This week witnessed a notable rise in executive appointments within the forex, crypto, and fintech industries, showing a slight difference compared to last week’s activity.
The week’s executive moves in the financial sector reflect significant transitions and strategic appointments. First of all, the executive appointments begin with: Michel Everaert has been appointed as the Global Head of E-Commerce and Digitalization at Compagnie Financière Tradition; Broadridge has expanded by adding Vicki Leonidis to Canada and Jean-Paul Joseph to the UK; Abdelhadi Laabi has joined NCM Financial Services as the COO; Templum has appointed Julie Ros as the new CMO; Virtu Financial prepares for CFO transition with Cindy Lee; Deriv celebrates its 25th anniversary with Rakshit Choudhary as Co-CEO; Chris James has departed Gold-i. These moves underscore the dynamic nature of the financial industry and the strategic vision of key players amidst market changes and growth opportunities.
Discover the ever-changing landscape of executive shifts within the realms of forex, cryptocurrency, and fintech through our weekly executive summary. Take a closer look at the developing scene of leadership transitions within the financial technology industry.
CME Group’s MD to Join Compagnie Financière Tradition to Lead Digitalization
Compagnie Financière Tradition (CFT) has bolstered its leadership team with Michel Everaert who has been appointed as the Global Head of E-Commerce and Digitalization. Everaert, previously with CME Group for 13 years, brings extensive industry expertise to drive electronic initiatives and foster customer-driven strategies. His transition underscores CFT’s commitment to expansion and innovation, aligning with its ambitious growth agenda. Everaert expressed his enthusiasm: “I am excited about the potential this offers, and look forward to building relationships and working with teams across the global business.”
With over three decades in financial services, Everaert’s tenure at CME Group and roles at other industry giants positions him to enhance CFT’s market position. His appointment reflects CFT’s strategic vision, leveraging his wealth of knowledge to accelerate business enhancement. Patrick Combes, the Chairman of CFT, emphasizes Everaert’s valuable contributions to their growth plans, recognizing his extensive experience and expertise.
Expose more about Michel Everaert’s pivotal role in advancing Compagnie Financière Tradition’s digital transformation and its implications for the company’s future endeavors.
Jean-Paul Joseph, Source: LinkedIn
Broadridge Expands Global Class Action with Key Appointments in Canada, UK
Broadridge, a leader in investor communications and technology solutions, has expanded its Global Class Action footprint to meet the rising volume and complexity of cases worldwide. In Canada, Vicki Leonidis joins as Relationship Manager for Global Class Action Broker Services, bringing a decade of expertise in Canadian broker-dealer relationships. She will enhance services for Canadian and international clients, reporting to Brooks Robinson. Meanwhile, Jean-Paul Joseph joins the UK team as Relationship Manager for Global Class Action Custody Services, leveraging his extensive experience in managing UK and European client relationships.
Simultaneously, Japanese SBI Securities partners with Broadridge to enter the UK equities brokerage market. Utilizing Broadridge’s ASP cloud environment and Swift Service Bureau, SBI aims to enhance operational efficiency and client services. This collaboration builds upon their existing partnership in processing Japanese equities transactions in Hong Kong and Singapore.
Learn more about Broadridge’s strategic expansions and partnerships in response to the global surge in class action cases and market entries.
Abdelhadi Laabi, Source: LinkedIn
Former Marketing Director of XTB Becomes NCM Financial’s COO
Abdelhadi Laabi, a seasoned marketing expert in financial services, transitions to Dubai-based NCM Financial Services as Chief Operating Officer (COO). Laabi’s move follows NCM’s recent acquisition of a license in the UAE, aligning with Eshraq Investments’ growth strategy. NCM, a subsidiary of Kuwait-based NCM Investment, expands its retail trading services, specializing in forex and CFDs across various asset classes. Laabi’s role emphasizes strategic marketing and operational optimization, aiming to drive audience engagement and enhance productivity.
Laabi’s extensive experience spans notable positions at Kama Capital, Emporium Capital Global Trading, and XTB, reflecting his deep understanding of the industry. His multifaceted background, ranging from digital marketing at Alpari to brand operations at Procter & Gamble, underscores his adaptability and strategic prowess. Laabi’s appointment signals NCM’s commitment to innovation and growth in the competitive financial services landscape.
