The CEO of听London FinTech IFX听笔补测尘别苍迟蝉听has stepped down despite a doubling in turnover in 2020.听
Nick Williams, who has led听the business for 16 years,听will transition to the role of executive chair, while Will Marwick, the company鈥檚 COO,听will step into the role of CEO.听
Marwick鈥檚 appointment follows the hugely successful launch of听ibanq, IFX鈥檚 multi-currency, virtual IBAN account.听听
Ibanq, which听integrates directly into IFX鈥檚 foreign exchange infrastructure and global payments network,听was added to IFX鈥檚 suite of products in January 2020 and has contributed to the business doubling its client base in the past听12听months.听听
In the past year, IFX has increased the number of payments it handles monthly by 3000% to 150,000 a month and doubled its turnover to 拢20 million.听
Williams, who co-founded the business in 2005, will now focus on maintaining听standards听of governance and regulatory adherence.听听
鈥淗aving launched IFX 16 years ago, it鈥檚 been both exhilarating and satisfying to watch the transformation of the business from an impressive FX brokerage to a transformational听FinTech company,鈥� he said.听听
鈥�Now feels like the appropriate time to recalibrate our management structure with this extraordinary period of growth showing no signs of slowing.鈥�听
The firm has offices in London, Warsaw, Dubai and Australia.听
Marwick听added: 鈥淭he launch of听ibanq听has transformed IFX and promises to revolutionise the whole digital payments experience.听听
鈥�ibanq听has not only been the engine for our rapid growth this year but as IFX moves into another exciting phase I am already relishing the promise of helping thousands of businesses realise their potential.鈥�听