Himanshu Kher joins LMAX Exchange as Group Treasurer
London, 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”.
For further information, please contact:
T: +44 (0)20 3192 2510 E: [email protected]
E: [email protected]
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
2016 Best Trading & Execution Technology – HFM US Technology Awards more
2013 Best Overall Testing Project – The European Software Testing Awards more
2011 Best Trading System – Financial Sector Technology Awards more
FX industry awards:
2018, 2017, 2013 Best Execution Venue – Forex Magnates Awards more
2017, 2016, 2015, 2014, 2013 Best FX Trading Venue - (ECN/MTF) – WSL Awards more
2017, 2016, 2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awardsmore
Business growth awards:
2016, 2015 Winner – Deloitte UK Technology Fast 50 more
2016, 2015 Winner – Deloitte EMEA Technology Fast 500 more
2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 more
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.