Veteran FX specialist Matthew Avery has parted ways with Integral Development Corp. to join INTL FCStone Inc. as its newest head of eFX distribution at the company’s London branch.
Last month, INTL FCStone released is financial results for the first quarter ending December 31, 2014, which showed a 22% year-over-year jump in operating revenue to $137.5 million from $112.9 million over the same period in 2013. In terms of moves, the company added Edward J. Grzybowski as the newest member of its board of directors in August.
In his new role as the head of e-FX distribution, Mr. Avery will focus on e-commerce and post-trade operations, prime brokerage and credit relationships.
Mr. Avery has over two decades of experience with sales and FX. He joins INTL FCStone from Integral Development Corp., having held a number of senior roles there since 2012. These include, sales and account manager, director and head of account management, and director and head of bank sales.