Entering February, we see a large increase in new executive roles being allocated this week in the forex, crypto and fintech industries, despite the redundancies in the market. Let’s review the executives that have taken on new roles and challenges in our executive moves roundup of the week.
Executive Moves of the Week
Trade.com Hires Michalis Tsaousellis as Chief Dealer
Trade Capital Markets (TCM) Limited has hired Michalis Tsaousellis as the Chief Dealer. Based in Cyprus, he is in charge of managing the company’s trading team, developing and introducing new products, and optimizing the product development process. Further, he will oversee and analyze traded market risk activities.
According to his Linkedin profile, he joined the Trade.com operator from an unnamed forex broker, where he worked for a year as the Chief Dealer. Prior to that, he was a Senior Dealer at the Cyprus offices of FXPRIMUS for about five years.
Learn more about Michael Tsaousellis bring onboarded by Trade.com as the Chief Dealer.
Two Directors Resign from Trading 212’s Boards
Trading 212 experienced some
changes to the Board as two directors stepped down recently. The Directors are
Rajvinder Kaur Somal and Borislav Tzonkov Nedialkov.
According to the company’s UK Companies
House filings, the directors’ appointments terminated last Thursday
(January 26th). Trading 212 told Finance Magnates on
Friday that while Somal resigned due to a new career opportunity, Nedialkov
only resigned from the Board of Trading 212 UK, the company’s subsidiary in the
United Kingdom, in order to “better focus on Group-wide activities.”
Discover more about the two directors that resigned from Trading 212.
Titan FX MD Martin St-Hilaire Becomes a VFSC Member
The Vanuatu Financial Services Commission (VFSC) has appointed Martin St-Hilaire as a member. According to Vanuatu’s Official Gazette of 2023, his appointment was made as he is “a person of with previous knowledge and experience of financial businesses.”
Indeed, St-Hilaire brings more than two decades of experience to his role as the regulator. He will continue to be the Managing Director of Titan FX, which is a position he took over in October 2018. Additionally, he is an audit specialist and has worked with two big four audit firms, Delloite and KPMG.
Read more about Martin St-Hilaire, the MD from Titan FX, becoming a VFSC member.
HF Markets’ Andreas Andreou Joins BDSwiss in Cyprus as CCO
Andreas Andreou has been hired by BDSwiss as its new Chief Commercial Officer in Cyprus.
Andreou brings over two decades of experience to the new position and announced his new role on Wednesday on LinkedIn. The executive left HF Markets last month after a year and three
months in a role based in Dubai. However, he has been in HF Markets, which rebranded from HotForex in May last year, for much longer.
Andreou joined HF Markets in October 2014 as the Global Office Liaison
Executive in Cyprus and became the Head of Business Development in about six
years. He retained the executive post for over a year and a half before joining the
broker’s Dubai office in the same capacity.
Find out more about Andreas Andreou being onboarded by BDSwiss as the new CCO in Cyprus.
Israel’s Fluent Trade Technologies Hires Søren Dalby as FX Product Head
Fluent Trade Technologies has onboarded Søren Stougaard Dalby as the new Head of FX Product. According to his Linkedin profile, he is located in Denmark and will work remotely for the Israeli company.
Fluent Trade Technologies was established in 2011. It offers turn-key solutions for automated trading systems and brokers. The company is certified with over 100 FX trading venues representing over 95% of FX liquidity.
Learn more about Søren Dalby being recruited as Fluent Trade Technologies’ FX Product Head.
Mohamad Ibrahim Joins Dubai Offices of XS.com as Group CEO
Mohamad Ibrahim has joined XS.com as the Group’s Chief Executive Officer. He is based out of Dubai but will share his time in the global offices of the online broker.
XS.com provides counterparty trading services to retail traders and has liquidity, technology, and other white-label offerings for institutions. The company was originally established in Australia in 2010 but is now headquartered in Cyprus. It offers brokerage services with licenses in Australia, Cyprus, and Seychelles.
