Breaking in July and feeling the summer heat in the Northern Hemisphere, we see similar numbers of new executive roles being allocated in the forex, crypto and fintech industries this week. 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
CMC Markets' Group CFO Euan Marshall Resigns
The Group Chief Financial Officer at CMC Markets (LON: CMCX), Euan Marshall, has resigned and will leave the company in January 2024. He will step down as a director of the London-listed company and take up the role of CFO at IntegraFin Holdings.
CMC highlighted that it will start to look for Marshall's replacement shortly. Over the next six months at CMC, Marshall will focus on an effective and orderly handover of his responsibilities.
Marshall has been the CFO at CMC for about the past four years. Before that, he held the role briefly for four months. He joined CMC in November 2011, according to his Linkedin profile, and will part from the company after more than 12 years.
Discover more about Euan Marshall, the Group CFO at CMC Markets resigning.
New VP for N26's European Operations
Andrea Isola, previously the General Manager for Italy & South East Europe at N26, has been named the new Vice President of European Markets and Business Operations at N26. In his new role, Isola will supervise the bank's European markets, Business Operations, Strategic Project Management, and Sourcing functions. He aims for sustainable growth in N26's core European markets.
Isola will report to Maximilian Tayenthal, the Co-Founder and Chief Operating Officer at N26, while also temporarily holding the position of General Manager for Italy and South-East Europe. He plans to streamline organizational processes to enhance alignment and strengthen operational capabilities.
AEGIS SEF Appoints New President
AEGIS SEF announced the appointment of Chris Payne as the new President, replacing Justin McCrann. It came as an internal promotion as Payne previously was the Chief Product Officer for AEGIS Hedging Solutions, the parent of AEGIS SEF.
"Recent volume records indicate material adoption of the platform," Payne said in a statement. "We are eager to help our Participants sustain that growth by leveraging modernized electronic trading in a way that benefits everyone in these markets. Participant feedback remains strong, and the record growth is supported by significant new Dealer interest in AEGIS SEF from a mix of counterparties, including registered swap dealers, integrated marketers, proprietary trading firms, and hedge funds."
Meanwhile, the company listed an array of new products, including Interest Rates, Aluminum, Diesel, Gasoline, Crude Oil Roll swaps, Swing swaps, and a range of Canadian Energy swaps.
Moneycorp Names Velizar Tarashev as Group CEO
Moneycorp has tapped Velizar Tarashev, its Chief Financial Officer, to take over leadership of the cross-border payments business from Mark Horgan who is stepping down as Chief Executive Officer after 12 years in the role. The London-based company announced Tarashev’s appointment as the Group's CEO today (Wednesday) in a statement.
Moneycorp in the statement noted that Horgan will remain with the company as the Deputy Chairman of its Board. He is expected to take on the role in early 2024. On the other hand, the firm tasked Tarashev, who joined in 2021 Moneycorp after over a decade at Barclays, with leading the company into its next phase of growth.
“Velizar is an established leader with an impressive track record of delivery,” Alan Bowkett, the Chairman of Moneycorp, said in the statement. “Since joining the Group, Velizar has been instrumental in the development and implementation of Moneycorp's strategy, business model and culture, making him the perfect candidate to take the Group forward.”
Nasdaq Unveils Its Board of Directors for US Exchanges
Nasdaq has published the name of the individuals elected to the Board of Directors for the US-based exchanges operated by the company.
Those elected are Kathlyn Beckles, the Chief Legal Officer, Verisk Analytics, Inc., Tal Cohen, the President of Markets Platforms, Nasdaq, Inc., and Michael Curran, a retired Chairman, and the CEO of Boston Stock Exchange.
The others are Anne Darling from Goldman Sachs, David Frear, the former CFO of SiriusXM, Thomas Kloet from TMX, Anita Lynch the former Chief Data Officer of New Relic, David Rosato from Berkshire Bank, Andrew Schultz from Susquehanna, and Elizabeth Wideman from Comcast Corp.
Seledtsov Expands Role at Exness
Artem Seledtsov, the Chief Business Development Officer at Exness, has announced the expansion of his role to include the position of Chief Sales Officer. With the dual roles, Seledtsov is set to drive business growth, build strategic partnerships, and seize new opportunities, reinforcing Exness' position in the market. “I’m excited to share that my existing position at Exness as the Chief Business Development Officer has been extended with an additional role – the Chief Sales Officer,” Seledstov commented.
Former CFO at LSE Heads LME Clearing
The London Metal Exchange's (LME) clearing house has appointed David Warren, the former CFO of the London Stock Exchange, as its Chairman, effective 20 July 2023.
The appointment was made as LME wrestles with a lawsuit and a drop in nickel trading volumes. It follows an incident in March 2022 that saw nickel prices double within hours, resulting in a billion-dollar trade cancellation.
