LMAX Exchange Groups Strengthens its Management Team with Multiple Hirings Across Board

lmaxLMAX Exchange Group, an operator of institutional exchange in the eFX and cryptocurrency sector has made a series of new hirings to strengthen as well as to fill the capacities in the senior level management team. 

The group has secured Himanshu Kher as its Group Treasurer. This position has been newly created and Kher is the first one to handle the position. He will report directly to Grant Pomeroy, the Group Chief Financial Officer (CFO) at LMAX.

His role will include providing leadership and management of all the group’s treasury activities and advise senior management on risk management strategies for foreign exchange. Other duties include oversight of bank relationships, optimising cash and working capital management processes, identify opportunities to enhance the revenue contribution of the Treasury Department. 

Kher has over 18 years of experience in the in treasury operations, corporate finance, risk management and stakeholder management roles. Mr Kher is joining LMAX Exchange Group from IG Group, where he was Group Treasurer for almost four years. He has also worked with Barclays, Boston Consultancy Group and PwC LLP.

Commenting on the appointment Grant Pomeroy, the Group CFO said:

“The establishment of this new position within the Group’s Treasury function is a clear demonstration of how quickly LMAX Exchange has grown in recent years. Efficient management of our growing cash resources is vital to cementing our position as a profitable, high-growth player in global capital markets.”

Kher also added:

“LMAX Exchange is a recognised leader in institutional FX trading and crypto markets, and I am excited to have joined the firm at such a progressive time in its history. I look forward to bringing my experience to bear in contributing to its future success.”

The group has also strengthened its Asia Pacific team with the appointments of Jason Huang as Head of Sales and Shang Lin as an Institutional Sales Executive. The new appointments will help the group to leverage its liquidity solutions in the key growth markets and further strengthen its presence in the Asia Pacific region, improving accessibility. Both executives will be based in LMAX Exchange’s Singapore office.

Commenting on the appointments, Scott Moffat, LMAX’s Managing Director of Asia Pacific said:

“We have identified a genuine need among institutional market participants for order-driven firm liquidity and a growing focus on transparency, precision and consistency in execution. Crucially, both Jason and Shang possess extensive experience servicing institutional clients and have a deep understanding of the Asia Pacific FX market. I believe that their industry knowledge and expertise will help us accelerate our regional growth in the years to come.”

LMAX Exchange CEO  David Mercer also noted:

“Asia’s contribution to our global business continues to grow at a tremendous rate. In 2018, our Asia Pacific franchise doubled volumes and delivered 28% growth in execution revenue. Among institutional clients, we saw even steeper levels of growth.”