Discover more about Mohamid Ibrahim joining XS.com as Group CEO.
iS Prime Co-Founders Sitlani and Brewer Depart Business after 8 Years
Raj Sitlani and Jonathan Brewer have
decided to say goodbye to their business after eight years.
The decision comes two weeks after ISAM Capital Markets rebranded to iSAM Securities to position itself as a high-level institutional brand. The Co-Founders
started iSPrime in 2014 in partnership with iSAM, a systematic hedge fund
manager.
Read more about Raj Sitlani and Jonathan Brewer leaving iS Prime after 8 years.
Rob Harding to Leave De La Rue for PayPoint as CFO
PayPoint (LON: PAY) announced on Tuesday its appointment of Rob Harding as the new Chief Financial Officer and Executive Director. He will join the company “later this summer,” and replaces Alan Dale, who will retire later this year.
Dale will step down from PayPoint’s Board after the publication of the company’s results but will continue to be an employee of the firm until the end of December to ensure a thorough transition and handover. The transition will happen when PayPoint focuses on the UK market. Further, it decided to acquire the entirety of Appreciate Group, a gifting and engagement company, in an £83 million deal.
Find out more about Rob Harding being onboarded by PayPoint as the CFO.
Eightcap Replaces Joel Murphy with Alex Howard as CEO
Eightcap has recruited Alex Howard as the new CEO. He replaces Joel Murphy, who has now taken on the responsibilities of Non-Executive Chairman at the broker.
Headquartered in Melbourne, Australia, Eightcap offers retail counterparty trading with forex and instruments of other asset classes. Additionally, the platform expanded its offerings and added more than 250 cryptocurrency CFDs. It operates globally with regulatory licenses in four jurisdictions: Australia, the United Kingdom, The Bahamas and Cyprus.
Learn more about Alex Howard replacing Joel Murphy as the new CEO at Eightcap.
FX Veteran Fred Scala Joins Direct Trading Technologies as B2B Sales MD
Fred Scala has joined the brokerage Direct Trading Technologies as its Managing Director. He is in charge of business-to-business (B2B) sales.
Direct Trading Technologies offers online brokerage services, including trading with currencies, contracts for differences (CFDs), and commodities trading. In addition, it operates globally with licenses from the United Kingdom, Lithuania, the United Arab Emirates, Panama, and Vanuatu.
In addition, Scala will be in charge of the sales of FX and crypto white-label solutions, institutional liquidity streams and a CRM solution.
Discover more about Fred Scala joining Direct Trading Technologies as the new Managing Director of B2B Sales.
Ripple Promotes Monica Long as President
Ripple has promoted a long-time serving employee Monica Long to be its new President. She has worked for the blockchain-based payments company for the last ten years. The promotion came when the blockchain company expanded in liquidity, settlement, and custody areas.
Read more about Ripple promoting Monica Long to President.
Anthony Darvall Leaves easyMarkets after 15 Years, Launches Startup
Anthony Darvall has departed the forex trading company, easyMarkets, after almost 15 years of service to
launch a web 3.0 fintech startup firm called Traderflow.
Darvall announced his new role as the Founder of Traderflow on
Friday on LinkedIn. The development comes a few weeks after Ohad Golan quit his role as the Chief
Marketing Officer of easyMarkets four years after joining the broker’s Limassol office.
Find out more about Anthony Darvall exiting easyMarkets and launches a startup.
Entering February, we see a large increase in new executive roles being allocated this week in the forex, crypto and fintech industries, despite the redundancies in the market. Let’s review the executives that have taken on new roles and challenges in our executive moves roundup of the week.
Executive Moves of the Week
Trade.com Hires Michalis Tsaousellis as Chief Dealer
Trade Capital Markets (TCM) Limited has hired Michalis Tsaousellis as the Chief Dealer. Based in Cyprus, he is in charge of managing the company’s trading team, developing and introducing new products, and optimizing the product development process. Further, he will oversee and analyze traded market risk activities.
According to his Linkedin profile, he joined the Trade.com operator from an unnamed forex broker, where he worked for a year as the Chief Dealer. Prior to that, he was a Senior Dealer at the Cyprus offices of FXPRIMUS for about five years.
