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LMAX Exchange Appoints Group Treasurer

LMAX Exchange has appointed Himanshu Kher as group treasurer, a newly-created role he began at the start of 2019.

Kher joins from IG Group, for whom he was also group treasurer and will report to Grant Pomeroy, group chief financial officer, and brings 18 years of treasury, corporate finance, risk management and stakeholder management experience from a career spent with global brokerages, banks and consulting organisations.  

Prior to joining IG, Kher was a director within Group Treasury at Barclays, he has also held roles at Boston Consulting and PwC. He started his career as an M&A banker with Nomura Securities in Hong Kong.

At LMAX Kher is responsible for providing leadership and management of the group’s treasury activities and advising senior management on risk management strategies for foreign exchange. Other responsibilities include overseeing bank relationships as well as optimising cash and working capital management processes. He will also identify and implement opportunities to enhance the Treasury department’s contribution to company revenue generation, the firm says. 

 “We are delighted to welcome Himanshu to LMAX Exchange,” says David Mercer, CEO of LMAX Exchange. “He has deep industry experience in treasury and risk management within capital markets at a variety of large public companies.

“His expertise will be a significant asset to us as we continue our global growth trajectory, which has been driven by ever-increasing client demand for order-driven firm liquidity and transparent, precise and consistent execution, in addition to our status as the only independent global player for institutional currency trading.”

Pomeroy adds, “The establishment of this new position within the group’s treasury function is a clear demonstration of how quickly LMAX Exchange has grown in recent years. Efficient management of our growing cash resources is vital to cementing our position as a profitable, high-growth player in global capital markets. 

“The maturity of the business and the outlook for continued growth across our exchanges has led us to place an enhanced focus on optimising returns from surplus funds. Himanshu’s track record demonstrates that he is highly skilled at this as well as in the important area of developing credit relationships with local banks.”

Colin Lambert

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