Tag: executive moves

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ATFX Hires Graham Morris as New Head of Compliance in Australia

In a significant addition to its leadership team, ATFX, a foremost multi-asset broker operating globally, is pleased to announce the appointment of Graham Morris as the new Head of Compliance for its Australian division. This strategic hire underscores ATFX’s commitment to enhancing its regulatory compliance and fortifying its position in the Australian financial marketplace.

Graham Morris joins ATFX with a distinguished career in compliance, having previously held pivotal roles at renowned financial institutions such as Deutsche Bank, MF Global, and OANDA.

His track record is marked by noteworthy accomplishments, including the establishment of corporate entities in the British Virgin Islands and the provision of superior services in emerging markets. Morris’s ability to adeptly manage complex regulatory requirements and foster strong relationships with both regulators and clients is expected to be a key asset to ATFX.

In his new role, Morris will lead the development and implementation of comprehensive compliance strategies that align with local regulations and meet Australia’s rigorous regulatory standards. He will be responsible for overseeing the compliance of business segments and internal processes, as well as strategizing on client acquisition.

“I am thrilled to join ATFX’s Australian team during such a dynamic phase of growth for the company. I look forward to applying my broad experience to further elevate our service offerings,” stated Graham Morris regarding his new position.

ATFX has warmly welcomed Morris to the team, highlighting his extensive knowledge in financial market trading and global capital market regulations as critical to the company’s growth strategy in Australia. His addition to the leadership team, alongside Simon Naish, ATFX’s group head in Australia, represents another step in ATFX’s ongoing effort to assemble a premier team of professionals dedicated to providing exceptional service.

The appointment is part of ATFX’s broader strategy to attract top-tier talent and expand its global footprint. It follows other recent key appointments, including Drew Niv as Chief Strategic Officer, Linton White as Regional Head for ATFX Africa, Hormoz Faryar as Managing Director of Institutional Sales, and Aditya Singh as Business Development Director International for ATFX MENA.

ATFX remains committed to investing in high-caliber talent, technological advancements, and infrastructural improvements to enhance its market competitiveness and fulfill its mission of delivering superior trading experiences worldwide.

About ATFX:

ATFX is a leading global fintech broker, offering services in 22 locations worldwide, with regulatory licenses from prestigious bodies including the UK’s FCA, Cyprus’ CySEC, UAE’s SCA, Australia’s ASIC, and South Africa’s FSCA. Known for its commitment to customer satisfaction, cutting-edge technology, and adherence to strict regulatory standards, ATFX provides unparalleled trading experiences to a global clientele.

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Zoltan Nemeth Appointed as Head of Growth at ZuluTrade

In a strategic move within the forex industry, Zoltan Nemeth has taken on a new role as Head of Growth at the innovative social and copy trading platform, ZuluTrade. This appointment follows his notable tenure at Swissquote Cyprus, part of the Swissquote Group (SWX:SQN), where he served as Chief Operating Officer and spearheaded operations and sales for the company’s EU retail business.

ZuluTrade

Nemeth, whose career spans across several prestigious positions within the forex sector, brings a wealth of experience to ZuluTrade. Before his impactful role at Swissquote Cyprus starting in early 2022, he held significant leadership positions at Orbex, where he was the Head Of Global Sales and Head Of Global Business Development.

His extensive background also includes senior sales roles at other well-known brokerage firms, including TeleTrade, eToro, and IronFX, marking him as a veteran with a comprehensive understanding of the global forex market and its dynamics.

ZuluTrade, renowned for its pioneering approach in social and copy trading, became part of the Finvasia Group in 2021. Finvasia, which also owns Retail FX and CFDs brokers AAAFx and Fxview, along with trading platform provider ActTrader, is under the leadership of brothers Sarvjeet Singh Virk and Tajinder Virk. The acquisition by Finvasia has poised ZuluTrade for further innovation and expansion in the trading world.

Nemeth’s move to ZuluTrade as Head of Growth signifies a significant step for the company as it aims to solidify and expand its presence in the forex industry.