Discover more about Abdelhadi Laabi’s journey and NCM Financial’s expansion efforts, poised to capitalize on emerging opportunities in the UAE market.
Julie Ros, Source: LinkedIn
Profit & Loss’ Founder Julie Ros Joins New York-Based Firm as CMO
Julie Ros, renowned for her leadership at Profit & Loss magazine in the FX industry, has assumed the role of Chief Marketing Officer (CMO) at Templum, headquartered in New York. Templum operates as a broker-dealer and Alternative Trading System, facilitating trading in unregistered private securities across the US. Ros expressed excitement about her new role: “Templum is providing the technology that is helping the industry harness this growth.”
As the Founder of Profit & Loss magazine, Ros brings extensive experience in journalism and marketing to Templum. Despite the closure of Profit & Loss in 2020 due to pandemic challenges, Ros has remained active in the FX and crypto sectors, previously serving as a Marketing Consultant at Genesis and Fractional CMO at FX HedgePool. Templum highlighted Ros’s expertise in covering the evolution of financial markets, noting her alignment with their mission to modernize market access for private markets and alternative assets.
Display more about Julie Ros’s transition to Templum and her vision for modernizing market access in the financial industry.
Cindy Lee, Source: LinkedIn
Virtu Financial’s Q1 Net Income Hits $111.3 Million, Prepares for CFO Transition
Virtu Financial, Inc. (NASDAQ: VIRT) impresses with robust performance in Q1 2024, reporting a net income of $111.3 million and a notable Normalized Adjusted Net Income of $124.3 million. The company’s total revenues surged to $642.8 million, driven by a substantial trading income, net, of $408.1 million, with a net income margin of 17.3%. Operational prowess is evident in its Adjusted EBITDA of $202.8 million, accompanied by an Adjusted EBITDA Margin of 55.3%. Additionally, Virtu and 360T form a strategic partnership to provide integrated FX Trading Analytics and Transaction Cost Analysis services, enhancing trading insights for clients.
Announcing a CFO transition, Cindy Lee, currently the Deputy Chief Financial Officer, is slated to become CFO on August 1, 2024, following meticulous succession planning. Sean Galvin, the incumbent CFO, will transition to a senior role to ensure continuity. Lee’s extensive background in financial services and her pivotal role in Virtu’s financial operations underscore her preparedness for the new role.
Reveal more about Virtu Financial’s robust Q1 performance and strategic CFO transition amidst its partnership endeavors with 360T, poised to enhance trading analytics and insights for clients.
Michael Bogoevski, Source: LinkedIn
CMC Markets Elevates Long-Term Executive to Head of Institutional APAC and Canada
CMC Markets announces the promotion of Michael Bogoevski to Head of Institutional APAC and Canada, based in Sydney, Australia. With almost 16 years at CMC Markets across two stints, Bogoevski brings extensive experience to his new role, having previously served as Head of Distribution for APAC and Canada. His career spans various roles in the financial services industry, including positions at Rand Merchant Bank and Societe Generale before joining CMC Markets.
While Bogoevski’s promotion reflects the company’s commitment to nurturing talent, CMC Markets is concurrently implementing cost-cutting measures, aiming to reduce its global workforce by 17%. Despite these adjustments, the firm anticipates exceeding operating income projections for fiscal year 2024, signaling confidence in its financial performance amidst organizational changes.
Investigate more about CMC Markets’ strategic initiatives and financial outlook amidst Bogoevski’s promotion and the company’s cost reduction efforts.
James Hughes, Group Head of Marketing at Scope Markets
Exclusive: Scope Markets’ CMO James Hughes Departs to Pursue New Venture
James Hughes, the Chief Marketing Officer of Scope Markets, has departed to pursue a new venture, leveraging over 20 years of industry experience. Hughes, who previously served as Chief Market Analyst, aims to develop multi-asset brokerage solutions, emphasizing comprehensive market commentary and branding services.
Last month, Scope Markets expanded its reach with a new branch in Nabatieh, Lebanon, marking its fourth branch in the country. The CEO, Pavel Spirin, highlighted the strategic importance of the MENA region, emphasizing personalized support for traders. Rostro Group’s acquisition of Scope Markets in the previous year facilitated reentry into the Chinese market, reflecting the company’s global growth strategy.
