Exclusive: ATFX UK CEO Richard Craddock Steps Down

ATFX (UK) has revealed exclusively to Finance Magnates that its current Chief Executive Officer (CEO) Richard Craddock is stepping down from his position, effective today, and will be succeeded by Wei Qiang Zhang - subject to approval from the Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term).

Craddock has been the CEO of the United Kingdom operations of the online broker since 2017. Announcing his departure today is Joe Li, Chairman of the company, who thanks Craddock for his contribution to the company.

“ATFX (UK) is very pleased to welcome Mr. Zhang as its CEO. He brings with him a wealth of experience across a broad range of products and sectors. Wei will be heading up sales and operations, and will add another layer of experience and quality to our business and expansion,” said Li.

“Having led the team in upgrading ATFX to an ‘IFPRU €730K’ FCA license, Wei’s clear vision and wise judgment mean he has played an important role in helping overcome difficulties the sector faces, and his contributions have been recognised by both ATFX and the general financial community,” he continued.

Zhang has been the Managing Director and Chief Financial Officer (CFO) of the UK-based broker since 2017. His career, which spans across 15 years, has seen him work in a number of top management positions for a variety of large-scale financial companies such as FIXI Plc.

ATFX UK Presents New Management Team

With Zhang now as the CEO, the management team of the UK broker includes Kim Dore in Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, Steven Woodcock as Head of Risk, Marcos Tigsilema as Commercial Director, Ergin Erdemir as Head of Marketing and Ben Cross as Head of Operations.

Commenting on his departure, Craddock added: “It’s been a pleasure working with ATFX (UK), a company who have enjoyed unparalleled expansion in its operation and development since inception. And while it saddens me to say goodbye to the company and its staff, I’m confident it’ll continue to thrive with its stable foundations and core business strategy lead by the new CEO, my long term friend, Wei.”