This week marked a remarkable surge in executive appointments and departures across the financial, forex and CFD, investment, crypto and blockchain, and the banking industry.

Some of the notable executive moves include: Euroclear UK & International appointed Chris Elms as Chief Executive Officer; Freetrade CEO Adam Dodds stepped down; Equiti named Husam Al Kurdi as Cyprus Managing Director; Capital.com promoted Rupert Osborne to the newly created UK CEO role; Paxos appointed Former CFTC Chairman Christopher Giancarlo to Board; ETX Capital's Former CEO Arman Tahmassebi moved to Flagstone as Chief Operating Officer; Vanguard appointed Salim Ramji as the Chief Executive Officer; Michael Nichols, who led the Sales division at Match-Trade Technologies, moved to Match-Prime Liquidity as Chief Commercial Officer (CCO); BUX Holding appointed Marcel Jongmans as Board Chairperson.

Executive Moves of the Week

After 28 Years, This Market Veteran Became Euroclear UK & International CEO

Euroclear UK & International appointed Chris Elms as Chief Executive Officer (CEO). Elms, who previously held the position of interim CEO, brings a wealth of experience to his new role. He has dedicated nearly three decades to the Euroclear Group and its predecessor, CRESTCo., since 1996.

Throughout his tenure, Elms has held various high-level positions, including stints as Head of Internal Audit at CRESTCo and Group Head of Group IT Service Control. His roles entailed ensuring the smooth operation of essential IT services across multiple Euroclear entities, including Euroclear Bank, Euroclear UK & International, and the ESES CSDs.

Display more about Chris Elms' remarkable career and his new position as Euroclear's Chief Executive Officer.

Freetrade CEO Adam Dodds Steps Down amidst Shifting Market Dynamics

The CEO of Freetrade, Adam Dodds, departed from the firm. Dodds, who co-founded the company in 2016 alongside Davide Fioranell and Viktor Nebehaj, will be succeeded by Nebehaj, currently serving as Freetrade's Chief Operating Officer, CNBC reported.

Dodds, who is the largest individual shareholder with an estimated 12% ownership, will no longer be involved in the day-to-day operations the UK trading service provider but will continue to support the company from an external position. The company described this executive move as strategic in facilitating the company's next phase of growth.

Find out more about Freetrade CEO Adam Dodds' departure and the company's succession plan.

Equiti Names Husam Al Kurdi as Cyprus Managing Director

Equiti Global Markets' Cyprus arm named Husam Al Kurdi as Managing Director. Al Kurdi previously worked as SquaredFinancial EU's Chief Executive Officer for more than three years until his promotion to SquaredFinancial Group's Deputy CEO in 2021.

Besides that, Al Kurdi dedicated some time to a fintech startup, Investomy Ltd, that he co-founded in June 2023. His wealth of experience includes various roles at ADSS, MIG Bank, and MIG Investment in Cairo, Egypt. Last year, Al Kurdi resigned as Deputy CEO of SquaredFinancial to pursue his entrepreneurial endeavors. He joined the company in 2019 after a significant tenure at ADSS.

Identify more about Husam Al Kurdi's transition to the role of Cyprus Managing Director and what it means to the forex and CFD brokerage firm.

Capital.com Promotes Rupert Osborne to the Newly Created UK CEO Role

Capital.com recently shuffled the management of its UK division by appointing Rupert Osborne as the CEO of Capital Com UK Limited. Osborne will assume the role of the CEO of the UK operations from Kypros Zoumidou, who will remain the Group CEO.

According to the broker, the decision to appoint a dedicated CEO for the UK operations aligns its operations with the needs of local clients and the changing market conditions. Zoumidou, who assumed the apex role with the broker succeeding Peter Hetherington, mentioned: "As CEO of the UK operations, Rupert will steer the business forward while delivering the highest level of service to our clients in the UK."

Learn more about Capital.com's promotion of Rupert Osborne to the new role of UK CEO.