Find out more about James Hughes’ departure and Scope Markets’ expansion plans as they navigate evolving market dynamics and strategic growth opportunities.
Rakshit Choudhary, Source: LinkedIn
Exclusive: Deriv Embraces Dual Leadership with Co-CEO Appointment
Deriv, the online trading company, is celebrating its 25th anniversary with a strategic leadership shift. Rakshit Choudhary, formerly the Chief Operating Officer, has been elevated to the role of Co-Chief Executive Officer. The Founder and Co-CEO, Jean-Yves Sireau, expressed confidence in Choudhary’s leadership, emphasizing the synergy and improved decision-making expected from this dual leadership approach. Choudhary, with over a decade of experience at Deriv, is enthusiastic about the company’s mission to make trading accessible globally while prioritizing innovation, security, and accessibility.
In addition to its leadership transition, Deriv has introduced Deriv Prime, its institutional arm, aimed at providing comprehensive liquidity solutions to address industry challenges. Deriv Prime offers a diverse range of assets, including Forex, Cryptocurrencies, Commodities, Stocks, Indices, and ETFs, tailored to meet the trading needs of brokerage firms, corporations, startups, and others seeking global liquidity solutions. This initiative underscores Deriv’s commitment to innovation, customer service, and strengthening partnerships as it embarks on another successful 25 years.
Identify more about Deriv’s strategic initiatives and its vision for the future amidst its 25th-anniversary celebrations.
Chris James, Source: LinkedIn
MAS Markets Welcomes Gold-i’s Chris James as Chief Technology Officer
Chris James, previously Gold-i’s CTO, has now assumed the role of Chief Technology Officer at Multi Assets Solutions Limited (MAS) Markets, following his recent departure from Gold-i. James, with six years of experience at Gold-i, oversaw various aspects including client support, operations, software development, and quality assurance. Tom Higgins, the CEO of Gold-i, lauded James for his remarkable contributions and innovative leadership during his 12-year tenure, expressing confidence in James’ future endeavors.
James’ journey at Gold-i started as a Quality Assurance Analyst and rose to the position of CTO. During this time, he exemplified his dedication and expertise. Meanwhile, BidX Markets’ rebranding to MAS Markets and its substantial revenue growth of 253% in 2023, surpassing £1 million, has raised questions about regulatory influences and market dynamics. The firm’s profitability underscores its resilience and adaptability in the evolving financial landscape.
Expose more about Chris James’ transition to MAS Markets and BidX’s transformation into MAS Markets amidst significant revenue growth and regulatory considerations.
Jareer Hiary, Source: LinkedIn
Jareer Hiary Takes Helm as CEO in CFI UAE’s Leadership Transition
CFI Financial Markets LLC (CFI UAE) has announced Jareer Hiary as the new CEO, succeeding Nidal Abdel Hadi, who is transitioning to personal ventures. Hiary’s appointment coincides with CFI’s recent launch of its SCA-regulated entity in the UAE. Formerly CEO of Credit Financier Invest Limited, Abdel Hadi played a crucial role in securing regulatory status for CFI UAE. Pending regulatory approval, Hiary’s experience, highlighted by his success in the Jordanian division, positions him to lead CFI UAE’s growth.
Expressing his commitment to innovation, Hiary anticipates leading CFI UAE to further success. His appointment underscores CFI’s strategic vision amid regulatory milestones. Meanwhile, CFI’s partnership as the Official Partner of the Saudi Super Cup showcases its regional engagement and commitment to sports sponsorships, aligning with its broader strategy of market visibility and community involvement.
Learn more about CFI UAE’s leadership transition and regional partnerships fostering growth and community engagement.
Andrew Mreana, Source: LinkedIn
Andrew Mreana Leaves Spotware Systems
Andrew Mreana, the Head of Growth at Spotware Systems, has resigned from the company after ten months. In a LinkedIn post, Mreana expressed gratitude for his time: “It was a pleasure undertaking the Head of Growth position.” Spotware Systems, renowned for its cTrader trading platform, faces uncertainty regarding Mreana’s replacement.