Marex Names New Group Chief Operating Officer
Marex has announced the appointment of Graham Francis as the Group's Chief Operating Officer. He will oversee the company's day-to-day operations and report to Marex's CEO, Ian Lowitt.
Graham joined Marex from TP ICAP, where he was most recently the COO for the Global Broking business. Overall, he spent 15 years at TP ICAP. He also worked at Dresdner Bank, Lehman Brothers, and Linklaters.
Commenting on the appointment, Marex's CEO said: "His appointment reflects Marex's significant growth trajectory and is a testament to our ambitions for the future. Graham brings deep experience within the sector, and I look forward to working with him to further improve and deliver on our growth strategy."
Ex-BDSwiss Chief Appointed CEO of ‘Broker as a Service’ Provider Netrios
Nicolas Shamtanis, the former Chief Executive Officer BDSwiss, has returned to professional life after a short sabbatical leave of just six-month. Shamtanis announced his return today (Tuesday) on LinkedIn. He mentioned that he started running both ‘broker-as-a-service’ provider, Netrois, and payment and compliance solutions provider, Red Acre, as the Chief Executive Officer since April.
BDSwss appointed Shamtanis as its CEO in March last year, tasking him with leading its global presence and expansion plans. The executive joined the financial and investment services provider in September 2021 as the Deputy CEO.
Learn more about Nicolas Shamtanis returning to run Netrois and serve Red Acre as its CEO.
Shadi Salloum Appointed as XS.com's MENA Director
The global fintech provider, XS.com has announced the appointment of industry veteran Shadi Salloum as the new Regional Director for the Middle East and North Africa (MENA).
Salloum's main role will involve leading the growing team and overseeing the smooth operation of the firm's MENA operations.
"I am filled with anticipation as I prepare to embark on a new venture with XS.com, a dynamic and forward-thinking brokerage,” Shadi Salloum, the Regional Director (MENA) at XS.com, commented on his new venture.
“As the new Regional Director for the MENA region, I am enthusiastic about contributing my knowledge and experience to propel the company's achievements in the field of online trading.”
GTC Taps Axi’s Elian Daoud as Chief Operating Officer
Global Trade Capital (GTC), a Dubai-based online trading provider, has appointed Elian Daoud as its Chief Operating Officer. Daoud joins the financial services company after six and a half years at its rival brokerage, Axi where he last served as the Head of Robotic Process Automation.
The senior executive announced his appointment through LinkedIn today (Monday). He brings about 10 years of experience in accounting, sales and development roles, to the job. Apart from Axi, Daoud has worked at Royal Financials, Alfa Financials and Brooge Forex Brokers.
Meanwhile, GTC, which is regulated by Vanuatu Financial Services Commission, recently onboarded Jameel Ahmad as the Chief Analyst and Advisor to the CEO.
HYCM Hires Axiory’s Dominic Poynter as Chief Marketing Officer
HYCM, the London-based forex and contracts for difference (CFD) broker that recently rebranded from Henyep UK, has appointed Dominic Poynter as its Chief Marketing Officer. Poynter was previously the Marketing Director at a multi-asset broker Axiory for two years.
The senior executive announced his appointment at HYCM on Monday through a LinkedIn post. His profile on the professional networking platform shows he started the Cyprus-based role last month.
Poynter joined the retail forex and CFD industry in 2010 as a Website Manager at FxPro Financial Services. Since then, he has served in senior marketing roles at easyMarkets, ATFX and Axiory.
Binance Taps Min Lint to Head Latin America
The cryptocurrency exchange, Binance has appointed Min Lin to head its operations in the Latin American region. Lin will be in charge of leading teams with a focus on optimizing the products and services of the exchange.
He joined Binance in 2021 as the Head of Business Development and previously worked as an Executive Director, Global Markets Division, at Goldman Sachs. His appointment comes at a time Binance is expanding its educational partnerships and community outreach in Latin America.
XS.com Appoints New Business Development Manager
The retail trading company XS.com announced yesterday (Sunday) that it has onboarded Joanna Atwi as a new Business Development Manager for the MENA region.
“I'm excited to announce that I joined the XS.com family as Business Development Manager, MENA,” Atwi commented in a LinkedIn post.
In the past, Atwi worked for ICM.com, where she spent more than five years. Firstly, as a Business Development Associate and for the last five months as a Business Development Manager. Previously, she worked for Trust Capital S.A.L as a Sales Executive.
Barclays Appoints New Head of TMT
Barclays has announced the appointment of Akihiko Yamada as the Managing Director and Head of Technology, Media and Telecom (TMT) Investment Banking for Japan. Mr Yamada, with over 17 years of experience in TMT client coverage, has a profound understanding of complex M&A transactions and capital markets.
Previously, Yamada worked for Bank of America and Goldman Sachs. Presently, he brings a wealth of knowledge and industry relationships to Barclays. As the TMT sector continues to expand in Japan, Yamada's appointment further solidifies Barclays' focus on growing its investment banking business across the Asia-Pacific region.
