OpenPayd Welcomes Former FalconX Executives for Growth and Trading Leadership

OpenPayd Welcomes New Executives from FalconX

In a significant move for the Banking-as-a-Service (BaaS) industry, OpenPayd has appointed two senior executives from the cryptocurrency broker FalconX. This strategic recruitment aims to bolster OpenPayd's growth and trading capabilities in a rapidly evolving financial landscape.

Key Appointments to Strengthen OpenPayd

Lux Thiagarajah, previously the Head of Commercial FX at FalconX, has taken on the role of Director of Growth at OpenPayd. His extensive experience in the finance sector, including roles at renowned institutions such as JPMorgan Chase and HSBC, positions him well to drive growth initiatives within OpenPayd.

Alongside him, Richard Usher joins as the new Director of Trading. Previously the Head of FX Trading at FalconX, Usher brings a wealth of experience from managing over-the-counter trading at BCB Group, and has a background with major banks including JPMorgan Chase and the Royal Bank of Scotland.

Continuing Roles at FalconX

Despite their new positions at OpenPayd, both Thiagarajah and Usher will maintain advisory roles at FalconX, assisting the company in expanding its foreign exchange trading business. This unique arrangement allows OpenPayd to leverage their vast expertise while allowing them to continue supporting FalconX's growth.

Implications for the BaaS Sector

The addition of experienced professionals like Thiagarajah and Usher signifies a trend where BaaS platforms are increasingly seeking talent from cryptocurrency sectors. As the finance industry blurs the lines between traditional banking and digital assets, OpenPayd is positioning itself to capitalize on this intersection.

Conclusion

With the strategic appointments of Lux Thiagarajah and Richard Usher, OpenPayd is set to enhance its service offerings and market competitiveness. The expertise of these executives in both traditional finance and cryptocurrency will be instrumental in navigating the rapidly changing landscape of financial services.