With a diverse career spanning financial services, Mreana previously held roles in forex and CFDs brokerage. Before Spotware, he served as a Call Center Manager and Head of Sales. Mreana’s journey includes founding platforms like DOT Financial News and various positions across Cyprus and the UK.
Discover more about Andrew Mreana’s departure and his impactful career within financial services.
Alexandra Johnson, Source: LinkedIn
Nium Names Chief Payments Officer, Expands Trulioo Partnership
Nium, a leading provider of real-time cross-border payment solutions, has made significant changes to its leadership team and business collaborations. Alexandra Johnson has been appointed as the Chief Payments Officer, a newly created role aimed at fortifying Nium’s global payment infrastructure and compliance measures. With her extensive background in banking and payments, including roles at Bank of America and JP Morgan, Johnson’s appointment reflects Nium’s commitment to enhancing its operational efficiency and expanding its market reach.
In addition to Johnson’s appointment, Nium has expanded its partnership with Trulioo, a prominent identity verification platform. This collaboration aims to bolster Nium’s operations in the UK by leveraging Trulioo’s robust identity verification capabilities. By integrating Trulioo’s Person Match solution, Nium has experienced a significant improvement in its KYC verification rates, with customers being verified in record time. These strategic moves highlight Nium’s dedication to fostering compliance and delivering seamless payment experiences to its global clientele.
Display more about Nium naming its new Chief Payments Officer as it continues to strengthen its position in the dynamic cross-border payments landscape.
Nordine Mejd, Source: LinkedIn
Another Broker Eyes Latam: TopFX Onboards Regional Director
TopFX Global has strengthened its presence in Latin America with the appointment of Nordine Mejd as the Director for the Latam region. Mejd, with over a decade of financial services experience, assumes this role, signaling TopFX’s strategic focus on emerging markets. Operating from Cyprus, TopFX offers a diverse range of retail and institutional services, including CFDs on forex, indices, shares, metals, energies, ETFs, and cryptocurrencies. Mejd’s tenure at TopFX follows significant roles at SEC Markets and TTCM Traders Trust, where he honed his expertise in the industry.
The move reflects a broader trend of brokers targeting the burgeoning Latam markets, highlighted by recent developments from ATFX and Exness. With Brazil and Mexico boasting sizable populations, the potential for CFD trading growth in the region is substantial. Mejd’s appointment underscores TopFX’s commitment to expanding its foothold in Latam and capitalizing on the region’s market opportunities.
Reveal more about TopFX’s strategic moves and the evolving landscape of forex and CFD trading in Latin America.
Nick Xydas, Source: LinkedIn
CFDs Broker Ec Markets Gives the Marketing Team a Boost by Hiring Nick Xydas
Ec Markets, a forex and contracts for differences (CFDs) broker, has appointed Nick Xydas as the Marketing Director, aiming to elevate its global presence. Xydas, with a background in fintech marketing, brings expertise from his roles at Matworks and CreditPilot, where he served as Chief Marketing Officer, fostering growth and innovation.
Ec Markets, operating with multiple regulatory licenses across the UK, Seychelles, and Mauritius, expands its offerings, including spot forex, metals, crude oil, and indices. Xydas’s appointment aligns with the company’s strategic vision, highlighted by its recent membership in the London Stock Exchange, paving the way for further market prominence and expansion.
Find out more about Nick Xydas’s appointment and Ec Markets’ trajectory in the competitive forex and CFDs market.
Gold-i’s Chief Technology Officer Chris James Departs
Gold-i’s Chief Technology Officer (CTO), Chris James, has departed the company after six years in the role. During his tenure, James played a crucial role in client support, operations, software development, and quality assurance. The CEO, Tom Higgins, expressed gratitude for James’ contributions, noting his rapid rise from a tester to the CTO position. James had been with Gold-i for nearly 11 years, serving in various capacities before becoming the CTO.
Gold-i recently expanded its presence in Cyprus by partnering with DL Consulting, aiming to enhance sales and support services in the region. This move aligns with Gold-i’s strategy to cater to the growing forex market in Cyprus. Additionally, the company introduced a new tool, the Swap Free plug-in, enabling brokers to offer trading accounts without interest payments, thereby creating a new revenue stream while providing brokers with greater fee structure control.
Identify more about Gold-i’s strategic expansion and technological innovations amidst Chris James’ departure and recent product introductions.
