PrimeXM, a foreign Exchange (FX) technology provider, has made waves in terms of its executive personnel, promoting longtime company executive Cristian Vlasceanu to the new role of Chief Executive Officer (CEO) with immediate effect, Finance Magnates has learned.
As per the newest appointment, Mr. Vlasceanu will be succeeding Clive Diethelm, PrimeXM’s founder and inaugural CEO since the company's inception back in 2010. Despite relinquishing the CEO position, Mr. Diethelm will remain with the group, shifting his focus within the company to its technology development.
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Mr. Vlasceanu’s ascension to the rank of CEO at PrimeXM comes after a nearly five-year tenure with the group, where he worked in multiple senior level roles. His most recent appointment saw him working as the group’s Chief Operating Officer (COO) since July 2012, having originally joined PrimeXM back in September 2011 as a software engineer, according to information made public on his Linkedin profile.
Cristian Vlasceanu, CEO, PrimeXM
PrimeXM boasts an extensive technology offering that caters to brokers interested in distributing their own Liquidity to other entities as well as individuals. The group also offers and deals with several services and capabilities for brokers including the connectivity to myriad liquidity sources as well as front-end trading platforms and APIs.
According to Mr. Vlasceanu in an exclusive statement to Finance Magnates, "My promotion to the new role as CEO was part of our longer-term strategy. During the previous years, as COO, I have been progressively handling more responsibilities on the operational and business development side, as preparation for assuming the CEO role."
"Clive Diethelm, my business partner and the original founder of PrimeXM, has to date been managing both CEO and lead development roles for the firm, however, now I have officially assumed all CEO responsibilities, this leaves Clive free to focus purely on the development side of the business, which has always been where his true expertise and passion lies. This move is key to maintaining our position as one of the leading FX technology providers, as Clive is now fully focused on enhancing our offering. With this in mind, I am pleased to say that we will be announcing in the coming months a major upgrade to our XCore aggregation engine that will provide our clients with an even more competitive edge," he added.
