BUX Hires Former ABN Executive Niek van Rens as COO

The European fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm, BUX announced the hiring of Niek van Rens as the new Chief Operating Officer on Thursday, thus strengthening its leadership team.

This is one of the several critical appointments made by the Amsterdam-headquartered company in recent months. The firm onboarded Alvaro Vidal as the country manager in Spain, which came only a month after the appointment of Dan Zbijowski as Chief Marketing Officer.

Additionally, BUX strengthened its European presence by acquiring a Cypriot license earlier this year and hiring Jean-Raphael Nahas as the Managing Director of the CFDs operations through the Cypriot entity.

The latest appointment of van Rens is strategic as he brings significant knowledge and expertise to strengthen European operations and contribute to further growth.

“In my new role, together with my team, I want to focus on operational efficiency that can facilitate explosive growth, and to innovate further in order to better serve customer needs,” van Rens said in a statement.

An Experienced Executive

Vidal brings more than two decades of experience to his new role. Before joining BUX, he worked at ABN AMRO Clearing for almost ten years as the Global Head of Innovation. Even in that role, he worked with BUX on several projects, mostly to develop the fractional investing infrastructure and build the commission-free model.

Moreover, he headed Holland Clearing House for a couple of years as the CEO. Further, he worked with several other financial companies in various executive capacities.

“After working with Niek for many years, we are delighted to welcome him to the BUX team,” said the CEO of BUX, Yorick Naeff.

“BUX has entered a new phase of explosive growth, and it’s vital our operations run with maximum efficiency. With Niek's in-depth knowledge of execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and post trade, I’m confident he will be a driving force for innovation and growth at BUX.”