With his track record of leading successful teams and driving growth, Nemeth’s expertise is expected to propel ZuluTrade’s offerings to new heights, enhancing its position as a leading platform for social and copy trading. As he continues to be based out of Cyprus, Nemeth’s strategic vision will play a crucial role in advancing ZuluTrade’s mission to democratize trading by making it more accessible and user-friendly for traders around the globe.

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Valutrades Announces Departure of CFO Liam Bonfield After Significant Contributions

Valutrades, a prominent Retail FX and CFDs broker based in London, has announced the departure of its Chief Financial Officer (CFO), Liam Bonfield, marking the end of an influential eight-year tenure. Bonfield, who joined the Valutrades team in 2016, has been a pivotal figure in the company’s financial management and strategic planning.

valutrades

Prior to his role at Valutrades, Liam Bonfield brought with him a wealth of experience from previous positions at GMO Z.com and London Capital Group, significantly contributing to the growth and development of Valutrades over the years.

Graeme Watkins, CEO of Valutrades, expressed his gratitude towards Bonfield, stating, “We would like to thank Liam for all his efforts at Valutrades. We would not have been able to have achieved everything we have done without him and wish him all the best on his future endeavours.” This sentiment reflects the high regard in which Bonfield is held within the company and the industry at large.

In response, Liam Bonfield shared his appreciation for the support he received during his time at Valutrades. He said, “I would like to thank the board and shareholders for all of their support during my 8 years as CFO of Valutrades Limited. I have thoroughly enjoyed working with some talented people over the years. With the recent investments in the new technology stack, I have every confidence in the future success of the business and I wish the team the very best for the future.”

Valutrades, which has been under the leadership of CEO Graeme Watkins since 2015, is regulated by the Financial Conduct Authority (FCA) in the UK. The broker has recently undergone a rebranding in 2023 following a year of strong financial performance.

In its most recent fiscal year (2022), Valutrades reported a 47% increase in revenues, reaching £6.5 million, and a net profit of £735K. The company’s success is attributed to its innovative approach and the significant investments in technology, alongside the strategic leadership of individuals like Bonfield.

Owned by Indonesian investors Aman Lakhiani and Anil Bahirwani, Valutrades is poised for continued success and growth in the competitive world of online brokerage. As the company bids farewell to a key member of its executive team, it remains committed to building on the solid foundation laid during Bonfield’s tenure, aiming to achieve new heights in the future.

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ATFX Announces Strategic Rebranding with Acquisition of Rakuten Securities Australia

In a significant development in the financial industry, ATFX has officially announced the completion of its acquisition and subsequent name change of Rakuten Securities Australia Pty Ltd. Effective immediately, the entity will operate under the new name AT Global Markets (Australia) Pty Ltd, adopting the brand names “ATFX” for its retail client services and “ATFX Connect” for institutional client services across the Asia-Pacific region.

ATFX

The acquisition, completed in mid-2023, marks a pivotal step in ATFX’s strategy to enhance and unify its global brand presence. ATFX, renowned for its innovative technology, comprehensive product offerings, and strict regulatory compliance, is set to continue this legacy under its new Australian brand.

Gerald Segal reported on January 23, 2024, that ATFX has ambitious plans for the near future, including relocating to a larger office in Sydney during the second quarter of the year. This move symbolizes the company’s growth trajectory and its dedication to providing an unparalleled trading experience to its clients.

Furthermore, ATFX is committed to elevating its client service standards. Investments are being made to upgrade the client portal and server infrastructure and to introduce an automatic KYC client onboarding system. These enhancements aim to create a more streamlined, efficient, and user-friendly trading environment for all ATFX clients. Access to a broad array of trading tools, educational resources, and customer support is expected to be significantly improved, reinforcing ATFX’s pledge to deliver an exceptional customer experience.

ATFX’s rebranding and the introduction of new technologies and services underscore its position as a formidable force in the financial sector. With a focus on AI-driven projects and a broad product portfolio, ATFX demonstrates its ongoing commitment to innovation, regulatory compliance, and the provision of superior services to both retail and institutional clients.

This strategic rebranding and the series of planned improvements highlight ATFX’s dedication to not only expanding its market presence but also enhancing the quality of services provided to its clientele, setting a new benchmark for excellence in the global trading industry.

