FXD Capital is pleased to announce the appointment of Justin Meadows as Non-Executive Director with immediate effect.
Justin Meadows, founder and former CEO of NEX Treasury (formerly MyTreasury), an award-winning platform that connects a global community of Treasurers, Banks and Money Market Funds. NEX Treasury was a division of NEX Group, formerly ICAP’s electronic FX and fixed income business which in 2018 was acquired by CME Group for £3.9bn.
Chris Huddleston, Co-Founder and CEO of FXD Capital said: “Justin is a great addition to our board and signifies the next phase of our ambitious growth plans”.
FXD Capital was founded in 2018 by Chris Huddleston and Bobby Jackson, having spent almost a decade working at one of the UK’s leading specialist banks. FXD works with corporates, institutions, government agencies and not-for-profit organisations by helping clients to reduce counterparty risk, enhance liquidity and achieve better returns on their cash deposits. Bridging the gap between depositor and bank, FXD offer term deposits, notice accounts and money market funds from a diverse range of banks and asset managers.
Justin Meadows said: “FXD Capital meets my investment and involvement criteria in that what it offers is simple but powerful and truly unique. Their high-quality relationships are being used to help treasuries proactively improve their capital efficiencies without corresponding increase in risk. What they do for each and every client is bespoke and builds on their years of experience to achieve outcomes that simply aren’t accessible to cash managers who don’t have the same breadth and depth of knowledge of the market and its participants. What’s refreshing to see is the interest of FXD Capital in really understanding their client’s needs as well as the banks funding requirements leading to optimum solutions on all sides. They represent the logical next step in the evolution of traditional voice broking to deliver a powerful ecosystem of voice and electronic trading for cash managers of all sizes, types and levels of sophistication”.
Bobby Jackson, Co-Founder and MD of FXD Capital said: “Justin founded MyTreasury signifying a behavioural change nearly a decade ago. Back then a real emphasis was diversification and a more efficient route to market. The cycle we find ourselves in again is a very similar place to where Justin once was and we are looking forward to his involvement in the business to continue to challenge the status-quo”.