freemarketFX, the London based currency exchange has appointed of Rich Ricci as Chairman.
freemarketFX has developed its own secure and robust proprietary technology to allow individuals and businesses to achieve cost effective currency exchange. freemarketFX’s technology removes the problem of currency purchase and sale spread costs faced by both businesses and individuals who have foreign currency requirements. freemarketFX’s technology allows both companies and individuals to directly match their currency requirements significantly reducing the cost of purchase or sale. The platform charges a fixed 0.2 per cent commission.
As Chairman, Ricci will provide strategic oversight to help freemarketFX continue the impressive growth it achieved in 2015.
Ricci was formerly the CEO of Barclays Corporate and Investment Banking. He brings over 30 years of business experience to freemarketFX having previously held a diverse range of senior operational, technology, and front-office executive roles at major global banks.
Ricci says: “I am hugely excited to be working alongside freemarketFX’s strong management team, led by Alex Hunn, and to be joining the FinTech revolution. Well applied technology in the financial sector is bringing significant benefits to individuals and businesses. freemarketFX has developed a robust and secure currency exchange business, allowing its technological benefits to be applied to this sector and significantly reduce transaction costs for the benefit of its customers.”
Alex Hunn, the founder and Chief Executive of freemarketFX, says: “We are thrilled to have Rich join the freemarketFX team. To have someone of his experience become actively involved in the company is a huge vote of confidence and further validates our business model and unique proposition.”