Another week passes in September, yet we see double the previous new executives being recruited in the forex, crypto and fintech industries compared to last week. Let’s review this positivity in the market with the executives who have taken on recent roles and challenges in our executive moves roundup of the week.

Executive Moves of the Week

IC Markets CFO Parts to Join Zara FX in Similar Role

Yiannis Argyrou has been appointed as the new Chief Financial Officer (CFO) at Zara FX, a financial services firm. According to Zara FX, this announcement emphasizes the strategic importance of the company's growth and positioning in the financial industry.

Zara FX serves retail and institutional clients globally, granting them access to an array of investments and trading options in Forex and contract for differences (CFDs). It operates with licenses obtained in Dubai.

The announcement mentions that Argyrou brings a wealth of experience and a strong track record of success in the financial sector. This background shows that he has the qualifications and expertise necessary for the role.

FairXchange Onboards New Chief R&D Officer

FairXchange, a part of United Fintech, has onboarded Will Holt as the company's new Chief Research and Development Officer. He previously worked at Goldman Sachs and Tudor Investment Corporation.

"His deep knowledge of market microstructure combined with his impressive track record in the hedge fund industry make him the ideal person to take our research programme forward," said Guy Hopkins, the Founder of FairXchange. "We have a number of very exciting new products in the pipeline, building on the strong technical foundation we have put in place over the past five years, so Will joins us at the perfect time to further increase our momentum."

eToro Gets UK Head of Finance

Simon Cole has joined the UK offices of eToro as the new Head of Finance. According to his LinkedIn profile, he is based in London and already assumed the role.

Cole brings more than two decades of experience to the role. Most recently, he was the Chief Financial Officer at Finveo UK for more than a year. He was also a Finance Director at Phoenix GSB Group. He brings extensive experience from the brokerage as he worked with ADSS and CMC Markets for a number of years.

Simply Business Taps Ex-GAIN Capital Executive as US CEO

Samantha Roady, a well-known FX industry executive, has become the new US Chief Executive of Simply Business, an online business insurance brokerage. She was previously the Chief Operating at MoneyLion.

Earlier, she spent years at GAIN Capital, which was acquired by StoneX. There, she held roles like Chief Marketing Officer and Chief Commercial Officer. She was additionally a part of GAIN Capital's board and was the President of the retail side of the business.

Exclusive: XTB Hires CTO from Polish E-Commerce Giant to Develop AI Solutions

Adam Dubiel, a seasoned expert in e-commerce and technology, has joined XTB, a publicly listed company specializing in online investment platforms. As exclusively revealed to Finance Magnates, Dubiel will serve as the Chief Product and Technology Officer (CTO) starting this September, focusing on advancing the company's technological strategy.

While XTB is still mainly associated with a company in the retail trading sector, it has been developing proprietary technology and investment platforms in recent years, increasingly focusing on technology. The Technology Division accounts for approximately 40% of the company's workforce.

With Adam Dubiel at the helm, the company aims to strengthen this crucial department further. Before joining XTB, Dubiel spent over a decade as a CTO with Allegro, a leader in the e-commerce industry in Poland.

Discover more about XTB onboarding Adam Dubiel as the new Chief Product and Technology Officer.

Finalto Asia Announces New Head of Sales

Finalto Asia Pte Ltd welcomed Ivan Wong as its new Head of Sales for the Asia-Pacific region last month. Wong brings extensive experience and expertise in the financial industry and is expected to drive sales growth and foster a culture of innovation and client-centricity at Finalto.

"Ivan brings a wealth of experience and expertise in the financial industry, particularly in the Asia-Pacific region. With his strategic vision and a proven track record of driving sales growth, he is well-poised to lead our sales efforts in Asia and help us further our commitment to providing top-tier financial solutions to our clients," Finalto commented in a LinkedIn post.

FINMA's CEO Urban Angehrn Resigns

Urban Angehrn, the CEO of the Swiss Financial Market Supervisory Authority (FINMA), has announced his resignation effective at the end of September 2023. The Deputy CEO, Birgit Rutishauser will serve as the interim CEO from 1 October. Angehrn has cited health reasons as the cause for his departure due to high-stress levels.

During his tenure, Angehrn successfully navigated FINMA through various challenges, including the Ukraine war and the Credit Suisse crisis. He expressed gratitude to his team and the Board of Directors for their support and said his decision to step down was guided by reason.

Melissa Di Donato Appointed as New CEO of Kyriba

Kyriba, a global leader in cloud-based finance and liquidity solutions, has announced the appointment of Melissa Di Donato as its new Chairwoman and CEO. Di Donato, who has a track record of leading tech companies to growth, will succeed Jean-Luc Robert. She aims to build upon Kyriba's strong foundation and lead the company into a new era of customer-focused growth and innovation.

“I am honored to join Kyriba and build upon its unmatched heritage in treasury management,” Di Donato commented. “Kyriba is poised to enter a new era of success. Together with this exceptional team, we will capitalize on the enormous opportunities before us to deliver greater value and meet our customers’ end-to-end needs in enterprise liquidity management.”

New Head of Technology Strategy at Hantec Markets

Michael O'Sullivan has left his role at INFINOX to join Hantec Markets as the new Head of Technology Strategy. He joined INFINOX in January 2021 as the Head of Technology and departed as the Chief Technology Officer.

O'Sullivan started his career at CMC Markets and spent 15 years at the London-headquartered broker, separating as the Head of Partnerships Operations and Delivery. He also spent a year at ATFX UK as the Head of Project Management.

Capital.com Onboards New Aussie Senior Financial Market Analyst

Capital.com announced the appointment of Kyle Rodda as the Senior Market Analyst responsible for market analysis in Australia and Asia Pacific. In the role, he will deliver market analysis on a regular basis to traders in Australia and globally.

He brings over ten years of industry experience and previously worked at the Australian arm of IG. Most recently, he was a Presenter and Market Commentator at the Australian business streaming platform, ausbiz TV.

"Kyle's expertise and understanding of the local and global markets will be instrumental in supporting our growth and addressing our clients' burgeoning interest in the Australian markets and the surrounding region," said Laura Lin, the CEO of Capital.com Australia.

CMC Markets Names Albert Soleiman as New CFO

CMC Markets (LON: CMCX) has named Albert Soleiman as the new Chief Financial Officer in an appointment that came as an internal promotion. He replaced Euan Marshall, who retired from the role and CMC's board but will remain with the Group for the next few months to ensure an orderly transition.

Soleiman spent a significant portion of his career at CMC Markets. He first joined the London-headquartered broker in November 2005 as a Tax Manager for Asia Pacific and became the Group Head of Tax in 2008. He also assumed the role of Head of Client Asset Management at CMC but separated from the broker in November 2019 after working there for 14 years.

Learn more about CMC Markets naming Albert Soleiman as its new CFO.

Zenfinex’s Group CEO Exits, Joins Exinity as Group COO

Matthew Wright has stepped down as the Group Chief Executive Officer of Zenfinex to join Exinity as the Group Chief Operating Officer at the beginning of September. He is based in London, according to his LinkedIn profile.