This week witnessed a notable rise in executive appointments within the forex, crypto, and fintech industries, showing a slight difference compared to last week’s activity.
The week’s executive moves in the financial sector reflect significant transitions and strategic appointments. First of all, the executive appointments begin with: Michel Everaert has been appointed as the Global Head of E-Commerce and Digitalization at Compagnie Financière Tradition; Broadridge has expanded by adding Vicki Leonidis to Canada and Jean-Paul Joseph to the UK; Abdelhadi Laabi has joined NCM Financial Services as the COO; Templum has appointed Julie Ros as the new CMO; Virtu Financial prepares for CFO transition with Cindy Lee; Deriv celebrates its 25th anniversary with Rakshit Choudhary as Co-CEO; Chris James has departed Gold-i. These moves underscore the dynamic nature of the financial industry and the strategic vision of key players amidst market changes and growth opportunities.
Discover the ever-changing landscape of executive shifts within the realms of forex, cryptocurrency, and fintech through our weekly executive summary. Take a closer look at the developing scene of leadership transitions within the financial technology industry.
CME Group’s MD to Join Compagnie Financière Tradition to Lead Digitalization
Compagnie Financière Tradition (CFT) has bolstered its leadership team with Michel Everaert who has been appointed as the Global Head of E-Commerce and Digitalization. Everaert, previously with CME Group for 13 years, brings extensive industry expertise to drive electronic initiatives and foster customer-driven strategies. His transition underscores CFT’s commitment to expansion and innovation, aligning with its ambitious growth agenda. Everaert expressed his enthusiasm: “I am excited about the potential this offers, and look forward to building relationships and working with teams across the global business.”
With over three decades in financial services, Everaert’s tenure at CME Group and roles at other industry giants positions him to enhance CFT’s market position. His appointment reflects CFT’s strategic vision, leveraging his wealth of knowledge to accelerate business enhancement. Patrick Combes, the Chairman of CFT, emphasizes Everaert’s valuable contributions to their growth plans, recognizing his extensive experience and expertise.
Expose more about Michel Everaert’s pivotal role in advancing Compagnie Financière Tradition’s digital transformation and its implications for the company’s future endeavors.
Jean-Paul Joseph, Source: LinkedIn
Broadridge Expands Global Class Action with Key Appointments in Canada, UK
Broadridge, a leader in investor communications and technology solutions, has expanded its Global Class Action footprint to meet the rising volume and complexity of cases worldwide. In Canada, Vicki Leonidis joins as Relationship Manager for Global Class Action Broker Services, bringing a decade of expertise in Canadian broker-dealer relationships. She will enhance services for Canadian and international clients, reporting to Brooks Robinson. Meanwhile, Jean-Paul Joseph joins the UK team as Relationship Manager for Global Class Action Custody Services, leveraging his extensive experience in managing UK and European client relationships.
Simultaneously, Japanese SBI Securities partners with Broadridge to enter the UK equities brokerage market. Utilizing Broadridge’s ASP cloud environment and Swift Service Bureau, SBI aims to enhance operational efficiency and client services. This collaboration builds upon their existing partnership in processing Japanese equities transactions in Hong Kong and Singapore.
Learn more about Broadridge’s strategic expansions and partnerships in response to the global surge in class action cases and market entries.
Abdelhadi Laabi, Source: LinkedIn
Former Marketing Director of XTB Becomes NCM Financial’s COO
Abdelhadi Laabi, a seasoned marketing expert in financial services, transitions to Dubai-based NCM Financial Services as Chief Operating Officer (COO). Laabi’s move follows NCM’s recent acquisition of a license in the UAE, aligning with Eshraq Investments’ growth strategy. NCM, a subsidiary of Kuwait-based NCM Investment, expands its retail trading services, specializing in forex and CFDs across various asset classes. Laabi’s role emphasizes strategic marketing and operational optimization, aiming to drive audience engagement and enhance productivity.
Laabi’s extensive experience spans notable positions at Kama Capital, Emporium Capital Global Trading, and XTB, reflecting his deep understanding of the industry. His multifaceted background, ranging from digital marketing at Alpari to brand operations at Procter & Gamble, underscores his adaptability and strategic prowess. Laabi’s appointment signals NCM’s commitment to innovation and growth in the competitive financial services landscape.
