Earthport Taps Peter Klein as its Global Head of FX

Earthport, a cross-border payment provider in the UK, has appointed Peter Klein as its newest Global Head of foreign exchange (FX), whose appointment is tendered with immediate effect, according to an Earthport statement.

Mr. Klein joins Earthport from the P2P lending space, having worked in several senior level roles. Previously, he served as the Global Head of FX Prime Brokerage (FXPB) at Bank of America (BofA) Merrill Lynch. Prior to joining BofA Merrill Lynch, he also worked in a variety of Senior FX roles, including JPMorgan, Saxo Bank, Commonwealth Bank of Australia, and Citi.

In his new role as the Global Head of FX at Earthport, Mr. Klein will be reporting to Daniel Marovitz, the group’s President of Europe and Head of Product.

According to Mr. Marovitz in a recent statement on the appointment: “We are delighted to have Peter join the team. Our mission is simple and bold- to be the leading cross-border Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term provider in the world.”

“A strong FX product offering complementing our core payments and compliance capability is key to fulfilling this mission: we plan to expand the functionality and treasury sophistication within the Earthport product suite. Peter will lead the 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 of a powerful integrated strategy to support our global payment network,” he added.