FX HedgePool, the leading peer-to-peer, institutional FX matching platform, is pleased to announce the addition of Karen Phillips as Head of Business Development, based in New York.
“When we set out to fill this role, we were looking for a unique set of skills. Few people can claim to have done so much in their career in FX as Karen, so the choice was obvious. She’s got a long history of building strong relationships and delivering product solutions to meet the ever-changing needs of both the buy- and sell-side and we couldn’t be happier to welcome her to our growing team,” says Moore.
“I am thrilled to be joining Jay and the amazing team at FX HedgePool and look forward to working closely with market participants to continue building innovative solutions for the FX community. I am excited to again be at an early-stage company introducing new technology and ideas to the FX market,” adds Phillips.
Phillips’ hire is part of a broader expansion of FX HedgePool, which recently closed an $8 million equity financing round led by Information Venture Partners (Information VP), with participation from Fidelity International Strategic Ventures (FISV) and NAventures, National Bank of Canada’s corporate venture capital arm.
With over 30 institutions now using the platform, FX HedgePool is accelerating its multi-product strategy starting with an FX Spot matching service for the WM/R benchmark. This natural extension of the Company’s product offering will serve to reduce market impact, tracking error, cost transparency and operational inefficiencies for the buy-side, while sell-side providers can reduce exposures and monetize underutilized credit lines.