By Oliver Smith on Wednesday 26 June 2019
CEO Sylvia Carrasco's mission to democratise gold ownership gets a boost.
Smartphone gold marketplace Goldex has bolstered its board and senior team with the addition of two new hires.
Henry Ritchotte, a 20 year veteran of Deutsche Bank, has joined as a board advisor while its leadership team has expanded with Florian Miciu, former head of equities at Deutsche Bank and VP at Goldman Sachs, as chief technology officer.
“Florian is a veteran of algorithmic trading, and he’s been recognised for his abilities all over the world to create leading-edge technology solutions across multiple asset classes,” said CEO and founder, Sylvia Carrasco. “I’m delighted that he’s chosen to join us.
Goldex offers gold prices using an algorithm to pick the best execution across several marketplaces, which it says guarantees a better price than rivals.
The company was named the winner of AltFi’s London Summit Pitch Off in March and has since seen a significant rise in users and volume of transactions.
Ritchotte said: “With the gold market still operating in a very archaic way in many respects... I’m excited to develop the virtual gold marketplace and to deliver better prices and professional execution to our customer base of retail and institutional investors.”
Carrasco was recently named among FT Founders' Top 50 most inspirational leaders and is currently leading the company with an expansion in India after Acies Ventures led a £1.2m funding round in Goldex.