Tag: executive moves

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Admirals Appoints Daniel Skowronski as Chief Revenue Officer

Admirals, an Estonia-based Forex and CFD Trading Provider, has announced the appointment of Daniel Skowronski, who previously led the sales department for the digital asset division of SquarredFinancial for the past year and a half.

Admirals Appoints Daniel Skowronski

Daniel Skowronski is an industry veteran with over 25 years of experience in the Finance and AI industries. Prior to his appointment in Admirals, Skowronksi held the position of Executive director at SquarredFinancial and was responsible for sales development within the company.

He also served as CEO of EMEA Managing Director of the Americas at OANDA, as well as CEO of Alpari’s UK branch. Skowronski was also the co-founder of DX. Exchange, a regulated cryptocurrency exchange firm.

Alexander Tsikhilov, the co-founder and the Chairman of the Supervisory Board of Admirals, has expressed its enthusiams about Skowronski’s appointment: “Daniel’s leadership abilities and proven track record of driving revenue growth, deems him an invaluable asset to our organisation. We have full confidence in Daniel’s ability to make a significant impact, further solidifying our position as a global industry leader. We are currently collaborating with him to drive innovation, expand our business, and deliver exceptional value to our clients.”

Established in 2001, Admirals is a multi-asset brokerage firm providing trading services across the world. The company provides access to multiple platforms including iindustry-leading MT4, MT5 by MetaQuotes Software. Admirals trading offering opportunities include instruments such as Forex, stocks, indices, commodities, and cryptocurrencies. (Read our detailed review of Admirals)

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Darren Dale Joins Trading 212 as Group Chief Compliance Officer

Multi-licensed retail broker, Trading 212, has made a significant addition to its executive team with the appointment of Darren Dale as the Group Chief Compliance Officer. This move comes as the firm seeks to expand its regulatory approval to Germany, adding to its existing licenses in the United Kingdom, Bulgaria, and Cyprus.

Darren Dale Joins Trading 212 as New Group Chief Compliance Officer

Dale is a veteran in the compliance sector, bringing approximately 17 years of industry experience to his new role at Trading 212. Prior to this appointment, he served as the Head of Compliance & MLRO at ADSS’s London office for four years.

His extensive work history in the financial services sector includes notable roles such as the Deputy Head of Compliance for the UK and EU at FXCM for five months, and several years at Cornhill Capital as the Head of Group Compliance. Dale also held the position of Head of Compliance at London-based City Credit Capital for seven months, according to his LinkedIn profile.

  • The onboarding of Dale is part of Trading 212’s management restructuring that has taken place over the past 18 months. In May 2021, the broker appointed Mukid Chowdhury as the Chief Executive Officer, followed by the hiring of George Mantilas as the Chief Operating Officer and Philip Parsons as the Chief Financial Officer.
  • Trading 212 has seen a dramatic increase in performance, driven in part by the pandemic’s impact on the retail trading market. In 2020, the group reported revenue of £124.1 million, marking a 318 percent year-over-year increase. Furthermore, the firm’s UK business saw a 74 percent boost in revenue in 2021, surpassing £94 million.

Operating as both a CFDs and a stockbroking platform, Trading 212 has steadily been shifting its focus towards stockbroking. It received a £13.75 million cash injection last year to accelerate its growth.

Following Brexit, Trading 212 transferred European clients to its Cyprus-based entity. Additionally, it pioneered zero-commission services in the UK in mid-2017, setting a trend that has now been widely adopted across the trading industry.

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Equiti Capital UK Appoints Steve Reeves as New Chair

Equiti Capital UK appoints Steve Reeves as New Chair of the Board. Reeves brings more than 3 decades of a experience in the financial sector to the company.

Equiti Capital UK Appoints Steve Reeves as New Chair
Steve Reeves appointed as New Chair of Equiti Capital UK

The British subsidiary of Equiti Group Equiti Capital UK has recently announced the appointment of Steve Reeves as the new Chair of the Board. Reeves initially joined Equiti Capital in July 2022 as a non-executive director.

Reeves has over 30 years of experience in management roles held in multiple financial services companies. He has an immense background in trading and broking covering forex, commodities, equities, CFDs, derivatives, financial spread betting, and the EMI and payment services sectors, aligning with the offerings of Equiti.

Previously, he has hed several senior roles as the Group Finance Director for IFX Group, City Index, and ODL Group, and the Managing Director for AxiCorp UK.

