MacGregor rejoins Jones at Perfect Channel

Paul MacGregor, the former head of sales at the London Metal Exchange, has reunited with former LME chief Garry Jones at his new fintech firm Perfect Channel.

MacGregor, who left LME two years ago to work for Berkeley Futures and then Britannia Global Investments after it bought Berkeley in May last year, joined Perfect Channel this month as its head of sales and marketing.

MacGregor told Global Investor: “I am very happy to join the Perfect Channel team. Perfect Channel supplies cutting-edge marketplace and auction technology, augmented by Machine Learning and AI, which is actively deployed across the Commodities, Logistics and Financial Services industries. I expect the demand for these tools to grow, as all industries now face rapid digitisation.”

Jones, who left LME in early 2017, became chief executive of Perfect Channel in January, pledging to raise the London-based firm’s profile and work with a range of firms wanting digital transformation.

The appointment of MacGregor as head of sales marks one of Jones’ first major moves at the fintech firm and sees Jones and MacGregor working together for a third time.

Before LME, MacGregor spent 18 years at Liffe, latterly as the exchange’s head of fixed income derivatives, in which time the London-based market was bought by Euronext then the New York Stock Exchange.

MacGregor spent more than seven years working with Jones at Liffe who was chief executive of the London derivatives exchange until September 2012 when he left to join LME.

MacGregor also left Liffe in 2012 to become a managing director at FfastFill for a year until the fintech firm was bought by ION Trading where he worked for nine months as the head of European agency sales. He left for LME in September 2014.

Jones told Global Investor shortly after he became the chief executive of Perfect Channel in January the firm is keen to work with “banks and brokers” but is not in the business of supplying trading systems to exchanges.