After a four year run as a key executive and a 50% shareholder, Boston Technologies has informed clients that Kevin Millien is departing from the firm. During his time at BT, Millien was involved in expanding the usage of the firm’s key MetaTrader 4 liquidity bridge offering as well as other broker service products. Millien arrived at BT in 2009, after him and BT CEO, George Popescu had begun collaborating together in 2008 when Millien was a Vice President at FXCM and the two worked together to launch the broker’s MT4 offering to clients using BT’s technology solutions.
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
Shortly after the FXCM MT4 launch, Millien joined Boston Technologies in 2009 as an equity partner and board member, along with being the firm’s COO and CMO. From 2009 to the present, BT repositioned itself as a broker solutions provider rather than primarily a technology firm, and launched the ‘Start Your Own Brokerage’ business model. In addition to FXCM, notable clients include Citibank, Deutsche Bank, and GFT. Millien was most recently working in the firm’s London branch, where he oversaw the FCA licensed entity Boston Prime.
The exact details behind what has led to the departure are currently being debated by both Millien and Popescu. In a letter to clients, Boston Technologies addressed that Millien was leaving the firm and pinned the departure on a disagreement between Millien and Popescu on the future direction of the company. Commenting, Popescu stated “Kevin has been an important part of the building of BT, and I view him as both a personal friend and valued colleague.” He added “but we disagreed about what was needed to move the company forward.” On his part, Millien is challenging the legalities of his dismissal and ownership rights in court, with the case in active litigation.