The growth-focused private equity arm of Morgan Stanley is committing $15 million to Integral. The technology provider is focusing on raising additional capital to expand its market outreach.
Morgan Stanley Expansion Capital’s investment is providing Integral with significant resources. Aside from the obvious financial benefits, the network of contacts of the US investment bank is likely to deliver to Integral additional benefits.
Commenting on the deal, the Managing Principal of Morgan Stanley Expansion Capital, Robert Bassman, said: “We seek to invest in proven and scalable companies that provide highly differentiated offerings like Integral.”
“We believe that Harpal and his team have developed an innovative and best-in-class FX technology platform which successfully addresses the unique needs of its customer base,” Bassman added.
Integral has been providing its services to leading banks, brokers, and asset managers for years. The company has been posting monthly volumes reports which are demonstrating healthy growth.
Over 200 Institutional Clients
The CEO and founder of Integral, Harpal Sandhu elaborated that the company has now over 200 institutional clients.
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“We look forward to partnering with Morgan Stanley Expansion Capital and leveraging their deep experience and global resources,” Sandhu explained.
The technology provider’s growth-oriented strategy is reinforced by some recent hires. The company onboarded industry veteran Gavin Bambury as its new CTO in September.
The former ION Trading CEO and COO also served as Citigroup’s CTO in fixed income and currency sales and trading over a period of 15 years. A four-year stint at Deutsche Bank followed before he ended up at ION Trading in 2011.
“The market opportunity for Integral has never been better,” said Harpal Sandhu.
Last month, Integral also onboarded a new Head of EMEA. The firm attracted an experienced new hire, Lars Olesen.
The seasoned industry veteran whose career spanned across multiple reputable companies started earlier this month. Throughout his 20 years tenure in the FX industry, Olesen worked at Citi, Saxo Bank, and Lloyds.