FTMO Strengthens Brokerage Division: Hires Riana Chaili as COO

Riana Chaili has confirmed her new role as Chief Operating Officer at the brokerage division of FTMO. She is the second major hire by the Czech prop trading company, which earlier this year appointed Michael Kamerman as the CEO of its newly established brokerage division.

Similar to Kamerman, Chaili brings extensive experience from the forex and contracts for differences (CFDs) industry.

A Seasoned Brokerage Executive

Most recently, she served as EMEA CEO of 26 Degrees, based in its Cyprus office. She left the company earlier this year after spending nearly four years there. Her departure coincided with that of Lochlan White, who later joined one of 26 Degrees’ competitors.

Finance Magnates reported that 26 Degrees is considering surrendering its Cyprus licence. However, the company confirmed it will continue operating its Limassol office as a branch to support its international activities.

Before joining 26 Degrees, Chaili worked at IC Markets as Chief Dealer and Head of RTO for three years and two months. Earlier in her career, she spent over five years at TechFinancials, holding roles as Head of Brokerage and Dealer.

FTMO’s “Long-Term Strategy”

Meanwhile, FTMO, a leading prop trading firm, has yet to disclose details about its new brokerage division. The jurisdiction where it plans to obtain a licence also remains unclear. However, with these two significant hires, the company appears poised to launch its brokerage services, which it has identified as part of its “long-term strategy.”

While FTMO is expanding into brokerage, it continues to dominate the prop trading niche. As reported earlier by Finance Magnates, the Czech company generated over $213 million in turnover in 2023, marking a 20 percent year-over-year increase.