KX Strengthens FX Business with Appointment of Richard Kiel

KX, a division of First Derivatives plc (AIM:FDP.L, ESM:FDP.I), announces that it has strengthened its leadership team with the appointment of Richard Kiel as Global Head of Forex Solutions.

Rich will be responsible for growing KX’s Forex Platforms business including Trading, Aggregation, Price Distribution, Smart Order Routing, and Pre- and Post- Trade Data Analytics and Reporting. Rich will report to Pat Brazel, KX Chief Commercial Officer.
Rich joins KX from UBS Asset Management where he was Head of Global Risk Solutions, responsible for Risk Advisory while overseeing the firm’s proprietary multi-asset Global Risk System including fundamental research and model construction, product development, client service and operations. Prior to UBS, Rich was Global Head of Post Trade Services at Thomson Reuters where he was a Director of Reuters Transaction Services Ltd and founded the market leading Thomson Reuters Trade Notification service. He previously led Global Business Development for the Reuters Electronic Trading business and was formerly President of Reuters Consulting, Americas. Richard arrived at Reuters via the acquisition of Tibco where he delivered some of the earliest public-internet-delivered single-dealer FX trading platforms. Prior to joining Tibco, Rich had over 10 years sell-side experience primarily focused on real-time data and analytics at JPMorgan, Salomon Brothers and Merrill Lynch.

Commenting on the appointment, Brian Conlon, CEO, said: “Rich brings over 25 years of industry experience with deep knowledge of both FX and electronic trading and his reputation as a leader and innovator gives me great confidence in his ability to bring our business to the next level. We are delighted to have Rich joining us at this very exciting time.”

Richard Kiel, Global Head of Forex Solutions at KX, said: “KX is a leading provider of high performance technology solutions to many of the most demanding consumers in capital markets. What many don’t realize is that they’re deeply rooted in innovative FX trading technology and I am looking forward to building on that foundation with the delivery of end-to-end products and solutions that will generate real value for our growing global customer base.”