In our weekly executive move coverage, EC Markets UK tapped Adam Saward as Managing Director, EBS' Former Executive Hugh Whelan joined SGX FX, Devexperts named Ben Hurley the new CEO, Match-Trade appointed Andrey Kalashnikov to head Match2Pay, and SFC picked Kelvin Wong Tin-yau as Chairman.

Executive Moves of the Week

EC Markets UK Tapped Adam Saward as MD

EC Markets UK appointed Adam Saward as Managing Director, bringing more than 22 years of experience in the financial sector to the role. His career began at HSBC and was followed by a significant period at ETrade, where he held various positions during its peak years in the UK.

Saward’s experience includes setting up an execution trading desk at Penson Financial, where he was introduced to the Prime Brokerage industry. After four years, he moved to Linear, developing its Prime Brokerage offering. He later co-founded PrimeXtend, a Prime Broker and Execution provider, in partnership with former Nomura and JP Morgan executives.

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EBS' Former Exec Hugh Whelan Joined SGX FX

SGX FX named Hugh Whelan as the new Head of Liquidity Management and Data Strategy. Whelan brings experience from his previous role at EBS, where he played a key role in launching and developing EBS Direct into a notable foreign exchange (FX) trading platform.

Whelan's career at EBS began in November 2013, where he served as Head of EBS Direct FX Trading Platforms until June 2024. In this position, he led the establishment of EBS Direct, a bilateral FX trading venue offering spot, forwards, swaps, and metals under ICAP Plc.

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Devexperts Named Ben Hurley as New CEO

Devexperts, a global software developer for the capital markets, announced that Ben Hurley will be the new Chief Executive Officer. Hurley will replace Michael Babushkin, the previous CEO.

Hurley has been with Devexperts since 2022, previously serving as the Country Manager in Ireland. In this role, he reportedly played a key part in reshaping the company’s operations and leading its restructuring project.

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Match-Trade Appointed Andrey Kalashnikov to Head Match2Pay

Match-Trade Technologies enlisted Andrey Kalashnikov as the Head of Match2Pay, a crypto payment processing solution. Kalashnikov has over 12 years of experience in the financial services industry.

He spent eight years as the CEO of a Cyprus Investment Firm (CIF), where he developed skills in risk management, payments, and leadership within regulated entities.

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SFC Appointed New Chairman

The Securities and Futures Commission (SFC) of Hong Kong named Kelvin Wong Tin-yau as Chairman, effective October 20, 2024. Tin-yau will replace Tim Lui, who has held the position for six years and is stepping down.

Tin-yau previously served as Chairman of the Accounting and Financial Reporting Council and worked closely with the SFC. Reflecting on his tenure in a recent statement, Lui characterized the past six years as challenging, noting events like the COVID-19 pandemic and geopolitical tensions.

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