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Oleg Mukhanov Appointed as New CEO of TradingView

In a significant executive shift, London-based TradingView, known for its advanced charting software and solutions, has announced a change in its leadership. Effective immediately, Oleg Mukhanov has been named the new CEO of TradingView, taking the reins from Denis Globa, who co-founded the company in 2011.

TradingView

Mukhanov, who joined TradingView in 2022 as Chief Financial Officer (CFO), brings a wealth of experience from his previous roles. Before his tenure at TradingView, he was deeply involved in the venture capital sector, serving as a Partner and COO/CFO of Enso Ventures. This followed a notable six-year career in investment banking at UBS.

The outgoing CEO, Denis Globa, leaves behind a robust legacy at TradingView, having co-founded the company alongside Konstantin Ivanov (former CTO) and Stan Bokov (former COO, now Chief Strategy Officer). Despite stepping down as CEO, Globa remains a co-controlling shareholder of the company.

In a statement posted on social media, Oleg Mukhanov expressed his enthusiasm and humility in stepping into the CEO role: “I am excited and humbled to take over as the Chief Executive Officer at TradingView. I am looking forward to the challenge of taking this amazing company and all those people who made it such to new heights!”

TradingView, a platform renowned for its charting capabilities, also functions as a social network for traders and investors. With a user base exceeding 50 million worldwide, it plays a crucial role in identifying opportunities across global markets. The company’s solutions are employed by a multitude of FX and CFD industry providers, including FP Markets, Match-Trader, and Pepperstone.

Mukhanov’s appointment as CEO marks a new chapter for TradingView, signaling a continued commitment to innovation and excellence in the financial technology sector. His diverse background and experience in both the venture capital and investment banking arenas position him uniquely to lead TradingView’s expansion and adaptation in the rapidly evolving market landscape.

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INFINOX Appoints Robert Collins as Head of Trading

INFINOX, a prominent CFD trading solutions provider, has recently announced the strategic appointment of Robert Collins as the new Head of Trading. Collins, who will be based in the London office, is set to lead the broker’s global trading team, focusing on delivering superior pricing and efficient trade execution models.

INFINOX

With an extensive background in trading and technology, Robert Collins is recognized for his tenure at IG, where he significantly developed his expertise. His understanding of technology, quantitative, and algorithmic trading aspects is particularly notable.

Collins has also held key trading positions at several firms, including Valutrades, ThinkMarkets, and Intertrader, culminating in his recent role as Head of Trading at Eurotrader.

Jay Mawji, Managing Director at INFINOX, expressed enthusiasm about Collins’ joining: “We are thrilled to welcome Robert to the INFINOX team. His proven track record and deep knowledge in quantitative and algorithmic disciplines are pivotal to leading INFINOX’s strategic initiatives in competitive pricing and execution.”

Beyond his technical proficiency, Robert Collins is renowned for his collaborative leadership and dedication to fostering strong relationships with clients and colleagues. His experience working with FCA and CySEC regulated brokers has equipped him with a comprehensive understanding of the regulatory landscape and global market dynamics.

Commenting on his new role, Robert Collins said, “I am excited to join INFINOX at this crucial stage of its growth. The company’s focus on client-centricity and adherence to top-notch trading experience are impressive. I am eager to contribute to enhancing our trading services, optimizing pricing and execution strategies, and delivering exceptional value to our clients.”

Robert Collins’ appointment is a significant milestone for INFINOX, reinforcing its dedication to offering unparalleled service and expertise in the CFD trading industry. Under his leadership, the broker is poised to reinforce its position as a leading entity in the global CFD trading market.

About INFINOX

Established in 2009, INFINOX is a globally recognized, multi-regulated online trading provider with operations in 15 countries. Known for its integrity and trustworthiness, the broker serves a diverse international client base, facilitating trading in various asset classes including forex, equities, commodities, and crypto CFDs.

The company is committed to providing personalized customer service and offers a wide range of trading platforms, such as MetaTrader 4 and MetaTrader 5, IX Social for copy trading, and the customizable IX One platform, catering to traders of all experience levels.

