LeapRate has learned that Vocalink CFO Claire Hafner has joined as a Director on the board of Monecor London Limited, the parent company of FCA regulated online broker ETX Capital.
Payments company VocaLink processes more than 90% of salaries, over 70% of household bills and almost all state benefits in the UK. Last year the company processed over 11 billion transactions with a value of £6 trillion.
ETX has been making some bold management and strategic moves lately – which (alongside Ms. Hafner’s addition) look to us as if the company is preparing to go public. With equity indices having a strong start to the year and with the successful IPO of rival CMC Markets Plc (LON:CMCX) earlier this year, there probably isn’t a better time for a company like ETX to look at going public.
Other moves ETX has made recently include hiring industry veteran Arman Tahmassebi as its new COO, adding former City Index CEO Mark Preston to the board, hiring new CFO Andrew Woolley from Moneycorp, acquiring the Alpari UK client list, and (most notably) redoing completely the ETX Capital logo, website and trading platform.