Discover more about Abdelhadi Laabi’s journey and NCM Financial’s expansion efforts, poised to capitalize on emerging opportunities in the UAE market.
Julie Ros, Source: LinkedIn
Profit & Loss’ Founder Julie Ros Joins New York-Based Firm as CMO
Julie Ros, renowned for her leadership at Profit & Loss magazine in the FX industry, has assumed the role of Chief Marketing Officer (CMO) at Templum, headquartered in New York. Templum operates as a broker-dealer and Alternative Trading System, facilitating trading in unregistered private securities across the US. Ros expressed excitement about her new role: “Templum is providing the technology that is helping the industry harness this growth.”
As the Founder of Profit & Loss magazine, Ros brings extensive experience in journalism and marketing to Templum. Despite the closure of Profit & Loss in 2020 due to pandemic challenges, Ros has remained active in the FX and crypto sectors, previously serving as a Marketing Consultant at Genesis and Fractional CMO at FX HedgePool. Templum highlighted Ros’s expertise in covering the evolution of financial markets, noting her alignment with their mission to modernize market access for private markets and alternative assets.
Display more about Julie Ros’s transition to Templum and her vision for modernizing market access in the financial industry.
Cindy Lee, Source: LinkedIn
Virtu Financial’s Q1 Net Income Hits $111.3 Million, Prepares for CFO Transition
Virtu Financial, Inc. (NASDAQ: VIRT) impresses with robust performance in Q1 2024, reporting a net income of $111.3 million and a notable Normalized Adjusted Net Income of $124.3 million. The company’s total revenues surged to $642.8 million, driven by a substantial trading income, net, of $408.1 million, with a net income margin of 17.3%. Operational prowess is evident in its Adjusted EBITDA of $202.8 million, accompanied by an Adjusted EBITDA Margin of 55.3%. Additionally, Virtu and 360T form a strategic partnership to provide integrated FX Trading Analytics and Transaction Cost Analysis services, enhancing trading insights for clients.
Announcing a CFO transition, Cindy Lee, currently the Deputy Chief Financial Officer, is slated to become CFO on August 1, 2024, following meticulous succession planning. Sean Galvin, the incumbent CFO, will transition to a senior role to ensure continuity. Lee’s extensive background in financial services and her pivotal role in Virtu’s financial operations underscore her preparedness for the new role.
Reveal more about Virtu Financial’s robust Q1 performance and strategic CFO transition amidst its partnership endeavors with 360T, poised to enhance trading analytics and insights for clients.
Michael Bogoevski, Source: LinkedIn
CMC Markets Elevates Long-Term Executive to Head of Institutional APAC and Canada
CMC Markets announces the promotion of Michael Bogoevski to Head of Institutional APAC and Canada, based in Sydney, Australia. With almost 16 years at CMC Markets across two stints, Bogoevski brings extensive experience to his new role, having previously served as Head of Distribution for APAC and Canada. His career spans various roles in the financial services industry, including positions at Rand Merchant Bank and Societe Generale before joining CMC Markets.
While Bogoevski’s promotion reflects the company’s commitment to nurturing talent, CMC Markets is concurrently implementing cost-cutting measures, aiming to reduce its global workforce by 17%. Despite these adjustments, the firm anticipates exceeding operating income projections for fiscal year 2024, signaling confidence in its financial performance amidst organizational changes.
Investigate more about CMC Markets’ strategic initiatives and financial outlook amidst Bogoevski’s promotion and the company’s cost reduction efforts.
James Hughes, Group Head of Marketing at Scope Markets
Exclusive: Scope Markets’ CMO James Hughes Departs to Pursue New Venture
James Hughes, the Chief Marketing Officer of Scope Markets, has departed to pursue a new venture, leveraging over 20 years of industry experience. Hughes, who previously served as Chief Market Analyst, aims to develop multi-asset brokerage solutions, emphasizing comprehensive market commentary and branding services.
Last month, Scope Markets expanded its reach with a new branch in Nabatieh, Lebanon, marking its fourth branch in the country. The CEO, Pavel Spirin, highlighted the strategic importance of the MENA region, emphasizing personalized support for traders. Rostro Group’s acquisition of Scope Markets in the previous year facilitated reentry into the Chinese market, reflecting the company’s global growth strategy.
