OpenPayd, a leading embedded finance and Banking-as-a-Service (BaaS) platform, has announced two key senior appointments to support its growth.
The two new hires are Lux Thiagarajah, previously the Head of FX Commercial at Falcon X, who joins as Director of Growth and Richard Usher, formerly the Head of FX Trading at Falcon X, who takes on the role of Director of Trading.
OpenPayd has stated that this move aims to boost client adoption and improve the company’s trading offerings, with both appointments bringing decades of experience to the company.
As mentioned above, before joining, Thiagarajah worked at Falcon X and spent over eight years at JP Morgan as Vice President of G10 FX Trading. He also served as Chief Revenue Officer at BCB Group.
Commenting on his and Usher’s new roles, Thiagarajah said: “We are incredibly excited to be joining the great team at OpenPayd to help develop and drive the commercial and trading capabilities we can offer our customers. OpenPayd’s unique position, serving multiple market sectors, gives us the opportunity to use our experience to help grow the business significantly in the future.”
Usher has nearly 30 years of experience in banking, specialising in FX trading before integrating his expertise with cryptocurrencies. Like his colleague, he has previously held positions at JP Morgan, where he was Head of EMEA G10 FX Spot Trading.
Iana Dimitrova, CEO of OpenPayd, commented: “Our dedication to provide unmatched value and assistance to our clients is reflected in the growth this year, which has allowed us to expand our team even further. We are excited to strengthen our leadership team with the addition of both Lux and Richard.”
It has been a busy year for the embedded finance company, closing several deals with other big payments companies such as TrueLayer and Wirex, as well as hiring Neil Delaney as its new Head of Revenue Operations.
In July, OpenPayd confirmed it can send and receive payments via Pix, the Brazilian real-time payment network. This deal comes as the company continues to expand its access to local and international payment rails to support its mission of powering the growth of the digital economy.
