Ebury appoints Martin Fest as CFO

25-Jul-2019

  • Ebury, one of the UK and Europe’s largest fintechs, hires chief financial officer 
  • Martin Fest will lead Ebury’s finance function to drive ambitious global growth strategy 
  • Follows recent appointment of Jean-Michel Richard as non-executive director 
  • Strengthens board following an exciting period of substantial expansion, as global banking trends drive demand for cross-border transaction services  
Ebury, one of the UK and Europe’s largest fintechs, is pleased to announce that it has appointed Martin Fest as the company’s chief financial officer.  

Ebury, which services a global client base through its global trade and transaction banking platform, has appointed Martin to strengthen Ebury’s finance function. He will work directly with CEO and CoFounder Juan Lobato as the company embarks on its ambitious growth strategy outside of Europe.  

Fest, who holds an MBA from INSEAD, joins Ebury from fellow fintech Molo, where he was also CFO. Prior to Molo he led investment management strategy at Man Group and spent seven years at Barclays as an investment banker. Before banking, Martin worked in McKinsey’s risk management and financial service practice.  

Jean-Michel Richard has also been appointed as a non executive director and will sit on Ebury’s board to lead the risk and audit committee. His most recent assignment was CFO and SVP finance at Dialog Semiconductor Plc (2006-2015), one of the fastest growing European public Semiconductor companies at the time.  

Prior to that he worked for On Semiconductor and Motorola in the USA and across Europe. Since leaving Dialog, Jean-Michel has sat on the advisory boards of a number of technology startups in the UK and France, and currently advises QUALTERA. He holds a Master in Economics from the University of Geneva, Switzerland. 

Ebury currently serves over 35,000 small and mid-sized companies and institutions around the globe, executing over $2bn per month in transactions. Its rapid growth reflects the global trends of disintermediation of transaction services, as global banks focus on their core offerings.  

Juan Lobato, Ebury’s co-founder and CEO, commented: “I am delighted that Martin is joining the team at Ebury as he brings valuable experience and expertise in the banking and broader finance sector.  

“Martin joins Ebury at a significant period of growth for the business – we continue to open new offices and are hiring around 50 new employees every month. 

“The appointment of Jean-Michel will strengthen our board – he brings superb business insight, particularly regarding financial performance. It is a testament to the trajectory of Ebury that we were able to attract a non-executive director with Jean-Michel’s level of experience.” 

Martin Fest, CFO of Ebury added: “Ebury is one of Europe’s most dynamic and rapidly-growing companies and I am delighted to be joining Juan and the team during this exciting time for the business.”