Finalto has expanded its leadership with the latest hiring of forex industry veteran Cal Portway as the Vice President of Institutional Sales, based in Sydney, Australia. According to his Linkedin profile, Portway has already joined the financial services company.

Finalto Hires FX Veteran Cal Portway

The appointment came when Finalto hired former IS Prime executive Marco Maggioni as the Sales Director, focusing on liquidity and execution services. Both appointments transpired when Hong Kong-based Gopher Investments took over the stewardship of Finalto as the new owner.

Portway brings almost three decades of industry experience to his new role at Finalto. He joined from the Sydney offices of MFP Trading, where he was a part of the Institutional Sales team for more than three years. Before that, he held the role of FX Agency Execution APAC at the Australian subsidiary of ISAM Capital.

He spent most of his career working for several big financial services companies in the Asia Pacific. Initially, he started his career at RBC, spending over nine years there and separating as the VP of FX trading. He later spent four years at TD as an FX trader and later, became a Director of FX Trading at CIBC between November 2009 and August 2003.

Other industry experiences of Portway include his time at the Singapore offices of SEB as a Senior FX Dealer and at Scotiabank as the Director of FX Trading.

Expanding Under a New Leadership

Finalto was acquired by Gopher for $250 million from Playtech, leading to a shuffle in the company's top management. Matthew Maloney, the CEO of Finalto Financial Services and Finalto Trading since February 2021, became the Group CEO of Finalto and replaced Ron Hoffman, who departed. Liron Greenbaum, the Group's Chief Operating Officer, also separated from the company after seven years. In January, Finato appointed Klelia Orphanidou as the new B2B Head of Regulatory Compliance.

Meanwhile, Finalto recently added a New York-based liquidity pool and data center, NY4, to its offerings to cut down the latency experienced by its global clients in receiving price quotes. On top of that, it is expecting to add an SG3 server in mid-2023.