Expansion paves way for further senior hire at Moneycorp

Published 

Moneycorp, the foreign exchange and international payments specialist, has appointed Andy Reid as Managing Director of Global Payments. In his new role, Andy will lead the development of a new sales channel, focused on large-scale corporate international payment clients.

Andy’s appointment is a part of Moneycorp’s continuing expansion. Reid is the second senior hire for the foreign exchange specialist since its acquisition by private equity firm Bridgepoint last August.

Andy previously worked at Barclays Corporate where he was a serving member of the Executive Committee and responsible for global non-bank financial institutions banking teams. Prior to this, he gained a wealth of knowledge and experience during a long career with JP Morgan, HSBC and CLS, the latter dealing with eliminating settlement risk in foreign exchange.

The experience Andy brings to the role, coupled with the foreign exchange specialist’s flexible technology, will further establish Moneycorp’s growing proposition to internationally trading businesses.

Andy Reid, Managing Director of Global Payments, commented on his role:

“Having been involved in the foreign exchange and payments industry for many years, I wanted to join a firm that has the ambition and desire to invest, build and grow. The opportunity to work with the team at Moneycorp presents an incredibly exciting opportunity. I firmly believe there is a gap in the corporate market for an efficient technology led, forward-thinking operation that Moneycorp can fill.”

Mark Horgan, CEO of Moneycorp, said: 

“It is a pleasure to have Andy on board. His long association with non-bank financial institutions means he knows our sector well, and his expertise will further strengthen our management team as we continue to grow the business and maintain Moneycorp’s position as a leader in the field of foreign exchange.”

Most recent episodes

Future Monetary Policy Path Sets Markets Against Central Banks

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

05:19

Podcast - Journeys to Treasury Deep-Dive: Cash Flow Hedge Accounting at JT Group

Listen to this audible case study, which provides a lens over the details of a recent cash flow hedge accounting project undertaking by the JT Group treasury team.

33:38

Podcast - Innovation as an Enabler: Sustaining Global Trade Finance in Uncertain Times

J.P. Morgan's Bayo Osolake, who joins Eleanor Hill (TMI) to discuss how treasurers can facilitate global trade in the currently turbulent macroeconomic environment.

13:07

Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

06:34

Audio TMI - MMF Reform Proposals Threaten LVNAV Viability for European Treasurers

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

Audio TMI - Special FX

Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking, improving data coll...

15:27

Audio TMI - Roadmap Towards a First-Class Group Treasury

As the perennial debate continues around the pros and cons of a centralised tre...

12:28

Audio TMI - How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing

Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.

13:26

Reducing Friction in International Payments: Five Steps for Treasury Teams

What are the steps that treasury teams can take to remove roadblocks in processing international payments? Daniela Eder, Gibran Maqsood, and Karsten Becker (Barclays) to answer this question.

30:31

Keeping the Plates Spinning: the Art of Treasury Project Management

Sandra Shen (Actualize Consulting) joins TMI's Tom Alford to offer professional insight into what defines successful treasury project management. 

18:27