IFX Payments promote Will Marwick to CEO role

He will transition to the role of executive chair, while Will Marwick, the company’s COO will step into the role of CEO.

Marwick’s appointment follows the hugely successful launch of ibanq, IFX’s multi-currency, virtual IBAN account. ibanq was added to IFX’s suite of products in January 2020, and has contributed to the business doubling its client base in the past twelve months as a result - ibanq integrates directly into IFX’s foreign exchange infrastructure and global payments network.

In the past year, IFX has increased the number of payments it handles monthly by 3000% to 150,000 a month and doubled its turnover to £20 million.

On the back of the extraordinary growth, IFX is restructuring its management team with Marwick, who joined the business as General Counsel in 2018, leading the day-to-day operations and executing the company’s wider strategic initiatives following its evolution from leading FX brokerage to rapid-growth fintech. Williams, who co-founded the business in 2005, will now focus on maintaining IFX’s high standards of governance and regulatory adherence.

Nick Williams, IFX Payments Executive Chairman said: “Having launched IFX 16 years ago, it’s been both exhilarating and satisfying to watch the transformation of the business from an impressive FX brokerage to a transformational fintech company. Now feels like the appropriate time to recalibrate our management structure with this extraordinary period of growth showing no signs of slowing.”

Will Marwick, IFX Payments CEO said: “The launch of ibanq has transformed IFX and promises to revolutionise the whole digital payments experience. ibanq has not only been the engine for our rapid growth this year but as IFX moves into another exciting phase I am already relishing the promise of helping thousands of businesses realise their potential.”