Who are the new CEOs at CFDs broker Capital.com UK and neobroker Freetrade?
Which item retailer is closing its (virtual) doors?
What were CFI’s record trading volumes in Q1 2024?
What other executive moves did we see involving Devexperts, Match-Prime Liquidity, The Trading Pit, iSAM Securities, 26 Degrees and more?
Some of the most read and commented on FX/CFD industry news that appeared in the last seven days on FNG include:
Capital.com names Rupert Osborne as UK CEO. Continuing to reshuffle its senior management ranks following the departure of CEO Peter Hetherington last year, Retail FX and CFDs broker Capital.com has announced the appointment of Rupert Osborne as CEO of Capital Com UK Limited (Capital.com UK), with subject to regulatory approval. Rupert Osborne was one of the former IG Group executives who joined from Peter Hetherington (former CEO of IG) at Capital.com in 2022, having spent more than 15 years in commercial and sales roles in the UK and US. At the beginning of the year he was appointed Chief Executive Officer of Capital.com.
Viktor Nebehaj replaces Adam Dodds as CEO of Freetrade. UK broker Freetrade has announced a change at the top of its C-Suite management, with company co-founder Adam Dodds stepping down from his role as CEO. Adam Dodds is the only CEO Freetrade has known since he co-founded the company in 2016. One of Freetrade’s other co-founders, COO Viktor Nebehaj 9 pictured above), will take over as CEO. Adam Dodds remains Freetrade’s largest shareholder, with around 12%. While Freetrade has yet to officially release its 2023 financials, it is believed the company lost £8.3m, a significant improvement from a £39.8m loss in 2022.
True Forex Funds support company folds. Following our exclusive report from early February that retail trading product firm True Forex Funds had ceased operations, becoming one of the first victims of a crackdown on support firms by MT4/MT5 trading platform developer MetaQuotes, the firm has now informed its customers and the public that it is closing permanently.
CFI Reports Record Client Trading Volumes in Q1 2024 Leading UAE-based online trading provider CFI has revealed record performance in the first quarter of 2024. As a testament to the group’s commitment to excellence and innovation, CFI has achieved significant milestones in various areas of the business, including new records in transaction volumes, customer numbers, strategic partnerships, product enhancements and global expansion initiatives.
Top FX industry executive moves reported on FNG this week included:
❑ Exclusive: Devexperts hires Nick Mortimer as SVP Business Development.
❑ Match-Prime Liquidity names Michael Nichols as CCO.
❑ Christoph Radecker, Thomas Heyden leave propaganda company The Trading Pit.
❑ Exclusive: ForexVox / SquaredFinancial alum Michael Quirk joins Go Xchange as Head of Sales.
❑ iSAM Securities adds StanChart, Citi executives to eTrading team.
❑ Exclusive: 26 Degrees hires HFM/24option alum Konstantinos Konstantinou for the Cyprus office.
❑ Exclusive: Former ETX CEO Arman Tahmassebi is leaving LendInvest for COO role at Flagstone.