February 2003
Currenex moves to secure its future
Foreign exchange
Online foreign exchange trading platform Currenex
has announced a new strategy, new funding, and a new CEO, in
a move to boost trading volumes and secure its
future.
But this revamp raises more questions than it
answers. The strategy is confusing and the CEO is an unknown
figure. Currenex must act fast to support its
promises.
The new image and direction for Currenex mark a crucial step for
the venture, as it had previously suffered high-level departures.
CEO Lori Mirek, appointed in 2000, left in late 2002, although this
was only confirmed in mid-January. Mirek had been the public face
of Currenex, speaking at conferences and liaising with dealer
banks. Former managing director Roddy Boulton left in September.
These and other departures sparked concerns that Currenex was
facing financial and strategic problems and the gap in time between
Mirek's departure and the confirmation of a new CEO gave plenty of
time for those concerns to take hold....
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