Exclusive: MultiBank Onboards Sophie Squillacioti as Head of China Sales

Monday, 16/09/2024 | 05:45 GMT by Arnab Shome

In her two-decade-long career, Squillacioti headed the China and Asia desks of multiple brokerages.

At MultiBank, she will oversee all aspects of its developing Chinese business.

Sophie Squillacioti, Head of China Sales and and Advisor to the Chairman at MultiBank Group

Sophie Squillacioti, a sales veteran in the retail trading industry, has joined MultiBank Group as the Head of China Sales and Advisor to the Chairman, Finance Magnates has learned exclusively. Most recently, she was with Equiti Group, another forex and contracts for differences (CFDs) broker.

Boosting Chinese Team

Based at the broker’s global headquarters in Dubai, Squillacioti has already assumed her new role today (Monday). She will report directly to Naser Taher, MultiBank’s Founder and Chairman, and Marc Aspinall, the broker’s Chief Commercial Officer.

Detailing her responsibilities, Squillacioti explained that she will oversee all aspects of MultiBank’s developing Chinese business.

Naser Taher, founder and Chairman of MultiBank Group; Source: LinkedIn

As previously reported by Finance Magnates, MultiBank Group generated revenue of $306.6 million in 2023, with a net income of $226.8 million. These impressive financials were driven by an average daily trading volume of over $15.6 billion on the platform.

MultiBank Group was established in the United States in 2005 but now operates from over 25 branches globally. It is also well-regulated, holding a total of 15 licenses from top regulatory jurisdictions, including Australia, Germany, Cyprus, the UAE, Singapore, and Austria, as well as offshore jurisdictions like the Cayman Islands, the British Virgin Islands, Vanuatu, Mauritius, and Seychelles.

A Chinese Market Expert

Squillacioti is a veteran in the retail trading industry, with nearly two decades of experience. She joined MultiBank from Equiti, where she served as Director of Sales APAC. Before that, she was the Head of Asia at INFINOX Global, a position she held for over a year. She also had a stint at BDSwiss as Head of Asia, stationed at the broker’s Shanghai offices.

Her most prominent role in the industry was at the Shanghai offices of City Index, a part of GAIN Capital, where she was Managing Director and Head of China and APAC Sales for over nine years. Additionally, she spent two-and-a-half years at BlackBull Markets as its Managing Director of China.

Squillacioti’s other industry experiences include roles as Managing Director for Greater China at ACM Group. She began her career in early 2004 at CBFX as a Sales Associate and later became Vice President and Head of China at IFX Markets, according to her LinkedIn profile.