Jon matonis biography

He started his career at Sumitomo Mitsui Banking Corporation in Chicago, where he worked as a senior derivatives and money market trader from 1986 to 1989. He managed interest rate risk and designed speculative positions in the derivatives market, responsible for trading a $1.5 billion book in money market positions and an $85 million proprietary book in futures and options. Additionally, he led a team that traded in the over-the-counter Fed Funds and Eurodollar markets for daily marked-to-market settlement with the Federal Reserve Bank.

From 1990 to 1995, Matonis worked for Visa International, where he served as the Chief Foreign Exchange Dealer and managed the trading division for 155 different currencies and over $30 billion in annual turnover. He negotiated with central banks, hedged overall financial exposure, and generated daily trading profits on VISA's worldwide clearing volume. He also developed profitability models for member banks and led the VISA regional