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.

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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.

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.

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.

Test your knowledge, win a prize! Take the Finance Magnates quiz...

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.

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.