MillTechFX and Investec Bank plc launch new FX solution
MillTechFX has partnered with Investec Bank plc to provide fund managers with an innovative margin-free foreign exchange (FX) hedging solution.
9 March 2022
London, March 2022 – MillTechFX, the FinTech affiliate of Millennium Global Investments, has appointed Stuart Gulliver, former HSBC Holdings Plc Chief Executive Officer, to its International Advisory Board.
Stuart joins existing International Advisory Board members Sir Ronald Cohen, Vikram Gandhi and Chairman Alan Eisner. MillTechFX will be able to draw upon Stuart’s vast experience in international finance to help it continue its rapid growth and execute its global expansion plans.
Having joined HSBC in 1980, Stuart went on to lead the HSBC Group worldwide, serving as both Chairman of The Hong Kong and Shanghai Banking Corporation Limited and CEO of the HSBC Group from 2011 to 2018. Stuart retired from HSBC after 38 years having successfully overseen the biggest restructuring in the bank’s 150-year history.
Stuart is currently a Director on the Boards of Saudi Aramco, Jardine Matheson, The Saudi British Bank and The Airport Authority of Hong Kong. He also serves on the international advisory council for the Hong Kong Stock Exchange and is the Chairman of Maggie's Centres, a cancer charity.
MillTechFX by Millennium Global delivers a fairer, more transparent and cost-effective FX execution and hedging solution, building on decades of experience from Millennium Global Investments, which executes $760bn in annual FX volume and manages over $19.5bn in institutional currency mandates*.
With MillTechFX, corporate treasurers and asset managers can significantly reduce their FX costs and operational burden with direct access to comparative wholesale FX rates from 10+ liquidity provider banks and transparent best execution.
Eric Huttman, CEO of MillTechFX, said: “Stuart’s reputation and experience gained at the helm of one of the world’s largest global banks speak for themselves. I am delighted that he has joined our Advisory Board and, on a personal note, to have the former CEO of the bank that I started my career at is a tremendous honour. As we continue our mission to create a fairer, more transparent FX market, Stuart’s knowledge and critical thinking is a perfect addition to the strong team we’ve built to date”.