Learn more about Michael Tsaousellis bring onboarded by Trade.com as the Chief Dealer.
Two Directors Resign from Trading 212’s Boards
Trading 212 experienced some
changes to the Board as two directors stepped down recently. The Directors are
Rajvinder Kaur Somal and Borislav Tzonkov Nedialkov.
According to the company’s UK Companies
House filings, the directors’ appointments terminated last Thursday
(January 26th). Trading 212 told Finance Magnates on
Friday that while Somal resigned due to a new career opportunity, Nedialkov
only resigned from the Board of Trading 212 UK, the company’s subsidiary in the
United Kingdom, in order to “better focus on Group-wide activities.”
Discover more about the two directors that resigned from Trading 212.
Titan FX MD Martin St-Hilaire Becomes a VFSC Member
The Vanuatu Financial Services Commission (VFSC) has appointed Martin St-Hilaire as a member. According to Vanuatu’s Official Gazette of 2023, his appointment was made as he is “a person of with previous knowledge and experience of financial businesses.”
Indeed, St-Hilaire brings more than two decades of experience to his role as the regulator. He will continue to be the Managing Director of Titan FX, which is a position he took over in October 2018. Additionally, he is an audit specialist and has worked with two big four audit firms, Delloite and KPMG.
Read more about Martin St-Hilaire, the MD from Titan FX, becoming a VFSC member.
HF Markets’ Andreas Andreou Joins BDSwiss in Cyprus as CCO
Andreas Andreou has been hired by BDSwiss as its new Chief Commercial Officer in Cyprus.
Andreou brings over two decades of experience to the new position and announced his new role on Wednesday on LinkedIn. The executive left HF Markets last month after a year and three
months in a role based in Dubai. However, he has been in HF Markets, which rebranded from HotForex in May last year, for much longer.
Andreou joined HF Markets in October 2014 as the Global Office Liaison
Executive in Cyprus and became the Head of Business Development in about six
years. He retained the executive post for over a year and a half before joining the
broker’s Dubai office in the same capacity.
Find out more about Andreas Andreou being onboarded by BDSwiss as the new CCO in Cyprus.
Israel’s Fluent Trade Technologies Hires Søren Dalby as FX Product Head
Fluent Trade Technologies has onboarded Søren Stougaard Dalby as the new Head of FX Product. According to his Linkedin profile, he is located in Denmark and will work remotely for the Israeli company.
Fluent Trade Technologies was established in 2011. It offers turn-key solutions for automated trading systems and brokers. The company is certified with over 100 FX trading venues representing over 95% of FX liquidity.
Learn more about Søren Dalby being recruited as Fluent Trade Technologies’ FX Product Head.
Mohamad Ibrahim Joins Dubai Offices of XS.com as Group CEO
Mohamad Ibrahim has joined XS.com as the Group’s Chief Executive Officer. He is based out of Dubai but will share his time in the global offices of the online broker.
XS.com provides counterparty trading services to retail traders and has liquidity, technology, and other white-label offerings for institutions. The company was originally established in Australia in 2010 but is now headquartered in Cyprus. It offers brokerage services with licenses in Australia, Cyprus, and Seychelles.
Discover more about Mohamid Ibrahim joining XS.com as Group CEO.
iS Prime Co-Founders Sitlani and Brewer Depart Business after 8 Years
Raj Sitlani and Jonathan Brewer have
decided to say goodbye to their business after eight years.
The decision comes two weeks after ISAM Capital Markets rebranded to iSAM Securities to position itself as a high-level institutional brand. The Co-Founders
started iSPrime in 2014 in partnership with iSAM, a systematic hedge fund
manager.
Read more about Raj Sitlani and Jonathan Brewer leaving iS Prime after 8 years.
Rob Harding to Leave De La Rue for PayPoint as CFO
PayPoint (LON: PAY) announced on Tuesday its appointment of Rob Harding as the new Chief Financial Officer and Executive Director. He will join the company “later this summer,” and replaces Alan Dale, who will retire later this year.
