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.
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
Swaps
Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of SwapsCommon types of swaps include interest rate swaps, commodity swaps, currency swaps, and debt-equity swaps.Interest rate swaps are used to hedge against interest rate risk and involve cash flows exchanged between two parties that are comprised of a notional principal amount. A financial intermediary or a bank is used for swaps but these are dependent upon both party’s comparative advantage.Commodity swaps use the exchange of a floating commodity price, with a predetermined set price for a specific period while crude oil is the most heavily swapped commodity. Meanwhile, currency swaps involve the exchange of principal payments of debt and interest that are denominated in different currencies. An example of a currency swap would be when the U.S. Federal Reserve conducted a swap with central banks of Europe during the 2010 European financial crisis.Used as a way to reallocate capital structure or refinance debt, a debt-equity swap deals with the exchange of debt for equity. For instance, a public traded company would issue bonds for stocks. Swaps are not exchange-traded instruments but rather customized contracts traded in an over-the-counter market between parties. While the swaps industry is primarily used by firms and financial institutions, retail traders have been known to participate although there is always a risk of counterparty’s defaulting on agreed-upon swaps.
Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of SwapsCommon types of swaps include interest rate swaps, commodity swaps, currency swaps, and debt-equity swaps.Interest rate swaps are used to hedge against interest rate risk and involve cash flows exchanged between two parties that are comprised of a notional principal amount. A financial intermediary or a bank is used for swaps but these are dependent upon both party’s comparative advantage.Commodity swaps use the exchange of a floating commodity price, with a predetermined set price for a specific period while crude oil is the most heavily swapped commodity. Meanwhile, currency swaps involve the exchange of principal payments of debt and interest that are denominated in different currencies. An example of a currency swap would be when the U.S. Federal Reserve conducted a swap with central banks of Europe during the 2010 European financial crisis.Used as a way to reallocate capital structure or refinance debt, a debt-equity swap deals with the exchange of debt for equity. For instance, a public traded company would issue bonds for stocks. Swaps are not exchange-traded instruments but rather customized contracts traded in an over-the-counter market between parties. While the swaps industry is primarily used by firms and financial institutions, retail traders have been known to participate although there is always a risk of counterparty’s defaulting on agreed-upon swaps.
Read this Term 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.
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.
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
Swaps
Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of SwapsCommon types of swaps include interest rate swaps, commodity swaps, currency swaps, and debt-equity swaps.Interest rate swaps are used to hedge against interest rate risk and involve cash flows exchanged between two parties that are comprised of a notional principal amount. A financial intermediary or a bank is used for swaps but these are dependent upon both party’s comparative advantage.Commodity swaps use the exchange of a floating commodity price, with a predetermined set price for a specific period while crude oil is the most heavily swapped commodity. Meanwhile, currency swaps involve the exchange of principal payments of debt and interest that are denominated in different currencies. An example of a currency swap would be when the U.S. Federal Reserve conducted a swap with central banks of Europe during the 2010 European financial crisis.Used as a way to reallocate capital structure or refinance debt, a debt-equity swap deals with the exchange of debt for equity. For instance, a public traded company would issue bonds for stocks. Swaps are not exchange-traded instruments but rather customized contracts traded in an over-the-counter market between parties. While the swaps industry is primarily used by firms and financial institutions, retail traders have been known to participate although there is always a risk of counterparty’s defaulting on agreed-upon swaps.
Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of SwapsCommon types of swaps include interest rate swaps, commodity swaps, currency swaps, and debt-equity swaps.Interest rate swaps are used to hedge against interest rate risk and involve cash flows exchanged between two parties that are comprised of a notional principal amount. A financial intermediary or a bank is used for swaps but these are dependent upon both party’s comparative advantage.Commodity swaps use the exchange of a floating commodity price, with a predetermined set price for a specific period while crude oil is the most heavily swapped commodity. Meanwhile, currency swaps involve the exchange of principal payments of debt and interest that are denominated in different currencies. An example of a currency swap would be when the U.S. Federal Reserve conducted a swap with central banks of Europe during the 2010 European financial crisis.Used as a way to reallocate capital structure or refinance debt, a debt-equity swap deals with the exchange of debt for equity. For instance, a public traded company would issue bonds for stocks. Swaps are not exchange-traded instruments but rather customized contracts traded in an over-the-counter market between parties. While the swaps industry is primarily used by firms and financial institutions, retail traders have been known to participate although there is always a risk of counterparty’s defaulting on agreed-upon swaps.
Read this Term 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.
