Moneycorp, the foreign exchange and international payments specialist, has appointed Lee McDarby as Managing Director for UK Corporate Foreign Exchange and International Payments.
The hire comes shortly after moneycorp announced its first international investment in Novo Mundo Corretora de Câmbio, a fast-growing Brazilian foreign exchange business.
Lee will be a key driver within the Global Payments division’s wider growth and expansion plans and will focus on treasury risk management for UK businesses.
Lee joins moneycorp from Nomura, the Japanese financial institution, where he was an Executive Director. Prior to this, he gained a wealth of knowledge and experience with Investec and RBS.
The experience Lee brings to the role, coupled with the foreign exchange specialist’s flexible technology, will be vital in the company’s ambitious expansion plan for its already successful foreign exchange and international payments offering.
Mark Horgan, CEO of moneycorp, commented on Lee McDarby’s appointment:
“It’s great to have Lee on board as we continue to grow our Corporate division. His wealth of financial experience means he understands our sector well and his expertise will further strengthen moneycorp as a leader in its field. Our international payments business is moneycorp’s fastest growing division, and we will continue to invest as the business goes from strength to strength, cementing its proposition to internationally trading businesses.”