DIGITEC, a German eFX pricing solutions provider, has announced the appointment of Stephan von Massenbach as the new Chief Revenue Officer who will also be the Managing Director of the company’s newly opened sales office in London.
The Hamburg-headquartered firm highlighted that the new base in London was established with the growing number of inquiries from banks and trading desks from businesses based in London, which is deemed as the global FX hub.
According to the press release shared with Finance Magnates, von Massenbach will oversee all activities in the London office, focusing on business development and sales strategy.
A Seasoned FX Expert
He joined DIGITEC from Modular Financial Technologies, where he was the Chief Executive Officer. In addition, he was a Director at Modular FX Services for the past six years. Before that, he spent three years at Lloyds Bank, first as the Head of FX Bank and e-Commerce Sales and then as the Head of FX e-Commerce.
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von Massenbach has almost two decades of industry experience. He started his career at JPMorgan and climbed the corporate ladder for ten years, parting with the company as the EMEA Head of FX e-Commerce Sales.
Commenting on his fresh appointment, von Massenbach said: “Modular FX has worked closely with DIGITEC for the past year, and I have seen firsthand the positive feedback provided by its 40 global clients.”
DIGITEC is a major player in the FX industry, becoming the global standard for FX Swaps and NDF pricing and data. Its client base includes over 40 global banks that include 50 percent of the Euromoney Top 50 FX trading firms.
“Our London office allows us to accelerate business growth, capture the growing demand for automated FX Swaps and NDF trading and extend product coverage to include pricing Precious Metals, Interest Rates and Crypto assets,” von Massenbach added.
“We are very happy to open the London office and welcome Stephan to our growing team. He brings extensive experience of FX eCommerce sales and deep domain knowledge, business development expertise and a wealth of senior industry relationships,” said Peer Joost, who joined DIGITEC as the COO earlier this year.