Dale will step down from PayPoint’s Board after the publication of the company’s results but will continue to be an employee of the firm until the end of December to ensure a thorough transition and handover. The transition will happen when PayPoint focuses on the UK market. Further, it decided to acquire the entirety of Appreciate Group, a gifting and engagement company, in an £83 million deal.
Find out more about Rob Harding being onboarded by PayPoint as the CFO.
Eightcap Replaces Joel Murphy with Alex Howard as CEO
Eightcap has recruited Alex Howard as the new CEO. He replaces Joel Murphy, who has now taken on the responsibilities of Non-Executive Chairman at the broker.
Headquartered in Melbourne, Australia, Eightcap offers retail counterparty trading with forex and instruments of other asset classes. Additionally, the platform expanded its offerings and added more than 250 cryptocurrency CFDs. It operates globally with regulatory licenses in four jurisdictions: Australia, the United Kingdom, The Bahamas and Cyprus.
Learn more about Alex Howard replacing Joel Murphy as the new CEO at Eightcap.
FX Veteran Fred Scala Joins Direct Trading Technologies as B2B Sales MD
Fred Scala has joined the brokerage Direct Trading Technologies as its Managing Director. He is in charge of business-to-business (B2B) sales.
Direct Trading Technologies offers online brokerage services, including trading with currencies, contracts for differences (CFDs), and commodities trading. In addition, it operates globally with licenses from the United Kingdom, Lithuania, the United Arab Emirates, Panama, and Vanuatu.
In addition, Scala will be in charge of the sales of FX and crypto white-label solutions, institutional liquidity streams and a CRM solution.
Discover more about Fred Scala joining Direct Trading Technologies as the new Managing Director of B2B Sales.
Ripple Promotes Monica Long as President
Ripple has promoted a long-time serving employee Monica Long to be its new President. She has worked for the blockchain-based payments company for the last ten years. The promotion came when the blockchain company expanded in liquidity, settlement, and custody areas.
Read more about Ripple promoting Monica Long to President.
Anthony Darvall Leaves easyMarkets after 15 Years, Launches Startup
Anthony Darvall has departed the forex trading company, easyMarkets, after almost 15 years of service to
launch a web 3.0 fintech startup firm called Traderflow.
Darvall announced his new role as the Founder of Traderflow on
Friday on LinkedIn. The development comes a few weeks after Ohad Golan quit his role as the Chief
Marketing Officer of easyMarkets four years after joining the broker’s Limassol office.
Find out more about Anthony Darvall exiting easyMarkets and launches a startup.
Read More
This week saw a flurry of executive moves in the trading industry, with some of the biggest names in the business making strategic changes. Here’s a look at some of the top appointments and reorganizations taking place:
Trade.com: Trade.com has announced its new CEO, Alexander Shamir. Mr. Shamir brings a wealth of experience to the role and is known for his leadership in the industry. He has been in the trading sector for more than 20 years and has held senior positions at some of the largest brokerages and financial institutions in the world. He will be responsible for strengthening Trade.com’s competitive edge and leveraging the company’s investment opportunities, to ensure it remains a leader in the marketplace.
Trading212: Trading212 has appointed Wolfram Schurig as its new CEO. Schurig, who has extensive experience in the financial markets, brings strong operational and product expertise to the role, having served as Director of Product Strategy at Deutsche Bank for seven years. He will be responsible for executing on the company’s growth plans and developing a long-term strategy for the business.
HF Markets: HF Markets has announced the appointment of Andrey Pavlov as its new CEO. Pavlov brings a wealth of experience to the post, having been the company’s CFO since 2020. He will be responsible for helping HF Markets to continue to strengthen its competitive positioning, while developing new products and services to meet customer needs.
There have been several other executive moves in the trading industry this week, with many of the top names in the business making strategic changes. With these new leaders taking the helm and shaking things up, it’s clear that the industry is continuing to evolve and innovate to remain competitive in a rapidly changing market.
