UK registered FX Broker Ballinger & Co. yesterday announced the appointment of Will Tracey, one of FX’s leading lights, as its Executive Chairman and largest shareholder. Ballinger & Co. provides foreign exchange services to corporate and private clients worldwide and is regulated by the Financial Conduct Authority (FCA).
Tracey is the co-founder of Schneider Foreign Exchange, which he helped build into one of the world’s leading commercial FX businesses and played a central role in its sale to Banco Monex in 2012 for $110m. He then led the growth of Monex Europe for 7 years, overseeing the company’s expansion to 4 continents, over 250 staff, and consistently strong revenue growth.
Ballinger & Co. will bolster its leadership team with years of experience from Tracey, who will oversee Ballinger & Co.’s trading operations and sales activity.
Tracey commented on the appointment, saying: “it is an incredibly exciting time to join Ballinger & Co. The FX market is changing, and the pandemic is presenting new challenges and opportunities for our clients. Ballinger is creating a pioneering, entrepreneurial culture and sophisticated offering which will deliver real value to our clients and shareholders. With the support and scale of our partners, and the strength of the team that we are assembling, we are confident we will become the market-leader in the space.”
Commenting on Will Tracey’s appointment, Tom Dudderidge, CEO of Ballinger & Co, said: “we are delighted that Will has joined Ballinger & Co. as Executive Chairman. It is no overstatement to say that Will wrote the playbook for our industry – his record speaks for itself. There is genuinely no one better placed to help Ballinger grow and with Will on board, we are looking to rapidly expand the business globally.”