Find out more about James Hughes’ departure and Scope Markets’ expansion plans as they navigate evolving market dynamics and strategic growth opportunities.
Rakshit Choudhary, Source: LinkedIn
Exclusive: Deriv Embraces Dual Leadership with Co-CEO Appointment
Deriv, the online trading company, is celebrating its 25th anniversary with a strategic leadership shift. Rakshit Choudhary, formerly the Chief Operating Officer, has been elevated to the role of Co-Chief Executive Officer. The Founder and Co-CEO, Jean-Yves Sireau, expressed confidence in Choudhary’s leadership, emphasizing the synergy and improved decision-making expected from this dual leadership approach. Choudhary, with over a decade of experience at Deriv, is enthusiastic about the company’s mission to make trading accessible globally while prioritizing innovation, security, and accessibility.
In addition to its leadership transition, Deriv has introduced Deriv Prime, its institutional arm, aimed at providing comprehensive liquidity solutions to address industry challenges. Deriv Prime offers a diverse range of assets, including Forex, Cryptocurrencies, Commodities, Stocks, Indices, and ETFs, tailored to meet the trading needs of brokerage firms, corporations, startups, and others seeking global liquidity solutions. This initiative underscores Deriv’s commitment to innovation, customer service, and strengthening partnerships as it embarks on another successful 25 years.
Identify more about Deriv’s strategic initiatives and its vision for the future amidst its 25th-anniversary celebrations.
Chris James, Source: LinkedIn
MAS Markets Welcomes Gold-i’s Chris James as Chief Technology Officer
Chris James, previously Gold-i’s CTO, has now assumed the role of Chief Technology Officer at Multi Assets Solutions Limited (MAS) Markets, following his recent departure from Gold-i. James, with six years of experience at Gold-i, oversaw various aspects including client support, operations, software development, and quality assurance. Tom Higgins, the CEO of Gold-i, lauded James for his remarkable contributions and innovative leadership during his 12-year tenure, expressing confidence in James’ future endeavors.
James’ journey at Gold-i started as a Quality Assurance Analyst and rose to the position of CTO. During this time, he exemplified his dedication and expertise. Meanwhile, BidX Markets’ rebranding to MAS Markets and its substantial revenue growth of 253% in 2023, surpassing £1 million, has raised questions about regulatory influences and market dynamics. The firm’s profitability underscores its resilience and adaptability in the evolving financial landscape.
Expose more about Chris James’ transition to MAS Markets and BidX’s transformation into MAS Markets amidst significant revenue growth and regulatory considerations.
Jareer Hiary, Source: LinkedIn
Jareer Hiary Takes Helm as CEO in CFI UAE’s Leadership Transition
CFI Financial Markets LLC (CFI UAE) has announced Jareer Hiary as the new CEO, succeeding Nidal Abdel Hadi, who is transitioning to personal ventures. Hiary’s appointment coincides with CFI’s recent launch of its SCA-regulated entity in the UAE. Formerly CEO of Credit Financier Invest Limited, Abdel Hadi played a crucial role in securing regulatory status for CFI UAE. Pending regulatory approval, Hiary’s experience, highlighted by his success in the Jordanian division, positions him to lead CFI UAE’s growth.
Expressing his commitment to innovation, Hiary anticipates leading CFI UAE to further success. His appointment underscores CFI’s strategic vision amid regulatory milestones. Meanwhile, CFI’s partnership as the Official Partner of the Saudi Super Cup showcases its regional engagement and commitment to sports sponsorships, aligning with its broader strategy of market visibility and community involvement.
Learn more about CFI UAE’s leadership transition and regional partnerships fostering growth and community engagement.
Andrew Mreana, Source: LinkedIn
Andrew Mreana Leaves Spotware Systems
Andrew Mreana, the Head of Growth at Spotware Systems, has resigned from the company after ten months. In a LinkedIn post, Mreana expressed gratitude for his time: “It was a pleasure undertaking the Head of Growth position.” Spotware Systems, renowned for its cTrader trading platform, faces uncertainty regarding Mreana’s replacement.
