Philip Wright Joins Chip as Chief Financial Officer - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


Philip Wright Joins Chip as Chief Financial Officer

April 8, 2020

Chip - Philip WrightChip, the UK based money savings mobile app operator announced the appointment of new member to its executive team. As per statement released by the firm, it has onboarded Mr. Philip Wright to serve as its new Chief Financial Officer. To those hearing about the firm for first time, Chip is a mobile platform (iOS/Android) based app which uses AI based data and open banking APIs to help its users boost their savings and manage money spending patterns to achieve their goals. In his new role as Chief Financial Officer at Chip, Philip is responsible for handling the firm’s financial operations. The incoming executive is a veteran with nearly 25 years of experience in serving senior level financial management roles across wide range of industries.

Aside from his current role at Chip, he is also serving as a Director at ALTFIN solutions Ltd were he provides advisory service on wide range of finance systems and most notably helped a firm restructure its business operations as socially responsible lender with internally built SaaS platform. Some of his other notable roles include interim financial operations director at Funding Circle UK, CFO at Auto Service Finance, Babylon health, Wonga Group Limited and Client Finance Leader at GE Capital for Store and Affinity Cards unit, Head of Finance at HBOS for their Affinity and Partnership Card Services, Finance Director at Transnational Ltd and Senior Finance Manager at Lehman Brothers.

Commenting on his new role at the firm Philip said, “I’m very excited to join the team at Chip. They are doing some amazing things, and it’s brilliant to see how resilient the company is. From the recent FCA authorization and a roll-out of new features (such as giving Chip savers access to FSCS accounts through partner banks), to a lot more news and updates in the pipeline, I’ve joined Chip at a very exciting time. It’s an absolute pleasure to play a key role in shaping the future of Chip and helping build an app that can enable people to save for the rainy days, as well as the sunny ones”.

Speaking about Philip’s addition to the team, Simon Rabin CEO of Chip said, “I’m delighted to welcome Phil to the team. It has been a turbulent time for everyone, but our savers’ response and the influx of new savers are strong indications that not only can Chip weather this storm, but it can also be a very helpful tool in other unexpected financial shocks in the future. As we continue to navigate these uncharted waters, I’m very happy to have Phil on board, and have his wealth of experience and expertise to help us steer this ship”.

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