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Fxview Expands Team with New Africa Regional Manager Christoforos Panagiotou

In a significant move signaling its ongoing expansion, Cyprus-based retail FX and CFDs broker Fxview has appointed Christoforos Panagiotou as its new Africa Regional Manager. This decision marks yet another strategic hire in the company’s recent spree of augmenting its leadership team.

Fxview

Christoforos Panagiotou brings to Fxview a wealth of experience from his previous tenure at Tickmill. Having worked there for seven years, Panagiotou played pivotal roles in senior sales, contributing substantially to Tickmill’s growth and market presence. His expertise is expected to be instrumental in driving Fxview’s expansion efforts across the African continent.

This appointment comes on the heels of another significant hire by Fxview. The company recently brought on board Feras Mahmoud, formerly Orbex’s Head of Trading, to lead its Risk Management division. These strategic additions to the team underline broker’s commitment to strengthening its global operations and expertise.

Owned by the India-based Finvasia Group, Fxview is part of a larger network of financial services and technology firms. The group, under the leadership of brothers Sarvjeet Singh Virk and Tajinder Virk, also owns the retail FX brand AAAFx, the social trading platform provider ZuluTrade, and ActTrader, a provider of multi-asset trading platforms.

Fxview’s aggressive talent acquisition strategy, coupled with its diversified business portfolio, positions it as a rising force in the global financial trading industry. The appointment of Christoforos Panagiotou as Africa Regional Manager is a clear indicator of the firm’s commitment to expanding its footprint in emerging markets, with a particular focus on Africa’s burgeoning financial sector.

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eToro Appoints Massimo Citoni as Regional Manager for Italy

In a strategic move aimed at further strengthening its presence in Italy, eToro, the renowned Retail FX and CFDs broker, has announced the appointment of Massimo Citoni as the Regional Manager for Italy.

eToro

Massimo Citoni, a seasoned professional within the company, will assume a pivotal role in leading eToro’s operations in Italy. His primary objectives will encompass driving market growth, ensuring operational excellence, and cultivating strategic partnerships with local entities. Furthermore, Massimo will oversee all marketing initiatives within the region and spearhead customer retention efforts, with a focus on enhancing the experience for Italian clients and members of the eToro Club.

Effective December, Massimo Citoni will also join the board of the prestigious Italian fintech industry association, AssoFintech.

Massimo Citoni’s journey with the broker began in 2015 when he joined as an Account Manager. Over the years, he has demonstrated an impressive ability to manage high net worth client relationships in Italy, showcasing a profound understanding of client needs and the intricacies of the Italian market.

His unwavering dedication and expertise paved the way for his ascent within the organization, ultimately leading to his promotion to Head of the Italian Desk in 2023. Massimo Citoni is also a certified financial advisor, holding accreditation from both CySEC and ASIC.

Commenting on this significant appointment, Etay Cohen, Chief Customer Officer at eToro, expressed his enthusiasm: “We are thrilled to promote Massimo Citoni to the role of Regional Manager for Italy. His exceptional track record and deep understanding of the Italian customer make him the perfect fit for this position. Massimo’s dedication and insight have been invaluable to eToro, and we are confident that under his leadership, eToro will achieve new heights in the Italian market.”

Massimo Citoni, now Regional Manager Italy at eToro, added: “Taking on this new role at the company is a privilege. We are committed to continuing to grow our presence in Italy and to being an active industry participant. I am excited to join the Board of AssoFintech and to deepen our partnership with the Fintech District to help advance the fintech ecosystem in Italy.”

With Massimo Citoni at the helm, eToro looks poised to further expand its footprint in the Italian financial landscape, solidifying its commitment to providing top-notch services and expertise to its clientele in the region.

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ThinkMarkets Enhances ThinkTrader Web Platform with TradingView Integration

ThinkMarkets, a Melbourne-based brokerage firm, has unveiled a significant upgrade to its ThinkTrader web platform by seamlessly integrating the widely acclaimed charting software, TradingView. This enhancement aims to empower traders with advanced tools and a more comprehensive market perspective.

