AxiCorp appoints Himanshu Kher as Global CFO

The new appointee brings almost 20 years of corporate finance experience

Australian-owned Forex and Contract for Difference trading provider AxiCorp has appointed Himanshu Kher as the new Global Chief Financial Officer (CFO).

An industry veteran with almost 20 years of experience in treasury, corporate finance, risk management, capital raising and capital management, Kher will be part of AxiCorp’s top management team and will be based in Singapore.

Kher’s appointment is part of AxiCorp’s continuing push to solidify its global position.

AxiCorp CEO, Rajesh Yohannan said: “The fast pace of changes in corporate finance driven by new technology demands global companies to be agile and flexible. Given Himanshu’s decades of industry experience and in-depth knowledge of the various aspects of a global operation, we welcome him at a critical stage of our growth.”

As we pursue our focus on global expansion – tapping new markets and offering innovative products – Himanshu will play a vital role as we take advantage of more growth opportunities either through joint ventures, capital raisings or mergers & acquisitions down the line,” Yohannan added.

Over the past two years, AxiCorp has made acquisitions to bolster its global presence. In August 2018, AxiCorp acquired One Financial Markets (OFM) – a London-based FX provider with a strong presence in the Middle East. Earlier this year (February 2020), it acquired UK-headquartered trading technology company Star Financial Systems.

Commenting on his appointment at AxiCorp, Kher said: “AxiCorp has always been known for its innovation and growth focus in a rapidly changing industry. It’s a privilege for me to be joining the company at this stage in their growth and rapid expansion at a global level.”

While the company has grown tremendously over the past few years, I look forward to bringing my expertise and industry knowledge to further drive growth and efficiency,” he added.

Prior to joining AxiCorp, Kher was Group Treasurer at LMAX Exchange Group and responsible for the leadership and management of the Group’s Treasury activities as well as advising senior management on risk management strategies. Before he joined LMAX, he also served as Group Treasurer for IG Group Plc for four years where he was a member of the company’s Executive Risk Committee.

Kher has also served as Director within Group Treasury at Barclays. His other roles included senior risk-management consulting roles at Boston Consulting Group, and PwC LLP as well as options trading at BNP Paribas. He started his career as an M&A banker with Nomura Securities in Hong Kong.

Read this next

Digital Assets

Ripple seeks $10 million penalty citing Terraform fine in SEC case

Ripple Labs wants to reduce the financial penalties proposed by the U.S. Securities and Exchange Commission (SEC) by leveraging recent fines imposed on Terraform Labs.

Digital Assets

Swiss regulator shuts down CoinShares’ partially-owned FlowBank

Switzerland’s financial regulator, FINMA, has closed FlowBank SA and placed it into bankruptcy due to severe breaches of capital requirements and other supervisory laws. This follows a series of enforcement actions against the bank that began in October 2021.

blockdag

Presale Power Players: 5 Crypto Presales Primed for Success in 2024 According to Experts

Unlock the potential of the best presale cryptos available now. See why experts recommend BlockDAG, Bitbot, eTukTuk, 99Bitcoins Token, and ButtChain.

Executive Moves

Paxos axes 65 jobs, cuts headcount to below 300

Stablecoin issuer Paxos has laid off 65 employees, equating to 20% of its staff, despite maintaining a robust financial standing.

Institutional FX

US sanctions trigger major shifts in Russian FX market, says Sergey Romanchuk

The U.S. sanctions imposed on June 12 against the Moscow Exchange and its clearing entity, the National Clearing Center (NCC), are set to cause massive disruptions in the Russian currency market, according to FX industry veteran Sergey Romanchuk.

blockdag

BlockDAG’s X1 Miner App Beta Sparks $49.2M Presale Rise; Uniswap & XRP Whales Getting Involved?

Experience BlockDAG’s meteoric 1120% presale rise, Uniswap’s UNI climbing 18%, and Ripple’s XRP anticipating ETF approval. Explore their latest breakthroughs!

Market News, Tech and Fundamental, Technical Analysis

GBPUSD Technical Analysis Report 13 June, 2024

GBPUSD currency pair can be expected to fall further toward the next support level 1.2700, which has been reversing the price from last month.

Institutional FX

U.S. sanctions halt dollar and euro trading on Moscow Exchange

New U.S. sanctions against Russia have led to the immediate suspension of trading in dollars and euros on the Moscow Exchange (MOEX), the country’s largest exchange group.

Digital Assets

MicroStrategy raises $500M to buy more Bitcoin, now holds 214,400 BTC

MicroStrategy, the largest corporate investor in bitcoin, plans to raise $500 million through a convertible senior note offering, with an option for an additional $75 million.

<