Capital.com, a London-headquartered global broker, has appointed IG Group’s Niamh Byrne as its Head of UK and Ireland. Byrne joined the company after spending 14 years at IG Group. Until the new appointment, she was the Head of UK B2B2C Sales at London-based IG Group.

Capital.com announced Byrne’s appointment on Wednesday in a statement shared with Finance Magnates. The broker said Byrne will help to drive its UK business as well as provide support for the execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of its new deal with forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs broker, OvalX.

“Niamh will be responsible for building strong client relationships and driving overall strategy to ensure optimal client satisfaction and growth,” Capital.com noted.

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Byrne to Support Capital.com's New Deal with OvalX

Finance Magnates reports that the brokerage is taking steps to purchase the client assets of OvalX. Under the deal, OvalX in a joint statement with Capital.com says it will offer some of its existing retail and professional clients the opportunity to transfer their accounts to the company so that they can continue trading without disruption.

“I am thrilled to be joining a great team at Capital.com. The UK and EU are strategically important markets for Capital.com. With this agreement [with OvalX], we will be in a good position to further broaden our portfolio of products and accelerate our development,” Byrne said.

Apart from IG Group, Byrne worked for RBC Dexia Investor Services between October 2008 and March 2009. The company offers custody, fund and investment administration, among other financial services. Furthermore, between March 2007 and September 2008, Byrne served as the Client Services Professional at Davy, Ireland's largest stockbroker, wealth manager and asset manager.

Capital.com Taps IG Group Executives

In recent months, Capital.com has tapped other IG Group executives to strengthen its executive team. In December, the broker hired IG Group’s longtime executive, Greg Adams, as its Head of Risk. Furthermore, a month earlier the broker onboarded Alessandro Capuano, IG Group's Head of Exchange Traded Product, to become the new Head of Europe at Capital.com. Capuano once spent almost 13 years at IG Group.