Institutional & Retail

Your mentor - Beat Nussbaumer, career to date

Career summary

Beat started his career in foreign exchange as a Spot Trader at UBS Zurich in 1985. A born and bred trader, Beat started to learn the craft as a young man of 20. The market was a different place back then and interbank trading was the name of the game; less about position taking – other than running risk for just minutes – BUT, even on a regular trading day it was a volume game and required both skill and a thorough understanding of price action. The narrative and the ability to manage risk well – with Beat regularly responsible for $5-$10 billion of transactions a day through the spot desk was the norm. During the 1992 European currency crisis and the infamous ‘Black Wednesday’, Beat’s desk was processing in the region of $100 billion a day.

After 12 years with UBS, Beat was looking to take more proprietary risk and combine his talent as a trader with his skill at understanding what makes FX move, macro fundamentals, correlations, all the crosses, politics and whatever else is in his view.

Moving to London in 1997, Beat was tasked with setting up a Proprietary Desk for Morgan Stanley – but the breakout of the Asian Financial Crisis, with a blow up in Asian Currencies led Morgan Stanley to ask Beat to manage Asian FX thanks to the experience he’d gained in the 1992 European currency crisis. Little did he know at the time just how much this first step into Emerging Markets would stand him in good stead for future correlations in the wider G10 view.

In 2004, Beat took another big step in his career, joining the legendary Goldman Sachs’ Macro Proprietary Desk as Senior Risk Taker, trading with the biggest talents the market had to offer. But the 2008 Global Financial Crisis and subsequent Volcker Rule meant the desk had to close, so Beat left Goldman Sachs, returning to his FX roots – but this time managing Global FX Trading for Unicredit and Commerzbank.

After 30 years trading at the highest levels for the top banks & institutions, Beat set up on his own, managing money for select HNW & Ultra-HNW individuals – and sharing his knowledge, insight & wealth of experience with others through his exclusive tutoring & mentoring programme.

Keen to share his knowledge, real-world trading skills and financial wisdom with other traders of all levels, Beat’s partnership with ForexVox means you too can now experience the difference that learning from someone with Beat’s expertise can bring to you and your trading.