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Himanshu Kher joins LMAX Exchange as Group Treasurer

Roland WhiteLondon, 21 January 2019 – LMAX Exchange Group (“LMAX Exchange” or “the Group”), a leading player in global capital markets that operates multiple institutional exchanges for electronic trading of FX and crypto currencies, has appointed Himanshu Kher as Group Treasurer. Himanshu began in this newly created role with LMAX Exchange at the start of 2019, having joined the firm from FTSE 250-listed IG Group plc, for whom he was also Group Treasurer.

Himanshu, who reports to Grant Pomeroy, Group Chief Financial Officer (CFO), brings 18 years of treasury, corporate finance, risk management and stakeholder management experience from a career spent with respected global brokerages, banks and consulting organisations. Prior to joining IG Group, Himanshu was a Director within Group Treasury at Barclays. Himanshu’s other roles included senior risk-management consulting roles at Boston Consulting Group and PwC LLP. He started his career as an M&A banker with Nomura Securities in Hong Kong.

At LMAX Exchange Himanshu is responsible for providing leadership and management of the Group’s Treasury activities and advising senior management on risk management strategies for foreign exchange. Other responsibilities include overseeing bank relationships as well as optimising cash and working capital management processes. He will also identify and implement opportunities to enhance the Treasury department’s contribution to company revenue generation.

Commenting on the appointment, LMAX Exchange CEO, David Mercer said: “We are delighted to welcome Himanshu to LMAX Exchange. He has deep industry experience in treasury and risk management within capital markets at a variety of large public companies.

His expertise will be a significant asset to us as we continue our global growth trajectory, which has been driven by ever-increasing client demand for order-driven firm liquidity and transparent, precise and consistent execution, in addition to our status as the only independent global player for institutional currency trading”.

Group CFO, Grant Pomeroy said: “The establishment of this new position within the Group’s Treasury function is a clear demonstration of how quickly LMAX Exchange has grown in recent years. Efficient management of our growing cash resources is vital to cementing our position as a profitable, high-growth player in global capital markets.

The maturity of the business and the outlook for continued growth across our exchanges has led us to place an enhanced focus on optimising returns from surplus funds. Himanshu’s track record demonstrates that he is highly skilled at this as well as in the important area of developing credit relationships with local banks”.

Himanshu Kher commented: “LMAX Exchange is a recognised leader in institutional FX trading and crypto markets, and I am excited to have joined the firm at such a progressive time in its history. I look forward to bringing my experience to bear in contributing to its future success”.


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About LMAX Exchange

LMAX Exchange Group (LMAX Exchange), a leading player in global capital markets that operates multiple institutional exchanges for electronic FX and crypto currency trading.

Leading the transformation of the global FX marketplace to transparent, fair, precise and consistent execution, LMAX Exchange has been widely recognised for industry innovation and award-winning proprietary technology. The Group’s portfolio includes LMAX Exchange (FCA regulated MTF), LMAX Global (FCA regulated Broker) and LMAX Digital, the institutional crypto currency exchange.

Servicing funds, banks, brokerages, asset managers and proprietary trading firms, the company offers an anonymous, regulated and rules-based trading environment with strict price and time priority order execution at ultra-low latency. Clients benefit from access to real-time streaming market and trade data, which enables the control of execution quality and total trading costs.

LMAX Exchange operates a global exchange infrastructure with matching engines in London, New York and Tokyo. The company’s institutional client base spans over 100 countries

LMAX Exchange Group www.lmax.com

Financial technology awards:

2017 Best FX Trading Venue - (ECN/MTF) – Fund Technology and WSL Awards more

LMAX Exchange has been awarded The Fund Technology and WSL Awards “Best FX Trading Venue - ECN/MTF”. The award honours excellence among providers to the institutional trading industry. close

2016 Best Trading & Execution Technology – HFM US Technology Awards more

The HFM US Technology awards recognise hedge fund technology providers that have demonstrated exceptional customer service and innovative product development in the past 12 months. close

2013 Best Overall Testing Project – The European Software Testing Awards more

The European Software Testing Awards (TESTA) recognise excellence and innovation in the software testing and quality assurance across a variety of industries. close

2011 Best Trading System – Financial Sector Technology Awards more

The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector.close

2011 Innovative Programming Framework – Oracle Duke's Choice Awards more

Oracle’s Duke's Choice Awards celebrate extreme innovation in the world of Java technology and are granted to the most innovative projects using the Java platform. close

FX industry awards:

2017, 2016, 2015, 2014, 2013 Best FX Trading Venue - (ECN/MTF) – WSL Awards more

LMAX Exchange has been awarded The WSL Awards “Best FX Trading Venue - ECN/MTF” for four consecutive years. The awards honour excellence among providers to the institutional trading industry. close

2017, 2016, 2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more

LMAX Exchange has been awarded The Profit & Loss Readers’ Choice Awards “Best Margin Sector Platform” for five consecutive years. These awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year. close

2017, 2013 Best Execution Venue – Forex Magnates Awards more

LMAX Exchange has been awarded the Forex Magnates Awards “Best Execution Venue”. The awards are granted to the top firms in their categories and announced at the annual London summit. close

2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awardsmore

LMAX Exchange has been awarded The Wall Street Letter Institutional Trading Awards “Best Infrastructure/Technology Initiative” in 2014. WSL awards honour excellence among providers to the institutional trading industry. close

Business growth awards:

2016, 2015 Winner – Deloitte UK Technology Fast 50 more

Deloitte UK Technology Fast 50 is a ranking of the 50 fastest-growing technology companies in the UK, based on percentage growth of fiscal year revenues over the last four years. close

2016, 2015 Winner – Deloitte EMEA Technology Fast 500 more

The Deloitte EMEA Technology Fast 500 pre-eminent technology awards program is a ranking of Europe, the Middle East, and Africa's fastest-growing technology companies based on percentage revenue growth over three years. close

2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 more

LMAX Exchange has been recognised amongst the UK’s fastest growing technology firms for three consecutive years. Tech Track 100, compiled by Fast Track annually and published by the Sunday Times each September, lists Britain’s 100 fastest-growing private tech companies based on sales growth over the last three years. close

2015 Recognised as a Tech City Future Fifty company – Tech City UK Future Fiftymore

LMAX Exchange is part of the Future Fifty programme, focused on accelerating the success of high-growth tech businesses. close

LMAX Exchange Group is a holding company of LMAX Limited, LMAX Broker Limited and LMAX Digital Exchange Limited.

LMAX Exchange is a trading name of LMAX Limited, which operates a multilateral trading facility, authorised and regulated by the Financial Conduct Authority (firm registration number 509778) and is a company registered in England and Wales (number 6505809).

LMAX Global is a trading name of LMAX Broker Limited which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 783200) and is a company registered in England and Wales (number 10819525).

LMAX Digital is a trading name of LMAX Digital Exchange Limited, a company registered with the Jersey Financial Services Commission (number 125987).

The registered address for LMAX Exchange Group is Yellow Building, 1A Nicholas Road, London, W11 4AN.