FXall opens Boston office to support asset manager clients

The news closely follows the announcement that trading by asset managers on FXall's platform increased by 146% in 2004 to more than $1 trillion.

As part of this expansion, FXall has recruited two senior FX specialists to create and develop the office. Melissa McCarthy has joined FXall's Boston office as Director of Customer Marketing and Relationship Management. Melissa previously spent 14 years at State Street Corporation, most recently leading sales, training and business development activities as vice-president and senior relationship manager for the Global Link trading platform. FXall has also appointed Joedy Tran as a relationship manager. Joedy joins from State Street Corporation, where he was a business development officer responsible for sales, relationship management and developing product rollout strategies.

Phil Weisberg, Chief Executive Officer of FXall, said: "FXall has experienced enormous growth in the asset management sector, as our recent volumes figures demonstrate. Opening an office in Boston, where many of our asset management clients are based, is important because it enables us to better service our substantial client base in the asset management industry and meet the demand we are seeing from existing and prospective customers. I am delighted that Melissa and Joedy have joined FXall to help build our Boston office. Their extensive experience in working with asset managers further enhances our ability to serve and support this important client base."

In response to strong global demand, FXall is evaluating a number of financial centers around the world as locations for new offices. The company remains focused on finding first-class individuals to run these offices, look after its broad range of existing clients and recruit new ones.