FNG Exclusive… FNG has learned that trading tech solutions provider oneZero Financial Systems has seen the departure of longtime executive Phil Weisberg.

Phil Weisberg has been with oneZero since 2019, serving as the company’s EVP Strategic Planning and Partnerships. Prior to his time at oneZero, Phil was CEO of institutional FX platform FXall, which was acquired by financial technology and data giant Thomson Reuters in 2012 for $625 million. He stayed on a few more years with Thomson Reuters, as Managing Director, Global Head of Foreign Exchange, Rates and Credit.

Phil posted the following note today about his departure from oneZero, and his plans moving forward to focus on the fintech investment firm he started back in 2017, called Matzliach Capital.

Happy New Year!

I’m pleased to share some news and exciting updates about my focus going forward.

I’m grateful for the opportunity to have spent five years contributing to the substantial growth of oneZero, a bootstrapped, technology-first company. 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, expanded their talent pool, and matured their business processes in the areas of commercial policy and strategy. I wish Andrew, Jesse, and the entire team continued success as they embark on their next phase of growth following their recent financing.

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. This is in addition to my focus on wholesale financial technology companies.

The global landscape has been disrupted by a series of events, including the Covid pandemic, the conflict in Ukraine, and the 2023 attack in Israel and its subsequent worldwide repercussions. These events have shattered the illusion of lasting peace following the Cold War era.  As a result, the once interconnected global economy is now transitioning into a multipolar system, susceptible to supply chain disruptions and asymmetric warfare fueled by advancements in autonomous technology, cyberwarfare, and artificial intelligence. The “peace dividend” is now suspended.

Israel’s culture of innovation, born of necessity, has shown that entrepreneurs can thrive amidst adversity. Recent experience underscores the critical need for technology that can proactively address current threats, prevent future conflicts, and eliminate the need for future reconstruction. Although donations for rebuilding and combating global antisemitism are essential, technological progress is crucial for long-term security and resilience.

The traditional defense industry’s expertise in scaling and managing complex projects is invaluable, but collaboration with agile, mission-driven teams rapidly developing and adapting technological solutions alongside those on the front lines of defending freedom is equally important. I am committed to supporting visionary entrepreneurs who are dedicated to creating these technologies and strengthening Western economies against emerging threats.

I would be happy to connect if you have interest in exploring these opportunities further.

I wish you all the best for a peaceful 2025 and look forward to sharing more updates in the new year!