With a diverse career spanning financial services, Mreana previously held roles in forex and CFDs brokerage. Before Spotware, he served as a Call Center Manager and Head of Sales. Mreana’s journey includes founding platforms like DOT Financial News and various positions across Cyprus and the UK.
Discover more about Andrew Mreana’s departure and his impactful career within financial services.
Alexandra Johnson, Source: LinkedIn
Nium Names Chief Payments Officer, Expands Trulioo Partnership
Nium, a leading provider of real-time cross-border payment solutions, has made significant changes to its leadership team and business collaborations. Alexandra Johnson has been appointed as the Chief Payments Officer, a newly created role aimed at fortifying Nium’s global payment infrastructure and compliance measures. With her extensive background in banking and payments, including roles at Bank of America and JP Morgan, Johnson’s appointment reflects Nium’s commitment to enhancing its operational efficiency and expanding its market reach.
In addition to Johnson’s appointment, Nium has expanded its partnership with Trulioo, a prominent identity verification platform. This collaboration aims to bolster Nium’s operations in the UK by leveraging Trulioo’s robust identity verification capabilities. By integrating Trulioo’s Person Match solution, Nium has experienced a significant improvement in its KYC verification rates, with customers being verified in record time. These strategic moves highlight Nium’s dedication to fostering compliance and delivering seamless payment experiences to its global clientele.
Display more about Nium naming its new Chief Payments Officer as it continues to strengthen its position in the dynamic cross-border payments landscape.
Nordine Mejd, Source: LinkedIn
Another Broker Eyes Latam: TopFX Onboards Regional Director
TopFX Global has strengthened its presence in Latin America with the appointment of Nordine Mejd as the Director for the Latam region. Mejd, with over a decade of financial services experience, assumes this role, signaling TopFX’s strategic focus on emerging markets. Operating from Cyprus, TopFX offers a diverse range of retail and institutional services, including CFDs on forex, indices, shares, metals, energies, ETFs, and cryptocurrencies. Mejd’s tenure at TopFX follows significant roles at SEC Markets and TTCM Traders Trust, where he honed his expertise in the industry.
The move reflects a broader trend of brokers targeting the burgeoning Latam markets, highlighted by recent developments from ATFX and Exness. With Brazil and Mexico boasting sizable populations, the potential for CFD trading growth in the region is substantial. Mejd’s appointment underscores TopFX’s commitment to expanding its foothold in Latam and capitalizing on the region’s market opportunities.
Reveal more about TopFX’s strategic moves and the evolving landscape of forex and CFD trading in Latin America.
Nick Xydas, Source: LinkedIn
CFDs Broker Ec Markets Gives the Marketing Team a Boost by Hiring Nick Xydas
Ec Markets, a forex and contracts for differences (CFDs) broker, has appointed Nick Xydas as the Marketing Director, aiming to elevate its global presence. Xydas, with a background in fintech marketing, brings expertise from his roles at Matworks and CreditPilot, where he served as Chief Marketing Officer, fostering growth and innovation.
Ec Markets, operating with multiple regulatory licenses across the UK, Seychelles, and Mauritius, expands its offerings, including spot forex, metals, crude oil, and indices. Xydas’s appointment aligns with the company’s strategic vision, highlighted by its recent membership in the London Stock Exchange, paving the way for further market prominence and expansion.
Find out more about Nick Xydas’s appointment and Ec Markets’ trajectory in the competitive forex and CFDs market.
Gold-i’s Chief Technology Officer Chris James Departs
Gold-i’s Chief Technology Officer (CTO), Chris James, has departed the company after six years in the role. During his tenure, James played a crucial role in client support, operations, software development, and quality assurance. The CEO, Tom Higgins, expressed gratitude for James’ contributions, noting his rapid rise from a tester to the CTO position. James had been with Gold-i for nearly 11 years, serving in various capacities before becoming the CTO.
Gold-i recently expanded its presence in Cyprus by partnering with DL Consulting, aiming to enhance sales and support services in the region. This move aligns with Gold-i’s strategy to cater to the growing forex market in Cyprus. Additionally, the company introduced a new tool, the Swap Free plug-in, enabling brokers to offer trading accounts without interest payments, thereby creating a new revenue stream while providing brokers with greater fee structure control.
Identify more about Gold-i’s strategic expansion and technological innovations amidst Chris James’ departure and recent product introductions.
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