HBS prof Vikram Gandhi invests in Ronald Cohen’s MillTechFX

Multi-bank FX marketplace operator MillTechFX has announced that it has appointed Vikram Gandhi, professor at Harvard Business School, as a member of its international advisory board. Professor Gandhi has also become an investor in MillTechFX.

MillTechFX harnesses the purchasing power of Millennium Global, which has 25 years of FX expertise, USD $600 billion in annual FX volume and USD $20 billion assets under management, to provide corporates and institutional investors with vastly preferential rates from up to 10+ counterparty banks, enabling best execution.

Vikram Gandhi is a Senior Lecturer in the Entrepreneurial Management Unit at Harvard Business School. He is the Founder of Asha Impact, an impact investing platform and is a Senior Advisor to The Canada Pension Plan Investment Board. He has spent 23 years in investment banking at Morgan Stanley and Credit Suisse and is also a qualified Chartered Accountant.

Vikram is an investor in MillTechFX and joins Sir Ronald Cohen, ‘the father of British venture capital’, and Alan Eisner on the firm’s international advisory board. As one of the foremost figures in private equity, investment banking and ESG in the U.S and India, amongst other regions, Vikram will bring his wealth of experience to assist in expanding MillTechFX’s network of relationships and support with the formulation and execution of the firm’s strategy and targets.

Eric Huttman, CEO of MillTechFX, commented:

“We are delighted to have Vikram join our international advisory board. This support from yet another industry heavyweight provides strong validation that our model is the way forward. Vikram’s decades of experience and global reputation will prove invaluable as we continue on our mission to create a fairer, more transparent FX market. Vikram’s expert guidance alongside our innovative technology and platform will enable MillTechFX to better serve the needs of our clients globally, streamlining processes and facilitating best execution.”

Vikram Gandhi, member of MillTechFX’s international advisory board, said:

“It was clear to me that MillTechFX provides the right FX solution at the right time for this important segment of users in the real economy. MillTechFX’s team are tackling the issues that have long affected a variety of market participants. I’m looking forward to working closely with Eric and the team as MillTechFX strives to cut FX execution costs and streamline workflow for asset managers and corporate treasurers.”

MillTechFX is an independent, comparative multi-bank FX marketplace designed specifically for corporate treasurers, fund managers and institutional investors, with a pinpoint focus on reducing their FX execution costs and operational burden. Clients get direct access to institutional-grade rates from 10+ counterparty banks on an easy to use platform, enabling best execution with full transparency and minimal friction. Its clients have already traded billions of USDs with usage growing month on month. Headquartered in London, the world’s largest FX hub, MillTechFX is authorised and regulated by the UK’s Financial Conduct Authority (FCA), registered with the USA’s National Futures Association (NFA) and Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC).