Refinitiv alumnus joins FX HedgePool as head of business development

Incoming head has spent the last 21 years at Refinitiv, most recently serving as Americas head of transactions sales and relationship management for FXall and matching.

Foreign exchange matching platform FX HedgePool has appointed Karen Phillips as head of business development.

Based in New York, Phillips will oversee the firm’s sales and relationship management efforts, reporting directly to Jay Moore, chief executive and co-founder of FX HedgePool.

She joins FX HedgePool from Refinitiv, where she served in a variety of roles over the last 21 years, most recently as Americas head of transactions sales and relationship management for FXall and matching.

“When we set out to fill this role, we were looking for a unique set of skills. Few people can claim to have done so much in their career in FX as Karen, so the choice was obvious,” said Moore.

“She’s got a long history of building strong relationships and delivering product solutions to meet the ever-changing needs of both the buy- and sell-side and we couldn’t be happier to welcome her to our growing team.”

Phillips’ appointment comes as part of FX HedgePool’s ongoing expansion. Earlier this year, the firm secured $8 million in a Series A funding round led by Information Venture Partners, with participation from Fidelity International Strategic Ventures and NAventures, the corporate venture capital arm of National Bank of Canada.

“I am thrilled to be joining Jay and the amazing team at FX HedgePool and look forward to working closely with market participants to continue building innovative solutions for the FX community,” said Phillips.

“I am excited to again be at an early-stage company introducing new technology and ideas to the FX market.”

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