Phil Weisberg, known for founding FXAll, has parted ways with OneZero Financial Systems, where he served as the EVP of Strategic Planning and Partnerships for the past five years. Although he initially joined OneZero in mid-2018 as a Strategic Advisor, he was added to the executive team after a year.
An Exit after Accomplishments
“I’m grateful for the opportunity to have spent five years contributing to the substantial growth of OneZero, a bootstrapped, technology-first company,” Weisberg wrote in a LinkedIn post announcing his departure.
“During my time there, I was proud to have worked with their executive team to secure their first outside investment, establish a data and analytics business, bring their technology to institutional markets, expand their talent pool, and mature their business processes in the areas of commercial policy and strategy.”
The external funding Weisberg mentioned came from him and the private equity firm Lovell Minnick Partners in mid-2019. However, none of the involved parties revealed the investment amount. OneZero raised additional funds last year from Golden Gate Capital, another private equity firm, and Lovell Minnick Partners.
Focus Will Be on Growing Investment Portfolio
After his exit from OneZero, Weisberg will focus on growing his investment portfolio through Matzliach Capital, which he founded in 2017. Some of the existing and exited investments of the company include OneZero, B2C2, Overboard, Cadence, and more.
“Moving forward, I am expanding my growth investment portfolio through Matzliach Capital to include resilience technology, given the parallels I see between its development and the electronification of financial markets that I witnessed early in my career,” Weisberg added. “This is in addition to my focus on wholesale financial technology companies.”
Weisberg started his career in the institutional FX industry in 1989 with a role at JPMorgan, where he spent the first 12 years of his career, leaving as Managing Director. He founded and led FXAll for about 11 years until the platform was acquired by Thomson Reuters in 2012. Following the acquisition, he joined Thomson Reuters and worked there for about four years.
This article was written by Arnab Shome at www.financemagnates.com.
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