Currencycloud appoints new CEO and CTO

Karthik Subramanian

Currencycloud, the fintech company that helps companies and businesses to launch services for currency conversions and cross-border payments, has announced the appointment the industry veteran Mark Ledsham as the new COO.

USD Currency swap

In addition to this, another veteran, Neil Drennan, has also joined the company as the new CTO. It may be noted that Mark was the CEO of before joining Currencycloud while Neil was the CTO at 10X Future Technologies. The pair of industry veterans are expected to help scale the company’s infrastructure and help it to expand globally. They would also be expected to lead the new strategy and build for the Currencycloud platform in the coming months.

Mike Laven, CEO, Currencycloud, said, “Mark and Neil are top-quality talents and we’re extremely pleased to welcome them aboard. These new roles will allow the business to focus on key areas of development as we aim to continue our ambitious growth plans.”

It may also be noted that Visa had recently acquired Currencycloud for $983 million and it was clear at that time that there would be a shakeup at the top as the new owner, Visa, would like to bring in old hands with a lot of industry experience to align the company growth and expansion into Visa’s overall strategy for the industry. Visa and Currencycloud had already been working closely together as each of them was helping the other in moving funds across borders and with a minimum of hassle and charges as well and this acquisition was expected to improve this partnership further.

Cross border payments have always been a bottleneck for many retail and institutional clients and over the last couple of years, this industry has faced a lot of disruption through the introduction of crypto and other forms of digital payments which have made the cross border payments much more secure, faster and smoother for all involved. The costs involved in this movement of funds have also been brought down to a large extent during this period which has also helped to reduce the barriers of entry for other players into this industry. This has placed established players like Visa and Currencycloud under a lot of pressure to partner together and upgrade their systems and infrastructure to keep pace with the competition.

Read this next

Retail FX

eToro supports Immutable X (IMX), Livepeer (LPT) and Cartesi (CTSI)

Israeli social trading network eToro has added support for trading three new tokens. Immutable X (IMX), Livepeer (LPT) and Cartesi (CTSI) are the next coins to join eToro’s list of featured digital assets.

Executive Moves

LiquidityBook hires Fintech veteran Jonathan Cross to lead EMEA business

LiquidityBook, a provider of FIX and OMS trading solutions for both the buy and sell-side, has added Jonathan Cross to its business team for the EMEA region.

Retail FX

Interactive Brokers’ traders now have direct access to TradingView

Professional charting and trading platform, TradingView has integrated the US-listed brokerage firm Interactive Brokers as the latest online trading partner.

Digital Assets

This Web3 infrastructure provider is on the verge of a radical upgrade

The crypto industry fueled the anticipation of the arrival of web3 with the introduction of Decentralized Finance, Metaverse, and more. And today, that web3 is finding support from various developers looking to build and develop the space to extract the most benefits out of it.

Digital Assets

Crypto bots: trading assistant 

The cryptocurrency market is a volatile one, with huge gains and dramatic dips. However, the most informed traders can use automated tools to maximize profits while minimizing risks. 

Retail FX

Cryptos Seed Review – What Makes This Broker Stand Out (2022)

Read our Cryptos Seed review today to learn all you need to know about Cryptos Seed before signing up with the broker( – by Finance Feeds.

Institutional FX

Citadel goes live with FX NDFs trades on LCH ForexClear

“This builds on the strong growth at the service, which has historically been driven by a focus on margin efficiencies that will only increase with Phase 6 of the uncleared margin rules in September 2022.”

Digital Assets

Crypto platform Bitfrost registers as VASP in Gibraltar ahead of DLT License

“We’re now looking at the next steps necessary to obtain authorisation to operate as a fully regulated DLT or Virtual Asset Service Provider.”

Industry News

Poland’s GPW to acquire Armenia’s stock exchange

GPW will become the majority shareholder of AMX with a block of 967 shares, representing a 65.03% stake in the company’s share capital. CBoA will hold 372 shares representing a 25.02% stake in the company’s share capital. The remaining 9.95% i.e. 148 shares are AMX’s treasury shares.