MRO Magazine

Seabury Group Announces Leadership Changes at FXone


September 23, 2015
By Business Wire News

NEW YORK

Seabury Financial Solutions LLC (“FXone”), a subsidiary of Seabury Group LLC (“Seabury”) and a provider of innovative FX liquidity management solutions announced today that Margaret Chan, Chief Executive Officer of Seabury Asset Management, has assumed the additional role of interim Chief Executive Officer of FXone.

Margaret Chan replaces former President and Chief Executive Officer, Rosario Ingargiola, who has departed the company. Alongside Chief Technology Officer Mike Bundy and Co-Founder & Principal GUI Architect Jay Marvin, Ms. Chan will ensure smooth transition of the company’s leadership and will leverage the efforts of its growing team, which has recently added several new core members, including:

  • Rob Fleschler, Senior Advisor, joins from BATS Hotspot
  • Joseph Tuccio, Director, Solution Sales, joins from ED&F Man
  • Rob Rydzewski, Principal Systems Engineer, joins from DRW

“I look forward to leading this dynamic team as both Seabury and FXone leadership are confident and enthusiastic about delivering a compelling future for FXone,” said FXone Interim Chief Executive Officer Margaret Chan. “As FXone continues on a rapid growth path in the face of increasing global demand for our unique e-trading platform, our team’s capabilities will also continue to expand, as yet again we’re adding core talent with proven skill sets in the areas of software engineering, sales, and distribution.”

Ms. Chan further commented: “We’ve spoken to our clients and they continue to be enthusiastic supporters of Seabury Financial Solutions and our technology platform. They also understand the commitment that Seabury has made in supporting our growth strategies to achieve even higher levels of performance.”

John E. Luth, Founding Partner and Chief Executive Officer of Seabury Group and Chairman of the Board at Seabury Financial Solutions LLC / FXone, added: “FXone is a perfect complement to Seabury and its group of companies. We also see significant synergies between FXone and Seabury’s leading-edge enterprise software applications and continue to support its innovative technology and deep electronic trading expertise.”

ABOUT FXONE

FXone – Seabury’s Trade Execution and Liquidity Management System is built on top of the most advanced technology in the industry. FXone offers a full suite of execution services and Smart Order Routing. Access to any LP is via industry standard FIX API, new Binary API or the most powerful and flexible GUI in the institutional FX space. FXone allows user management, real-time Pre-trade Risk checks and customized pricing, provides access to tick data with full market depth from the Tick Database, and offers Post-trade Messaging to most prime brokerage and vendor solutions. www.fxone.com

ABOUT SEABURY GROUP

Seabury Group LLC is a global firm founded in 1995 with two principal groups, Seabury Advisory Group LLC (“SAG”) and Seabury Capital LLC (“SeaCap”). SAG is a global advisory practice with professionals on five continents and more than 15 countries covering Aviation, Aerospace & Defense, Financial Services, Government Services, Logistics, Maritime, Transportation and related industries. SAG has partnered with more than 300 clients located in more than 50 countries on more than 1,100 engagements to solve complex challenges requiring consulting, investment banking, restructuring and/or information technology solutions.

SeaCap owns and operates a number of specialty finance companies providing innovative cross-border financing for equipment and trade receivables as well as insurance-backed auto service and financial obligations. SeaCap recently launched a merchant banking business to take minority equity positions in, and to provide debt financing to, middle market companies. SeaCap also owns software companies providing enterprise solutions to airlines, aerospace companies and provides a range of electronic trading solutions to buy-side and sell-side firms in the Foreign Exchange market. www.seaburygroup.com

Seabury Group LLC
Paul Thibeau, +1-612-638-2633
pthibeau@seaburygroup.com