Finance Magnates can confirm that Ben Richter has been appointed as Head of Australia for retail FX broker EuropeFX. The move took place this February, but Richter only provided confirmation of the move yesterday. EuropeFX is a newcomer to the retail industry, having been founded in 2017.

Richter will take up his new position having gained considerable experience with Leverate, an Israeli brokerage Technology Provider . He joined the firm in 2016 as Head of Institutional Sales before moving into his most recent role as Head of Global Sales.

Prior to joining Leverate, Richter worked on the front-line of the FX industry for FXCM Israel. The company, which was banned from operating in the US for defrauding its customers, offers retail FX brokerage services.

Richter joined the firm in 2008 as a sales manager for the company’s Israeli division. In 2011 he was promoted to head the broker’s institutional FX desk. Just three years later, in 2014, he was promoted again, this time to VP of Sales and Operations.

Reuniting with old friends

The Cyprus-based broker was probably influenced by its CEO in its decision to hire Richter. Yossi Gafni worked alongside Richter at FXCM for six years, from 2008 to 2014, as VP of Sales. He helped to establish EuropeFX last year.

Finance Magnates reached out to Richter for comment on this story. He confirmed that the move took place in February but declined to give any further comments. With a decade of experience in the FX industry under his belt, Richter will likely prove a valuable asset to EuropeFX.