FAM Clearing, LLC, has announced the official hiring of Raphael Ribeaucourt as its new Vice President of Institutional Sales.
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The move to hire Mr. Ribeaucourt is clearly intended to boost bottom line sales and expand the reach of the operations.
A joint venture between Fortex Inc. and Advanced Markets Ltd., FAM Clearing strives to embolden the capabilities of each entity to provide clients with a well-rounded solution for credit and liquidity relationships. The joint venture also provides prime of prime (PoP) services and end-to-end trading technologies to FX market participants.
Mr. Ribeaucourt commented on his new opportunity: “It is a great pleasure and honor to join FAM Clearing. I have long respected their state of the art prime of prime services and pioneering technology and I’m very much looking forward to helping grow this business globally and exponentially.”
Expertise in Financial Industry Sales
Prior to joining the FAM Clearing team, Mr. Ribeaucourt was the Head of Business Development at PrimeXM, a financial technology provider. The experience he accrued during his nearly 7 years in this position clearly influenced FAM Clearing’s decision to hire him to guide its institutional sales department.
Mr. Ribeaucourt’s experience in financial industry sales extends further back, from his time at Baxter Financial Services where he worked as a senior sales executive and FX trader. He worked there for 4 and a half years, September of 2006 to January 2011.
Meanwhile, Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, praised the addition of Mr. Ribeaucourt to the FAM Clearing team. “I am pleased to welcome Raphael to the FAM Clearing team. He joins us with the type of demonstrated business leadership experience that will help us in supporting our global growth trajectory. We know that Raphael’s contribution to the team will augment our continued goal of injecting full transparency into the financial markets and in bringing quality service to the margin FX space.”
Advanced Markets Ltd. is a wholesale provider of liquidity, technology, and credit solutions to banks and brokers, while Fortex is an FX ECN trading platform. Together, each entity brings its own contributions to the joint venture.
Fortex recently adapted to Metaquotes’ decision to halt sales of the MetaTrader 4 (MT4) trading platform, by integrating MT5 for its clients, thereby adhering to investor demand.
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