ThinkMarkets CFO Harshad Kale Departs after 9 Years

Harshad Kale has parted from the Australia-headquartered forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs broker, ThinkMarkets, as its long-running Chief Financial Officer. After spending almost nine years at the company, he parted from the brokerage firm.

Recently, he joined Cavendish Renewable Technology, a renewable energy firm producing 'green hydrogen', as the CFO, according to his Linkedin profile.

Kale is a certified Chartered Accountant from India and has received similar recognition in Australia and New Zealand. In addition, he obtained a CPA certificate in Australia. He is a financial industry veteran with two decades of experience.

Over the years, he has worked in the finance department of a diverse set of companies, including the broker. Initially, he worked at Muscat-based Khimij Group as a Finance Manager. Later, he moved to Australia to become a Project Analyst at the National Australia Bank for nine months. He further worked as a Financial Controller at CHS Group and the law firm, Rockwell Olivier.

A Big FX and CFDs Brand

Kale had led the financial department of ThinkMarkets since 2014 when the broker went through significant changes and made major business decisions. He saw the broker rebranding from ThinkForex and its expansion outside its home turf, Australia.

The broker acquired a regulated Japanese forex firm in 2021 and officially launched services in the country earlier this year. On top of that, media reports in 2020 suggested the plans to take the broker public. However, no other developments around the matter came after.

The Melbourne-headquartered broker is now focused on expanding its European operations and has onboarded several vital employees for its Cypriot operations, including Chantelle Lea as the Marketing Manager. The broker promoted Alexander Kolchev to Chief Technology Officer last month when it focused on enhancing its proprietary technology.

Meanwhile, the UK arm of ThinkMarkets generated 16 percent higher profits in fiscal 2021, despite a 38 percent decline in annual turnover, Finance Magnates reported. It expects further growth in core and new markets with improved “client numbers, client deposits and trade volumes.”