Barracuda FX, a supplier of order management systems (OMS) to the FX industry, has announced the election of Mark Redwood to the board of directors. Barracuda FX was founded in 2009 by a team of industry professionals in Dublin, Ireland. The company has concentrated on supplying its order management solution to top-tier and mid-tier banks.
Mr Redwood’s appointment, confirmed in December 2012, is part of Barracuda FX’s plans to accelerate growth and establish themselves as the industry leader for OMS technology. Kieran Fitzpatrick, CEO says of Redwood’s appointment: “More than anyone, Mark understands the challenges of building a technology business in the FX industry. His integrity, experience and our shared values make him the ideal person to help us guide the company through the next stage of growth, and we are delighted to have him join our board of management.”
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Viewing the company as an innovator, Mark Redwood explains: “Technology continues to push boundaries in the FX industry and Barracuda FX’s innovative order management technology has really impressed me. They are a forward-thinking company with much more to bring to the market and I am excited to be part of their OMS revolution.”
Until the end of December 2010, Mr Redwood held the position of President of Sales & Trading at Thomson Reuters. From 2006 he was CEO of Reuters Transaction Services and also a non-executive director at Tradeweb. He joined Reuters in December 2002 following its acquisition of AVT Technologies, a pioneer in foreign exchange transaction technology, which Mr Redwood founded in 1989. As CEO of AVT, he built a blue-chip customer base that at the time included leading global financial institutions such as ABN AMRO, Bank of New York, Dresdner Kleinwort Wasserstein, JP Morgan and UBS.