ZenFinex Appoints Matthew Wright as Group CEO

UK-headquartered ZenFinex, which calls itself a ‘boutique brokerage’, has appointed Matthew Wright as the new Group Chief Executive Officer. Wright has already joined the broker at the apex position, according to his Linkedin profile.

“I’ve taken the role of Group CEO with a remit to work with the founders to drive this exciting startup to the next stage,” Wright told Finance Magnates. “We have exciting plans, and I can’t wait to see where we can go.”

He has replaced ZenFinex's founder Nick Cooke, who previously held the position of Group CEO. Cooke will continue to sit at the board of the broker and will now focus on strategic vision and executing strategy across global entities.

Wright comes with extensive experience in the trading industry. He held several other leadership roles and is skilled in handling Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, proprietary trading, foreign exchange (FX) options, and options.

Before joining ZenFinex, Wright was the CEO at the London-based CFDs and financial spread betting broker, Capital Index for almost four years. He resigned from that post last July that has been recently filled by its previous Head of Operations, Trevor Barwell.

Additionally, Wright was the CEO at Destek Markets UK for a brief 12 months period. His most prominent experience was at GAIN Capital’s 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.com, where he spent almost nine long years as the Chief Operating Officer for the EMEA region.

"We are delighted that Matt has joined our team as Group CEO," Cooke told Finance Magnates. "Matt's excellent reputation and industry experience speaks for itself and I am sure that he will be a fantastic addition as we head into our next phase of growth. His vision very much aligns with the Board and I look forward to working closely with him to execute our plan."

Time for Expansion

His appointment at ZenFinex’s apex position came at a crucial time when the broker is planning for international expansions.

Earlier, Nick Cooke, the Founder of ZenFinex, revealed the brokerage’s plan to enter markets in Asia and the Middle East. It has already applied for regulatory licenses from multiple jurisdictions.

Meanwhile, the broker is investing heavily in technology and infrastructure as it wants to run on a ‘personal technology systems and process designs’ model. Last year in August, the FCA-regulated broker raised £5 million in a Series A funding round.