Former Barclays Chief Executive Officer (CEO) Rich Ricci has opted to join the ranks of fintech startups, landing at peer-to-peer (P2P) currency exchange venue freemarketFX as its newest chairman with immediate effect, according to a freemarketFX statement.
Mr. Ricci’s last foray into the traditional financial services industry ended back in 2013 when he announced his retirement from Barclays Corporate and Investing. He served in a variety of senior level roles at Barclays for several years, and has since been a key figure and thought leader in early stage companies.
Mr. Ricci’s career has spanned over three decades – including stints as an operational, technology, and front-office executive, mainly at leading investment banks, and most recently at Barclays.
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freemarketFX is a peer-to-peer currency exchange that was launched back in 2011 by former Credit Suisse, First Boston and Deutsche Bank Vice President and Director Alex Hunn. The venue helps provide services for a panel of currency crosses over a proprietary marketplace platform.
Well applied technology in the financial sector is bringing significant benefits to individuals and businesses
According to Mr. Ricci in a recent statement on the appointment: “Well applied technology in the financial sector is bringing significant benefits to individuals and businesses.”
“FreemarketFX has developed a robust and secure currency exchange business, allowing its technological benefits to be applied to this sector and significantly reduce transaction costs for the benefit of its customers,” he added.