“I am very much looking forward to working with the board of directors to deliver the company’s ambitious growth strategy within a robust governance structure,” said Reeves.

The appointment of Steve Reeves at UK Board took place a week after the appointment of Liam Conway as New CEO. The new CEO has more than 20 years of experience in the finance, previously holding the position of the CFO of Equiti.

For further information visit Equti Capital official website: www.equiticapital.co.uk

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Darwinex Introduces D-Zero a Virtual Account with Zero Risk

Darwinex, a pioneering online brokerage firm, has launched D-Zero, a monthly subscription service that enables traders to build their track record and raise investor capital from a virtual trading account, with zero risk.

Darwinex
Darwinex

D-Zero provides users with a virtual trading account that can be used to attract investment to their trading strategy. If a profit is generated on the investments, the user will receive 15% of that profit as a reward for their skills.

Signing up for D-Zero is a straightforward and quick process, made easier by the virtual account setup. Interested individuals can sign up by clicking on any of the numerous ‘Get Started’ or ‘Sign up’ buttons on the Darwinex Zero website, which will bring them to the beginning of the registration process.

  • The registration process involves providing personal details and choosing the type of virtual trading account, either Forex & CFDs on MT5 or Forex & CFDs on MT4. After choosing the account and checking the Terms & Conditions, the user needs to fill out the complete form, make the payment, verify their D-Zero account, and set their passwords. The user will then receive login and password details for their MetaTrader MT4 or MT5 account.
  • The D-Zero journey begins with Stage 0, the ‘Training Stage’. During this phase, users need to trade in their virtual accounts in the same way they would normally trade. Darwinex asks users to accrue a number of trading decisions over a minimum of 10 trading days, allowing the risk engine to analyze their trading style and perform an initial assessment of how they manage risk so that it can calibrate accordingly.
  • The trades placed in the signal account produce trading signals that are then analyzed by the Darwinex risk engine. The engine generates the user’s DARWIN Index, which is based on their trades but with an adjusted level of risk, making it comparable with all other DARWINs on the platform.
  • Once both the DARWIN and risk management criteria reach 100%, the training stage is complete, and the user’s DARWIN Index can be created. The DARWIN Ticker, unique to each user, is then allocated, and the user can see their progress towards their DARWIN being created on the platform.

Following this, the user can give Darwinex permission to read and copy their trades, which will underpin their DARWIN Index. The user will participate in Darwinex’s monthly Seed Capital Allocation Programme, DarwinIA, where traders participate to get capital allocations. These allocations are considered as Darwinex investing in the user and their trading talent.

The sign-up fee for D-Zero is €95, which is higher than the subsequent ongoing monthly subscription costs of €38. The sign-up fee includes the Darwinex Zero account, the user’s trading platform of choice throughout the whole duration of the training stage, and the first month’s participation in DarwinIA SILVER.

For more information visit Darwinex’s official website www.darwinex.com

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IG Group Appoints NatWest Group Adam Wheelwright CTO

Wheelwright boasts prior experience with UKHSA, Nomura, Dresdner Kleinwort, and UBS. The executive’s hiring follows IG Group’s agreement to purchase Small Exchange.

IG Group Appoints Group Adam Wheelwright CTO
IG Group Appoints Group Adam Wheelwright CTO

London-based spread betting and CFD trading provider, IG Group, has enlisted Adam Wheelwright, formerly a Managing Director at NatWest Group, as its Chief Technology Officer. The company aims to accelerate its innovation initiatives with Wheelwright’s appointment.

In a Tuesday statement, IG Group mentioned that Wheelwright will assume his new role on April 17, 2023, and will be stationed at the firm’s London office. The seasoned executive brings nearly 30 years of financial industry experience to the position.

Wheelwright’s appointment comes on the heels of IG Group’s announcement that it will acquire Small Exchange in order to broaden its US offerings and utilize the Chicago-based futures exchange’s trading technology.

Prior to joining IG Group, Wheelwright held the position of Chief Information Officer for the National Health Service (NHS) Test and Trace team, a government-funded service that eventually became part of the UK Health Security Agency (UKHSA). During his tenure, he played a pivotal role in “the design, delivery, and evolution of all technological solutions supporting the nation’s pandemic response,” according to IG Group.