The integration of TradingView into ThinkTrader web introduces a slew of cutting-edge features that promise to enhance the trading experience for users. Among the standout features is the ability to monitor multiple charts concurrently, with support for up to eight charts, providing traders with a more holistic view of the financial markets.

One-click synchronization is another valuable addition to the platform, enabling traders to swiftly apply adjustments made to one chart across other charts, simplifying the customization process and saving precious time.

Furthermore, ThinkTrader web now boasts advanced technical tools designed to equip traders with the resources needed for in-depth market analysis and decision-making. These tools facilitate the observation of market movements across various time intervals, granting traders unique perspectives and deeper insights into evolving market trends.

The platform’s integration with TradingView also introduces a specific date navigation feature. This enables traders to efficiently access historical market data for a specific date, facilitating the analysis of past market behaviors and patterns for informed decision-making.

In response to user feedback, ThinkMarkets has included undo/redo buttons in the upgraded platform, making it easier for traders to modify chart settings. Additionally, users can now customize shortcuts to their preferred intervals, enhancing their ability to swiftly access critical information.

This integration with TradingView is part of ThinkMarkets’ ongoing commitment to evolving its platform and providing users with enhanced tools and functionalities. Earlier this year, the broker introduced ThinkCopy, a copy trading platform aimed at offering clients access to experienced traders and a range of social features. This innovative tool enables investors to search and compare the performance of numerous proven traders and automatically mirror their trades.

ThinkMarkets made headlines recently when it decided to abandon its previously announced merger plan with Canada-listed blank check company, FG Acquisition Corp. The merger, which would have valued ThinkMarkets at $160 million on a pre-money basis, was called off despite the brokerage’s impressive $62 million revenue generated in 2022.

ThinkMarkets, a multi-licensed online forex brokerage firm, is authorized and regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). The firm has expanded its global presence through its licensed South African subsidiary and further extended its reach by acquiring the Japanese FX firm, Japan Affiliate, allowing it to offer its services in the Asian market.

With these recent enhancements, ThinkMarkets reaffirms its commitment to providing traders with the tools and resources necessary to navigate the financial markets effectively. The integration of TradingView into ThinkTrader web positions the platform as a more powerful and versatile tool for both novice and experienced traders alike.

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IG Group Announces Breon Corcoran as New CEO

In a significant development, IG Group Holdings, a leader in electronic trading, has officially announced the appointment of Breon Corcoran as its new Chief Executive Officer. The appointment, set to take effect on 29 January 2024, marks the culmination of an extensive global search by the company’s Board.

IG Group Announces Breon Corcoran as New CEO

Breon Corcoran’s arrival as CEO is eagerly anticipated, following his impressive track record in leading multinational fintech companies. He will also join the Board of IG Group, pending regulatory approval. Until his joining, Charlie Rozes will continue to serve as the Interim CEO and Group CFO. Post Corcoran’s induction, Rozes will resume his role solely as Group CFO and a member of the Board.

With a career that started as a derivatives trader at Bankers Trust and JP Morgan, Corcoran brings a wealth of experience to the table. His most recent role was as CEO of WorldRemit until 2022, and before that, he led Paddy Power Betfair, a FTSE 100 company, until 2018. His expertise in guiding companies through phases of growth and his deep understanding of the fintech landscape make him an ideal fit for IG Group’s ambitious growth plans.

Mike McTighe, Chair of IG Group, expressed his satisfaction with the appointment, stating, “Breon is a proven leader with the ability to deliver results for all stakeholders. The Board is confident that he is the right person to lead IG and deliver the next phase of growth. I look forward to working with him.”

Echoing this enthusiasm, Breon Corcoran commented on his new role, “I am delighted to be joining IG Group, a business I’ve long admired. I look forward to working with the Board and executives to build on its current successes.”

Corcoran’s current role as the non-executive Chair of Auction Technology Group plc adds to his diverse experience. His leadership at IG Group is expected to steer the company through its next phase of growth and innovation, further solidifying its position in the competitive landscape of electronic trading.

With this strategic leadership change, IG Group appears poised for an exciting future, leveraging Corcoran’s vast experience and dynamic approach to navigate the evolving fintech sector.