Doo Group's Head of Institutional Clients, Fraser Nelson, is leaving the company, according to an announcement he made on LinkedIn today (Thursday). Nelson joined the company as the Head of Business Development before being promoted to the role of Head of Institutional Clients, a position he held for a year.

Two Years at Doo Group

"After 2 years of Excitement, Hard Work, Travel, and Growth, my time at Doo has come to an end. As I prepare to take the next steps in my career, I wanted to say thanks to the management team for the confidence in making me the number 3 hire outside of Asia, backing me to open offices and spearhead growth, believing in me to be the face of our Recruitment and Branding videos and empowering me to be the companies face and voice at Expos and Seminars," Nelson wrote.

"There's been many milestones in my 2 years with Doo but my particular highlights have been: Seeing volume grow from 23 billion to over 100 billion a month, expanding our Offices and presence to over 30 locations globally, positioning as one of the fastest growing brokers in LATAM and Africa, and building up the Liquidity pool access and Institutional product."

Serving in Other Notable Brands

Nelson's career spans several notable industry brands, among them Centroid Solutions, PrimeXM, and HotForex. He served as Centroid's Global Business Development Manager, PrimeXM's Relations and Business Development Manager, and HotForex's Regional Head of Business Development.

In June, Doo Group released its financial results, highlighting total trading volume worth USD 106.53 billion. This represented a drop from the previous month, with the average daily volume declining.

The most traded products in the group in May were XAU/USD, EUR/USD, and GBP/USD. XAU/USD recorded the most trading volume, reaching USD 80.99 billion. EUR/USD had the most significant increase, increasing by 11.26% from April.

Elsewhere, Doo Capital Market, a subsidiary of Doo Financial, obtained the license from the Monetary Authority of Singapore (MAS) early this year, boosting its operations in the region.

Doo Financial has been broadening its services in the Singaporean market. The approval authorizes DCM to engage in activities, including capital markets products, product financing, and offering custodial services.