MillTechFX, an independent, comparative multi-bank FX marketplace, has appointed Gal Hochberg, a fintech executive, cybersecurity expert and serial entrepreneur, as a Non-Executive Board Member to its main UK operating company.
Hochberg has over 15 years of experience building and leading software companies in the areas of cybersecurity, artificial intelligence, machine learning and blockchain. He co-founded Clear, a company automating settlement between the world’s largest telecommunication companies, and HiredScore, an AI HR company used by Fortune 500 companies.
Hochberg has led cybersecurity advisory engagements with multinational corporations and served as a decorated officer in the Israeli Defense Force. He also founded GetPensia, a social impact company, to reduce the fees low-income savers in Israel pay for their pension.
MillTechFX is opening up the world of comparative multi-bank FX execution by harnessing the purchasing power of Millennium Global, which has 25 years of FX expertise, USD600 billion in annual FX volume and USD20 billion assets under management, to provide corporates and institutional investors with vastly preferential rates from 10-plus counterparty banks, enabling best execution.
Eric Huttman, CEO of MillTechFX, says: “Gal has a wealth of experience and is very well-respected in the industry, so we are very pleased he has joined the MillTechFX board. With the cybersecurity threat growing globally, his strong track record in developing secure systems and platforms will be crucial in helping ensure our defences remain as strong as possible. We look forward to working closely with Gal as we move to cut costs and streamline workflow for asset managers and corporate treasurers through our secure FX marketplace.”
Gal Hochberg, MillTechFX’s Non-Executive Director, says: “MillTechFX is a true fintech in that it found a major problem – asset managers and corporate treasurers getting a bad deal in their FX execution – and built a team with relevant experience and laser-focused, secure technology to tackle it. I have been very impressed by the platform and the team that Eric has built at MillTechFX. I look forward to helping the firm achieve its aim of creating a fairer FX market for all participants.”