FXone Taps Margaret Chan as Interim CEO, Following Departure of Ingargiola

Veteran Seabury Exec, Margaret Chan will be assuming the reigns of FXone following the departure of CEO Rosario Ingargiola earlier

FXone – Seabury Financial Solutions LLC, a subsidiary of Seabury Group LLC, has appointed Margaret Chan, the acting Chief Executive Officer (CEO) of Seabury Asset Management to the additional role of interim CEO of FXone, according to a Seabury statement.

Earlier this week, FXone – Seabury Financial Solutions lost one of its key architects and executive leaders, following the departure of Rosario Ingargiola. Mr. Ingargiola had served as the President and Chief Executive Officer (CEO) of FXone – Seabury Financial Solutions. He originally founded FXone back in November 2011, which was subsequently acquired by global investment bank, Seabury Group in November 2012.

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In light of the departure of Mr. Ingargiola, Mike Bundy, the group’s Chief Technology Officer (CTO) and Co-Founder & Principal GUI Architect Jay Marvin will be working with Ms. Chan to help foster a smooth leadership transition. Ms. Chan has been a mainstay at Seabury Group for nearly fifteen years, dating back to 2001 when she joined the company. Prior to Seabury, she also served as the Managing Director of Merrill Lynch, according to information made public on her LinkedIn profile.

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According to Ms. Chan in a recent statement on the appointment, “I look forward to leading this dynamic team as both Seabury and FXone leadership are confident and enthusiastic about delivering a compelling future for FXone. As FXone continues on a rapid growth path in the face of increasing global demand for our unique e-trading platform, our team’s capabilities will also continue to expand, as yet again we’re adding core talent with proven skill sets in the areas of software engineering, sales, and distribution.”

“We’ve spoken to our clients and they continue to be enthusiastic supporters of Seabury Financial Solutions and our technology platform. They also understand the commitment that Seabury has made in supporting our growth strategies to achieve even higher levels of performance,” she added.

“FXone is a perfect complement to Seabury and its group of companies. We also see significant synergies between FXone and Seabury’s leading-edge enterprise software applications and continue to support its innovative technology and deep electronic trading expertise,” noted John E. Luth, Founding Partner and Chief Executive Officer of Seabury Group, in an accompanying statement.

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