Mark Redwood, former President of Sales & Trading at Thomson Reuters and the founder of AVT Technologies, has joined the board of Barracuda FX.
Barracuda FX is a provider of OMS technology to the FX industry. Because of its easy-to-use interface and easy integration with other systems, it has been adopted by top and mid-tier banks, which recognise the importance of Order Management as a core component of their eFX strategy. The system allows banks to reduce their sales and trading costs while at the same time improving overall control and efficiency in managing orders.
Redwood's appointment in December 2012 is part of Barracuda FX's plans to accelerate growth and establish themselves as the industry leader for OMS technology. Kieran Fitzpatrick, CEO says of Redwood's appointment: "More than anyone, Mark understands the challenges of building a technology business in the FX industry. His integrity, experience and our shared values make him the ideal person to help us guide the company through the next stage of growth, and we are delighted to have him join our board of management."
Redwood comments: "Technology continues to push boundaries in the FX industry and Barracuda FX's innovative Order Management technology has really impressed me. They are a forward-thinking company with much more to bring to the market and I am excited to be part of their OMS revolution."
Until the end of December 2010, Mark was President of Sales & Trading at Thomson Reuters. From 2006 he was CEO of Reuters Transaction Services and also a non-executive director at Tradeweb. He joined Reuters in December 2002 following its acquisition of AVT Technologies, a pioneer in foreign exchange transaction technology, which Mark founded in 1989. As CEO of AVT, Mark built a blue-chip customer base that at the time included leading global financial institutions such as ABN AMRO, Bank of New York, Dresdner Kleinwort Wasserstein, JP Morgan and UBS.