For more information about the broker visit their official webpage – iggroup.com

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InterTrader Appoints Joe Rundle, Former Capital.com Executive, as New CEO

Joe Rundle brings over 20 years of experience in the financial industry, having held key roles at notable forex and CFDs brands like ThinkMarkets, OvalX, and Markets.com. His expertise spans trading, partnerships, and growth strategies, making him a valuable asset in the financial sector.

Intertrader Appoints Joe Rundle, Former Capital.com Executive, as New CEO
InterTrader Appoints Joe Rundle as New CEO

InterTrader, a provider of spread betting and CFDs services, has appointed Joe Rundle, former Chief of Staff at Capital.com, as their new Chief Executive Officer. Rundle is set to assume the position in early April and brings over two decades of industry experience.

Rundle joined Capital.com over a year ago, taking on a Cyprus-based role that led the brokerage firm’s growth and diversification strategy. He has also been running a proprietary trading business, TradeOurCapital, since last year. Before joining Capital.com, Rundle held positions at prominent forex and CFDs brands like ThinkMarkets, OvalX, and Markets.com.

In his new role at InterTrader, Rundle aims to expand the company’s offerings beyond CFDs and spread betting to cater to a broader range of client’s financial needs. He plans to prioritize customer-centric multi-asset and multi-product solutions with a strong focus on regulation and responsibility.

Rundle’s extensive background includes stints as Director of Trading and Partnerships at both ThinkMarkets and OvalX, as well as heading CFDs and execution at OvalX for six years. His career began in 2001 as a trader at Saxon Financial, a proprietary trading firm.

To learn more about the broker, visit their official website- www.intertrader.com

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Equiti Group Appoints Ahmad Qutaishat as Vice President of Sales

With over a decade of experience in sales and account management, Ahmad Qutaishat brings a wealth of expertise to his new role as Vice President of Sales at Equiti Group. He began his journey with the company in October 2018 as a Client Support Officer and has since worked his way up the ranks.

Equiti Group Appoints Ahmad Qutaishat as Vice President of Sales
Equiti Group Appoints Ahmad Qutaishat as Vice President of Sales

Equiti Group, a leading provider of online trading technology and financial products, has announced the appointment of Ahmad Qutaishat as its new Vice President of Sales. Qutaishat, who previously served as a Senior Manager at the brokerage firm, brings a wealth of experience to his new role, having spent more than a decade in sales and account management.

  • Joining Equiti Group as a Client Support Officer in Jordan back in 2018, Ahmad Qutaishat rapidly ascended the ranks to become a Senior Account Manager by 2020. In 2022, he joined the Equiti Group team in Dubai, where he worked as a Senior Account Manager for seven months before being promoted to Vice President of Sales.
  • Prior to his tenure at Equiti Group, Qutaishat also worked in non-financial industries, including as a Marketing Director and Corporate Account Manager. He started his career as a Sales Representative at C-Products, a wellness brand, in 2014.

Equiti Group has been making a series of strategic hires in recent months. In September 2022, the company announced the appointment of Christoffer Nielsen as its new Chief Technology Officer. Nielsen, who previously served as Chief Information Officer at Euronext Securities, is tasked with leading the company’s global technology strategy and fostering a strong engineering culture across the organization.

Equiti Group has been expanding its operations and services over the past few years, with a focus on providing cutting-edge technology solutions to traders and investors around the world. With the appointment of Qutaishat as its new Vice President of Sales, the company is well-positioned to continue its growth trajectory and deliver innovative solutions to its clients.

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Former CySEC Chair Demetra Kalogerou Joins Board of ECOMMBX

Former Chairwoman of the Cyprus Securities and Exchange Commission (CySEC), Demetra Kalogerou, has been appointed to the board of directors of ECOMMBX, an e-money firm.

Former CySEC Chair Demetra Kalogerou Joins Board of ECOMMBX

Kalogerou served as the Chairwoman of CySEC for nearly a decade before stepping down in September 2021. During her tenure, she oversaw the regulation of Cyprus’ financial markets and supervised the implementation of various measures to combat money laundering and terrorism financing.

Now, Kalogerou is set to bring her wealth of experience to ECOMMBX, an e-money firm that operates globally and provides digital payment solutions to businesses and individuals.

In a statement, ECOMMBX’s CEO, Mark Reilly, said, “We are thrilled to welcome Demetra Kalogerou to our board. Her extensive knowledge and expertise in financial regulation and compliance will be a tremendous asset to our company as we continue to expand our global footprint and deliver innovative digital payment solutions to our clients.”

