Alibaba-Backed M-DAQ Promotes FX Veteran Marco Baggioli to COO

FX industry veteran Marco Baggioli has been promoted to take up the role of chief operating officer (COO) and general manager for business development at M-DAQ, an Alibaba-backed Singapore-based 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.

The promotion comes barely eight months after Baggioli has joined the firm. BNP Paribas’ former global head of FX prime brokerage joined M-DAQ in March as general manager for business development and chief of staff in the chief executive office.

M-DAQ is one of the established fintechs in South Asia, valued at more than $200 million in 2018. In 2015, it received an investment from Ant Financial, the Alibaba affiliate that runs its payment gateway Alipay, as part of its $87 million Series C fundraising round.

Baggioli will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term his vast experience to help to sell the M-DAQ suite of FX products, including a guaranteed-rate conversion service, to a network of top-tier corporates in Asia and building new business relationships. These products include Aladdin, a technology that allows e-commerce platforms to make cross-border transactions less costly and with more predictable rates for merchants.

Baggioli has nearly three decades of experience in the FX industry. His most prominent role in the retail space had been with ADSS Group, formerly ADS Securities. He joined the firm in 2015 during a time when the heavyweight brokerage shifted focus towards the Middle East and relocated to Abu Dhabi.

Prior to joining ADS Securities as COO, he spent six years as head of FX prime brokerage and head of OTC clearing at BNP Paribas. Before his long stint with the French lender, Baggioli held a similar role at Deutsche Bank, as head of FX PB Sales for Europe and Asia-Pacific. At the early stage of his career, which dates back to 1990, he held a number of senior institutional sales roles at Merrill Lynch and JP Morgan, where he acted as head of fixed income and prime brokerage for the EMEA region.