Global Reach Group, a provider of corporate and personal foreign exchange, has further bolstered its senior management team with its latest hire, Tim Rudman.
Rudman joins as chief operating officer, supporting the strategy of product, payment, and technology innovation across Europe, after spending almost 12 years at WorldFirst (part of Ant Financial), in roles such as the head of operations and group COO.
Nicholas Fullerton, co-founder, previously held the COO role before being promoted to CEO in September. “It is great that Tim has joined us in such a key role for GRG, it will help us further advance rapidly across a number of core areas due to his directly transferable skillset and experience,” says Fullerton.
Rudman is the latest appointment to the company’s executive management team, which was recently expanded with the addition Alistair Seabright as appointed as chairman in September, alongside his role of chairman of alternative investments at Octopus Capital.
Late 2019 also saw the addition of Brett Flowers as chief financial officer following on from his role as CFO at Mako and with experience at senior levels within Lloyds TSB and Barclays, where he was head of group financial control. Ian Robinson also joined as non-executive eirector alongside his role as group head of audit at M&G Prudential and with previous titles such as COO, insurance at HSBC, and group finance and risk eirector at AXA.
Rudman says: “Global Reach is an ambitious business showcasing rapid growth. I look forward to being part of the senior leadership team, where together we can continue to push the business forward to new heights, in an industry which is continually evolving.”
Other long-standing members of the senior management team include chief compliance and risk officer, Millie Richardson, formerly WorldFirst CCO; and commercial director, Leandra McPhillips, former marketing director at CMC Markets.
In 2019, Global Reach reported total transaction values in excess of £6 billion for more than 25,000 clients. The group began trading in 2002 and now employs a team of more than 140 people, providing both corporate and personal FX services.
Clients can access over 140 major currencies, as well as options products through its fully regulated subsidiary, Global Reach Markets. In 2016, Inflexion Private Equity acquired FC Exchange and became a major shareholder of Global Reach Partners, with both companies combining to form Global Reach Group.