London-based OpenPayd Bolsters Senior Ranks with Experienced Hires
OpenPayd, a leading banking-as-a-service (BaaS) platform, has recently announced two significant senior appointments in London. Lux Thiagarajah and Richard Usher will be joining the payments firm on October 1st, bringing with them extensive expertise in the field of foreign exchange (FX). Both new hires come from FalconX, a prominent crypto prime broker, where they worked as head of commercial FX and head of FX trading, respectively.
Experienced Professionals Join OpenPayd
Lux Thiagarajah, who will be taking on the role of director of growth at OpenPayd, boasts an impressive background in commercial FX. Prior to his position at FalconX, he served as chief revenue officer at BCB Group, a crypto payments firm. Thiagarajah’s experience extends beyond the realm of cryptocurrency, having held positions at investment banks JPMorgan and HSBC. His extensive knowledge and understanding of the complex landscape of FX trading will undoubtedly be an asset to OpenPayd.
Richard Usher, who will assume the role of director of trading at OpenPayd, also comes from a prestigious background in FX trading. As head of FX trading at FalconX, he was instrumental in shaping the company’s foreign-currency trading offering. Usher’s experience in OTC trading and his previous tenure as head of OTC trading at BCB Group have equipped him with a unique understanding of the intricacies of FX markets. His appointment is expected to significantly enhance OpenPayd’s trading capabilities.
Continued Collaboration with FalconX
Although Thiagarajah and Usher are joining OpenPayd, they will retain their advisory roles at FalconX. This collaborative approach demonstrates the mutual respect and confidence between both companies, with FalconX recognizing the value of retaining key personnel as they transition to new roles.
In a statement, a FalconX spokesperson expressed gratitude for Thiagarajah and Usher’s contributions during their tenure: "Our FX desk is a distinct offering in the crypto brokerage space, and we’re grateful for Lux and Rich’s efforts in supporting our expansion." The company is now focused on scaling its electronic FX trading platform, with Hilal Mehydene joining their growing FX team.
A New Era of Growth at OpenPayd
With the addition of Thiagarajah and Usher to their senior ranks, OpenPayd is poised for significant growth. Both new hires will play a pivotal role in developing and driving commercial and trading capabilities for customers. In a statement, Lux Thiagarajah expressed his enthusiasm about joining the team: "We are incredibly excited to be joining the great team at OpenPayd to help develop and drive the commercial and trading capabilities we can offer our customers."
OpenPayd’s commitment to innovation and its ability to attract top talent underscores the company’s dedication to providing exceptional services to its clients. As Lux Thiagarajah and Richard Usher embark on this new chapter, they will undoubtedly contribute significantly to shaping the future of OpenPayd.
Conclusion
The hiring of Lux Thiagarajah and Richard Usher by OpenPayd marks a significant milestone for the company. With their extensive experience in FX trading and commercial growth, they are poised to make substantial contributions to the development of OpenPayd’s capabilities. As the banking-as-a-service landscape continues to evolve, OpenPayd’s ability to attract top talent will undoubtedly position it as a leader in the industry.
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