FX HedgePool, a peer-to-peer, institutional FX matching platform, has appointed Karen Phillips as Head of Business Development, based in New York.
In her new role, Phillips will lead the firm’s sales and relationship management efforts and report directly to CEO and Co-Founder, Jay Moore. Phillips joins from Refinitiv, where she spent the past 21 years, most recently as Americas Head of Transactions Sales and Relationship Management for FXall and Matching.
Phillips’ hire is part of a broader expansion of FX HedgePool, which recently closed an $8 million equity financing round led by Information Venture Partners (Information VP), with participation from Fidelity International Strategic Ventures (FISV) and NAventures, National Bank of Canada’s corporate venture capital arm.
With over 30 institutions now using the platform, FX HedgePool is accelerating its multi-product strategy starting with an FX Spot matching service for the WM/R benchmark. This natural extension of the Company’s product offering will serve to reduce market impact, tracking error, cost transparency and operational inefficiencies for the buy-side, while sell-side providers can reduce exposures and monetise underutilised credit lines.