Monex Europe appoints three top executives to FX specialist

Monex Europe has announced three major appointments at the London-based operation: David Whitcroft as Group Director of Risk & Treasury, John Gallagher as Group Chief Technology Officer and Executive Director, and Jacques de Villiers as Director of Digital Strategy.

The European corporate FX and hedging provider has recently appointed Tom Farrow, Group Director of Trading and William Crossley, Group Sales Director to the firm’s Board of Directors.

Nick Edgeley, Chief Executive Officer at Monex Europe, commented: “We extend a warm welcome to David, John, and Jacques, who each have a wealth of experience and industry accomplishments under their belts. Their appointments underline our ability to attract talented individuals to our team, ensuring Monex is in the best possible position to deliver a world-class service to our clients.”

David Whitcroft joins from WorldRemit

David Whitcroft joins Monex Europe from WorldRemit, where he developed its treasury and risk functions as Group Treasurer. Prior to this, he served as Group Treasurer for Doha Bank, Qatar and Al HIlal Bank, U.A.E. Other risk & treasury positions include National Australia Bank, Barclays Bank and CIBC.

At Monex Europe, David Whitcroft will drive a new agenda for risk & treasury within the firm, including but not limited to supporting and enabling a range of new customer products, streamlining risk processes, evolving all risk & treasury reporting, onboarding new banks and liquidity partners, and ensuring optimal returns on liquidity and capital.

David Whitcroft, Group Director of Risk & Treasury at Monex Europe, said: “I am delighted to be joining the team at Monex. I look forward to building on the excellent work of the risk & treasury department, enhancing our controls and executing on solutions that support the growth of the business.”

John Gallagher joins from Mastercard

John Gallagher joins from Mastercard, where he was responsible for the management and governance of Mastercard’s global consumer applications products and platforms and for the transformation of their Cloud native platforms and agile development capabilities. Prior to this, John was Chief Technology Officer at VeriFone Systems, responsible for their global payment processing services, and a Chief Information Officer and IT Director at Barclays Bank.

The new Chief Technology Officer will be in charge of developing new technology capabilities and working with newly appointed Director of Digital Strategy Jacques de Villiers to build new product offerings that enhance Monex’s automated FX and payment solutions.

John Gallagher, Group Chief Technology Officer and Executive Director, said: “Monex has an outstanding reputation of being a collaborative, innovative and client-focused leader in the corporate FX and hedging world. I am incredibly excited to join Monex in this exciting phase of our development, working with Jacques and others across the business to deliver the products and capabilities for new and existing clients that will help them to succeed.”

Jacques de Villiers joins from Global Reach Group

Jacques de Villiers has over 15 years of international experience within the foreign exchange industry and has led the establishment of a new international business, oversaw two successful M&A integrations, and established and managed several trading desks.

As Director of Digital Strategy, he will be responsible for developing Monex’s FX solutions and connectivity; expanding the firm’s range of products and helping the business scale.

Jacques de Villiers, Director of Digital Strategy, said: “It’s an incredibly exciting time to be joining the firm, and I look forward to working closely with John to strengthen our core digital offering, scaling the business through enhanced automation and unlocking new revenue streams.”

Monex Europe offers a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments.

Services provided by Monex Europe Limited are limited to money remittance, unregulated spot FX transactions and forwards excluded from MiFID regulation on the basis that they are entered into for the purposes of payment facilitation and treated in the same way as spot FX. These forwards are not subject to MiFID II or EMIR.

Monex Europe Limited is authorised and regulated by the Financial Conduct Authority (FCA) under the Payment Services Directive (PSD) as an Authorised Payment Institution.