RationalFX appoints Chris Humphrey as new CEO
Foreign exchange and international payments provider RationalFX has officially announced the appointment of Chris Humphrey as the company’s Chief Executive Officer.
Co-founder Paresh Davdra is stepping down from the role to focus on his role as CEO of RationalFX’s sister-brand Xendpay.
Chris Humphrey is an accomplished foreign exchange professional with years of experience working in the financial sector. Humphrey rose to prominence as Managing Director of the OzForex Group’s UK subsidiary, where, as a key part of the company’s leadership and executive team, he was able to grow the business from a start-up operation, through a period of private equity ownership, to a successful IPO. Humphrey joined RationalFX in 2015 as Chief Operating Officer, and was responsible for growth and scalability for the company. During his time with the company, RationalFX has grown from strength to strength, with revenues surging to £1.3 billion in the last year.
Discussing his appointment, effective as of 1 November 2017, Chris Humphrey said “I am humbled and excited to take on the role of CEO at RationalFX. To have been entrusted with the company that Paresh Davdra and Rajesh Agrawal have spent the last 12 years building and growing is an honour, and I am looking forward to leading the company into its next chapter.”
Founded in 2005 by Rajesh Agrawal and Paresh Davdra, RationalFX is an UK foreign exchange and international payments provider, working with businesses and consumer clients to save them money whenever they make overseas payments. Non-Executive Chairman Rajesh Agrawal acted as CEO for the business until his appointment in 2016 as Deputy Mayor of London for Business, and was succeeded by Co-founder Paresh Davdra.
The business has grown organically from a two-person operation in Brighton to a multi-million pound company in the heart of Canary Wharf with over 100 employees. RationalFX has transacted over $10 billion to date and served over 150,000 registered clients.