research conducted at Bocconi University and the European Commission. A Bocconi graduate with a Master’s in Economics, Ermete is fluent in Italian and English. His strategic approach and market insight drive tailored investment solutions for our clients.
Ralph Hennecke, based in Zurich, is a Swiss investment professional with more than 14 years ofexperience in the areas of structured products, equity derivatives and actively managedcertificates. Holding a Master of Science in Banking and Finance, he has held senior positions insales and trading at leading financial institutions. At FCS Capital Markets, Ralph overseesdistribution, sales and trading activities across both the German-speaking region of Switzerlandand the Romandie, focusing on advising institutional investors, private banks and family offices,as well as on the design, implementation and lifecycle management of bespoke investmentsolutions. Ralph is fluent in German, English and French and works confidently across diverseprofessional and cultural environments.
Dr. Maro Quaranta, is our Italian-born originator with over two decades of distinguishedexperience in investment banking and capital markets. Holding an advanced degree in Banking,Marco’s career trajectory includes pivotal roles at J P Morgan, Barclays Capital, ChenavariInvestment Managers, and Vantage Capital Partners, where he honed expertise in structuredfinance, M&A advisory, and distressed asset strategies. His passion for bridging internationalinvestors with high-potential ventures drives FCS’s mission to attract global capital, convertchallenges into opportunities, and build resilient enterprises.
Your Next Market Move Deserves A Partner Who Knows Every Angle
Your goal is cleaner execution and stronger returns. Our aim is to deliver both - through discretion, deep liquidity access, and insight that protects every basis point.