FAM Clearing, LLC., a joint venture between Advanced Markets Ltd, a wholesale provider of FX liquidity, technology, and credit solutions to banks and brokers and Fortex, Inc., a leading FX ECN trading platform, has announced the appointment of Raphael Ribeaucourt as a Vice President of Institutional Sales.
Raphael joins FAM Clearing from PrimeXM where he spent eight years as a Head of Business Development and was instrumental in driving PrimeXM’s expansion. Prior to PrimeXM, Raphael spent a number of years at Baxter Financial Services, where he held the role of Senior Sales Executive. He has a very well-established track record, having worked for over 12 years in key leadership roles in the financial services and technology industries.
In his new role, Raphael will be responsible for driving the companies’ growth in Europe, and beyond, by leveraging his institutional knowledge of both the financial technology and prime brokerage space. This is a significant addition to the rapidly growing senior leadership team within the Advanced Markets and Fortex partnership.
Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. said:
I am pleased to welcome Raphael to the FAM Clearing team. He joins us with the type of demonstrated business leadership experience that will help us in supporting our global growth trajectory. We know that Raphael’s contribution to the team will augment our continued goal of injecting full transparency into the financial markets and in bringing quality service to the margin FX space.
“It is a great pleasure and honor to join FAM Clearing. I have long respected their state of the art prime of prime services and pioneering technology and I’m very much looking forward to helping grow this business globally and exponentially”, commented Raphael Ribeaucourt.
The joint venture FAM Clearing enables the two companies to provide prime-of-prime (PoP) services and end-to-end trading technologies to a large number of FX market participants that are looking to establish a complete solution for credit and liquidity relationships.
The FAM Clearing, LLC joint venture has its own business development and marketing team of 15, led by Natallia Hunik, Global Head of Sales. The joint venture extends access to the Prime of Prime service offering through locations in Boston, London, Tokyo and Limassol.