Rich Ricci, the former head of investment banking at Barclays Plc and one of ex-Chief Executive Officer Robert Diamond’s top lieutenants, has joined a London-based foreign exchange trading platform as chairman.
Ricci, 52, will help to oversee growth plans at FreemarketFX, which matches currency trading requirements of companies and consumers, according to an e-mailed statement on Wednesday. The Financial Conduct Authority-authorized platform was started by former Deutsche Bank AG and MF Global Holdings Ltd. banker Alex Hunn in 2014.
Ricci, who retired from Barclays in June 2013, joins the ranks of senior financiers taking roles with financial technology startups, including ex-Citigroup CEO Vikram Pandit and former JPMorgan Chase & Co. executive Blythe Masters.
“Well-applied technology in the financial sector is bringing significant benefits to individuals and businesses,” Ricci said in the statement.