Paxos Appoints Former CFTC Chairman Christopher Giancarlo to Board

Paxos, a regulated blockchain and tokenization infrastructure platform, welcomed Christopher Giancarlo, the Former Chairman of the US Commodity Futures Trading Commission (CFTC), to its board of directors. Giancarlo brings decades of experience to Paxos. During his tenure at the CFTC from 2014 to 2019, Giancarlo oversaw the introduction of the first Bitcoin futures products.

Charles Cascarilla, the CEO and Co-Founder of Paxos, mentioned: "Chris brings unparalleled expertise and understanding of complex market dynamics to Paxos. His insights will support us as we expand our position as a leader in regulated digital asset market structure and stablecoin innovation."

Explore Paxos' appointment of Former CFTC Chairman Christopher Giancarlo to the Board.

ETX Capital's Former CEO Arman Tahmassebi Moves to Flagstone as Chief Operating Officer

ETX Capital's Former Chief Executive Officer, Arman Tahmassebi, transitioned to Flagstone as Chief Operating Officer. Flagstone facilitates businesses to offer their clients saving options. Founded in 2015, the London-based firm has more than £11 billion in assets under management.

Tahmassebi served for almost three years at ETX Capital, which rebranded to OvalX before closing down. There, he held the roles of Chief Operating Officer and later Chief Executive Officer. He then proceeded to LendInvest, a UK-based fintech firm, as Chief Operating Officer. Additionally, the seasoned executive served at IG for over 14 years as the Managing Director for Europe and South Africa and later Global Head of Operations.

Display more about the big move to Flagstone as Chief Operating Officer by ETX Capital's Former Chief Executive Officer, Arman Tahmassebi.

Vanguard's Incoming CEO Is BlackRock's Former Crypto-Friendly Executive

Vanguard appointed Salim Ramji as the Chief Executive Officer, succeeding Tim Buckley, who is retiring. The appointment is significant to the crypto industry because Ramji is a former executive at BlackRock, which recently launched a Bitcoin exchange-traded fund (ETF). Vanguard is the second-largest asset manager globally, with over $7.2 trillion in assets under management.

Ramji spent the last ten years of his career at BlackRock. He left the company in January as the Global Head of iShares and Index Investments, the unit that launched the Bitcoin ETF. At the time of his departure, he highlighted that he would be seeking "a new leadership or entrepreneurial opportunity outside the firm."

Investigate more about Vanguard's incoming CEO, Salim Ramji, and what it means to the evolving digital asset space.

Match-Trade Announces Appointment of New Head of Sales in Management Revamp

Match-Trade Technologies announced new changes in management positions following the opening of its representative office in Dubai earlier this year. Michael Nichols, who led the Sales division at Match-Trade Technologies, is moving to Match-Prime Liquidity as Chief Commercial Officer (CCO). Przemysław Wojtyna, a member of the company since December 2021, will assume the role of Head of Sales at Match-Trade Technologies.

Speaking about the new changes, Nichols mentioned: "During my tenure at Match-Trade, we successfully broke barriers in the industry, setting new market trends. Now, I am excited to shift my focus to expanding our business in Dubai as part of the Match-Prime team, with whom I have closely collaborated for years. My new role will help secure face-to-face meetings with our clients while spearheading the Dubai office's growth and helping the team achieve its goals."

Find out more about the transition of Michael Nichols to Match-Prime Liquidity as Chief Commercial Officer (CCO).

Dutch Neobank Bux Taps 30-Year Financial Veteran as Chairperson

BUX Holding appointed Marcel Jongmans as the board's new Chairperson. Jongmans, with almost 30 years of experience in the financial services sector, will succeed Founder Nick Bortot, who will remain involved as an Observer of the Board. BUX Holding is the parent company of the mobile investment platform BUX.

Jongmans' appointment occurs when BUX is undergoing significant organizational changes, including the divestment of key subsidiaries, such as the acquisition of BUX by ABN AMRO. Before joining BUX, Jongmans served as the Global CEO and Board member at ABN AMRO Clearing. BUX is a Dutch neobank and neobroker offering investment platforms for stocks, ETFs, and ETCs.

Identify more about Dutch Neobank Bux’s appointment of Marcel Jongmans as Board Chairperson and the ongoing organizational changes.