OpenPayd Expands Team with Key Appointments in the Financial Sector
OpenPayd, a prominent banking-as-a-service (BaaS) platform, has strategically enhanced its leadership team in London through the recent hiring of two seasoned professionals, Lux Thiagarajah and Richard Usher. Both executives join OpenPayd from the crypto prime broker FalconX, where they played pivotal roles in expanding the firm’s offerings.
Lux Thiagarajah has taken on the role of Director of Growth at OpenPayd, bringing with him an extensive background in foreign exchange (FX) and crypto payments. Prior to his tenure at FalconX, Thiagarajah was the Head of Commercial FX, where he was instrumental in developing FX trading strategies and building client relationships. His previous experience also includes serving as the Chief Revenue Officer at BCB Group, a company specializing in crypto payments. Thiagarajah’s solid foundation in investment banking, with roles at major institutions like JPMorgan and HSBC, equips him with the knowledge necessary to navigate the complexities of both traditional and digital finance.
Richard Usher joins OpenPayd as Director of Trading, bringing a wealth of expertise in FX trading. Previously, Usher was the Head of FX Trading at FalconX, where he managed a team focused on over-the-counter (OTC) trading and market-making activities. His career also includes significant roles at BCB Group and reputable financial institutions such as JPMorgan and the Royal Bank of Scotland (RBS). This strong background in trading positions Usher to enhance OpenPayd’s trading capabilities and implement innovative solutions for clients.
Both Thiagarajah and Usher will continue to maintain a connection with FalconX, acting as advisers to support the company’s mission of enhancing the robustness of crypto capital markets and facilitating institutional adoption of cryptocurrencies. A spokesperson from FalconX expressed gratitude for their contributions, highlighting the importance of their roles in the firm’s FX desk, which stands out in the crypto brokerage space.
In their new positions at OpenPayd, both executives are expected to leverage their expertise to drive the company’s growth and trading capabilities. “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,” Thiagarajah stated in a public announcement. This sentiment reflects a shared vision for OpenPayd’s future, which aims to integrate traditional banking services with innovative digital solutions.
As the demand for comprehensive financial services continues to grow, OpenPayd’s strategic appointments are timely. The company is poised to enhance its offerings in the competitive landscape of BaaS platforms, particularly as businesses increasingly seek to integrate digital payments and foreign exchange solutions into their operations. With the expertise of Thiagarajah and Usher, OpenPayd is well-positioned to meet the evolving needs of its clientele.
In summary, OpenPayd’s hiring of Lux Thiagarajah and Richard Usher marks a significant step in the company’s journey to expand its capabilities in the fintech sector. By combining their extensive backgrounds in FX trading and crypto payments with OpenPayd’s innovative platform, the company can better serve its customers and drive forward the integration of traditional finance with the burgeoning world of digital assets.