Kalogerou also expressed her excitement at joining the ECOMMBX board, stating, “I am delighted to join the board of ECOMMBX and look forward to working with the team to enhance the company’s growth and success. ECOMMBX is well-positioned to capitalize on the increasing demand for e-money solutions, and I am thrilled to be a part of this dynamic organization.”

The appointment of Kalogerou comes as ECOMMBX continues to grow and expand its reach in the global market. The company recently announced plans to open a new office in the United States to support its North American operations, further solidifying its position as a leading provider of e-money solutions.

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IG Welcomes Martin Price as New Head of Investor Relations

Online trading platform IG welcomes Martin Price as its new Global Head of Strategic Finance and Investor Relations, effective March 14th. Price’s extensive experience in equity research and financial services is expected to bring valuable expertise to the company as it continues to grow and diversify its business.

IG Welcomes Martin Price as Investor Relations Head
IG Appoints Martin Price as Investor Relations Head

Price most recently served as Senior Vice President of Jefferies’ Equity Research team, where he co-led the European Diversified Financials sector coverage. He also held equity research roles at Societe Generale, Credit Suisse, and Bank of America Merrill Lynch. In his new role at IG, Price will be based at the company’s London headquarters, where he will work closely with the executive team to engage with investors and support the company’s shareholders.

IG’s Chief Financial Officer, Charlie Rozes, said, “Martin brings excellent knowledge of both the diversified financials sector and working with institutional investors through his decades of experience as a financial analyst. We look forward to him working closely with our current and prospective investor base and communicating progress on our strategy.”

Price added, “IG’s track record of successful innovation to grow and diversify makes its equity story a particularly compelling proposition. I look forward to working with my new colleagues to engage the investor base and support its shareholders.”

IG has seen a number of changes in its executives and department heads over the past few months, including the appointment of Michael Logue as Head of Product and Marketing for Europe and the promotion of Manuel Barbero to Global Head of Acquisition & Media. The company’s revenue for the first half of the financial year 2023 increased by 10% to £519.1 million, and it extended its share buyback program with an additional £50 million allocation.

Martin Price’s appointment as IG’s Global Head of Strategic Finance and Investor Relations comes at an exciting time for the company as it continues to grow and diversify its business. With his extensive experience in equity research and financial services, Price is well-positioned to engage with investors and support the company’s shareholders. As IG looks to the future, Price’s role will be crucial in communicating progress on the company’s strategy and driving further growth and innovation.

For more information, visit IG official website following this link.

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Peter Spanos Joins Go Markets as Head of Risks, Leaving Pepperstone

Peter Spanos, the Head of Market Risk at Pepperstone, has announced his departure from the company to join GO Markets, a rival Australian brokerage firm.

Peter Spanos Joins Go Markets
Go Markets Appoints Peter Spanos as Head of Risks

After serving as the Head of Market Risk for five years at the Melbourne-based rival broker, Pepperstone, it was announced that Peter Spanos joins GO Markets.

Spanos brings around 16 years of experience in the Forex and CFD industry, he began his career in 2007 at IG Group as a Senior Quoting Dealer/Market Maker and worked his way up to CMC Markets, where he served as a Volatility Risk Manager in 2015, before joining Pepperstone in 2018. His extensive background in the industry will be a valuable asset to GO Markets as they continue to grow their business.

GO Markets, a leading Australian forex and CFD broker, provides online trading services to both retail and institutional clients. GO Markets has its headquarters in Melbourne, Australia, and was established in 2006. GO Markets offers a range of financial instruments, including forex, indices, commodities, and cryptocurrencies, and is regulated by the Australian Securities and Investments Commission (ASIC).

With over a decade of experience in the industry, GO Markets has established a reputation for providing innovative trading solutions, competitive pricing, and excellent customer support.

“It’s exciting to work at a company with a supportive culture. GO Markets has big plans for the future, with some notable key hires recently. I look forward to helping the company on that journey. It’s a great place to be, surrounded by lots of very talented people.” said Spanos of his new position.

With his extensive background in managing market risk and ensuring compliance, Spanos’s addition to the GO Markets team is expected to help the company further strengthen its position in the market. Meanwhile, his departure from Pepperstone reflects the dynamic nature of the industry, where experienced professionals seek new opportunities to grow and develop their careers.