BT has promoted its Global Portfolio & Marketing President to lead its operations in continental Europe.

Chet Patel (pictured above) has been charged with picking up the pieces in the wake of the BT Italia scandal, which cost his predecessor his job last month.

The enterprise-focused opco was found to have been overstating the value of its earnings over a number of years.

Patel will begin his job on 1 March and report to BT Global Services CEO Luis Alvarez.

He has served as BT’s President for Global Portfolio & Marketing for the past 18 months.

Having joined BT as a graduate, he has also worked across the operator’s Consumer, Wholesale, Ventures and Global Services divisions.

Alvarez said: “Our customers across Europe look to BT and our Cloud of Clouds portfolio to help them accelerate their digital transformation.

“With a senior leader such as Chet Patel at the head of our operations in Europe, we know that they will benefit from the excellence in leadership, unmatched portfolio expertise and strong management skills that are required for long term sustainable success in a rapidly changing world.”

[Read more: Italy delivers a serious, but not mortal blow to BT’s fortunes]

The appointment was announced as BT revealed it is linking up the world’s five main foreign exchange (FX) locations with its new Radianz FX express offering.

Hubertus von Roenne, VP of Global Industry Practices at BT, said: “We’ve created managed BT Radianz FX express routes to boost the competitiveness of our financial services customers.

“With dedicated links within and between the world’s five biggest FX trading locations, BT can help FX firms lower costs while creating opportunities for international growth.”

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