Leading UK foreign exchange and international payments provider RationalFX has announced the appointment of Chris Humphrey as the company’s Chief Executive Officer. RationalFX co-founder Paresh Davdra is stepping down from the role to focus on his role as CEO of RationalFX’s sister-brand Xendpay.
Chris Humphrey has been COO of RationalFX since 2015, and is an accomplished foreign exchange professional with years of experience working in the financial sector. He rose to prominence as Managing Director of the UK subsidiary for Australia based OFX Group Ltd (ASX:OFX), then known as OzForex, where as a key part of the company’s leadership and executive team he was able to grow the business from a start-up operation, through a period of private equity ownership, to a successful IPO. Humphrey joined RationalFX in 2015 as Chief Operating Officer, and was responsible for growth and scalability for the company.
Discussing his appointment, effective as of November 1, 2017, Chris Humphrey said:
I am humbled and excited to take on the role of CEO at RationalFX. To have been entrusted with the company that Paresh Davdra and Rajesh Agrawal have spent the last 12 years building and growing is an honour, and I am looking forward to leading the company into its next chapter.
When I joined the company in 2015, it was clear to me that RationalFX was a business with huge potential, a strong customer base and an even greater future ahead of it. This is a tremendous opportunity and I cannot wait to get started.
Speaking about Chris Humphrey’s appointment, Co-founder of Rational Group of Companies, Paresh Davdra said:
I’m excited to reveal Chris Humphrey as the new RationalFX CEO. He’s an innovator with an entrepreneurial mind who understands the ever-changing landscape of the foreign exchange industry. For quite some time and as part of our 2018 strategies, we have been deliberating the future of the company. During this process it quickly became clear that Chris was the natural choice for the role.
Coming from a start-up background like myself and making an immeasurable contribution to RationalFX’s successes as COO in the last few years, Chris has the vision and the drive to take the company even further. RationalFX has a bright future ahead of it, and Chris is the best man to steer the company towards brave new horizons.
Founded in 2005 by Rajesh Agrawal and Paresh Davdra, RationalFX is based in London’s Canary Wharf district with over 100 employees. RationalFX has transacted over $10 billion to date and served over 150,000 registered clients. 2016 Revenues at RationalFX were £1.3 billion. Co-founder Rajesh Agrawal acted as CEO for the business until his appointment in 2016 as Deputy Mayor of London for Business, and was succeeded by Co-founder Paresh Davdra.