The Forex Capital Markets (FXCM) Group, a provider of online forex and contracts for difference (CFD) trading services, onboarded Thomas Felber as its new Product Director. Felber joins FXCM from Smart Valor, a major blockchain technology hub, where he served as Chief Technology Officer (CTO).

FXCM Hires new Product Director

"Excited to share my latest career move! I have joined FXCM, a leading online provider of forex and CFD trading, as Product Director. With over 20 years of experience in the industry, FXCM has a proven track record of providing traders with a secure and transparent trading environment," Felber wrote today on his LinkedIn profile.

According to his social media channels, Felber started his professional career in 2005 in the IT sector as the Senior IT Consultant at Reply. In 2011, he cofounded a software development company, Tekaris, which he left in 2015 to join Linde's BeeZero project as the CTO.

He then applied his experience as a CTO gained at Linde to Smart Valor, with which he was continuously associated for five years until January 2023. He was responsible for platform development and regulatory compliance and oversaw the operation of a cryptocurrency exchange, a marketplace for rare investment assets and a white-label solution crypto as a service for business clients.

"I am thrilled to be a part of such a reputable and forward-thinking company and look forward to contributing to its continued growth and success," Felber added.

Watch the recent FMLS22 panel on the futurist look at online trading where FXCM's CEO, Brendan Callan, was one of the speakers.

Staff Shakeup in FXCM

Felber joins the team after Ryan Leonard, the Chief Information Officer, who has been with FXCM for his entire professional career, left after 18 years. According to reports from January, he will now try his hand as an independent consultant in the IT industry.

A few months earlier, Jessica Beckstead left FXCM, where she served as the Managing Director, Global Head of Sales and Customer Success, and the CEO of Australia moved on to OANDA as its new Managing Director of North America and its Chief Executive Officer of the United States.

In July 2022, the broker hired Paul Gyles as the company's new Chief Marketing Officer. In his new role, Gyles is responsible for the branding and marketing strategy for the retail broker.

Two weeks ago, Finance Magnates wrote that FXCM has finally settled the class action from 2017. According to the court documents, the settlement amount reached $6,500,000.