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Will Tracey, co-founder of Monex Europe, joins Ballinger & Co.

Tuesday, September 15, 2020
Opalesque Industry Update - FX Broker Ballinger & Co. today announced the appointment of Will Tracey, one of FX's leading lights, as its Executive Chairman and largest shareholder.

Ballinger & Co. is a specialist FX broker providing flexible and innovative foreign exchange services to corporate and institutional clients globally.

Tracey's appointment bolsters Ballinger & Co.'s leadership team with years of experience at the forefront of the deliverable FX industry. As Executive Chairman, Tracey will oversee Ballinger & Co.'s trading operations and sales activity.

A co-founder of Schneider Foreign Exchange, Tracey helped build the company into one of the world's leading commercial FX businesses and played a central role in its sale to Banco Monex in 2012 for $110m. He then led the growth of Monex Europe for 7 years, overseeing the company's expansion to 4 continents, over 250 staff, and consistently strong revenue growth.

Will Tracey commented:

"It is an incredibly exciting time to join Ballinger & Co. The FX market is changing, and the pandemic is presenting new challenges and opportunities for our clients. Ballinger is creating a pioneering, entrepreneurial culture and sophisticated offering which will deliver real value to our clients and shareholders. With the support and scale of our partners, and the strength of the team that we are assembling, we are confident we will become the market-leader in the space."

Commenting on Will Tracey's appointment, Tom Dudderidge, CEO of Ballinger & Co, said:

"We are delighted that Will has joined Ballinger & Co. as Executive Chairman. It is no overstatement to say that Will wrote the playbook for our industry - his record speaks for itself. There is genuinely no one better placed to help Ballinger grow and with Will on board, we are looking to rapidly expand the business globally"

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