Trading technology provider TradAir has announced its CEO has decided to step down.
The firm, which provides technology products for banks, brokers and marketplaces, said co-founder and CEO Illit Geller will be replaced by fellow co-founder Ayal Jedeikin until a new CEO is found.
Geller will remain a member of the company’s board of directors, which is current seeking a new CEO to lead the company.
“Over the past seven years, Illit has done a remarkable job building TradAir from a nascent start-up into an industry-leading FX technology provider,” said Jim Brown, a board member and managing partner of Long Ridge Equity Partners. “Under her leadership, TradAir successfully built a cutting-edge technology platform for liquidity and market surveillance, and signed major bank and brokerage customers across the globe. Given the Company’s clear path forward, now is the best time to transition leadership for the Company’s next phase of growth.”
The firm said it is currently seeing growth in business from new and existing customers and said it will continue to tap into Geller’s insight and knowledge as a board member.
Illit Geller added, ” While I believe it’s the right time for me to step aside, TradAir is exceptionally well positioned for future growth. I look forward to working with the Company as a Board member and contributing to its continued success and market leadership.”