Oval Money, Nomura, FTX US and More: Executive Moves of the Week

As we close the month of September, the number of new executive roles drops this week as the digital winter takes effect on the Forex, Crypto and Fintech universe. Let’s review the executives that have taken on new roles and challenges in our executive moves roundup of the week.

Luca Merolla Replaces Philip Adler as Oval Money CEO

Oval Money has named Luca Merolla as the new Chief Executive Officer. Previously, he joined the firm in October 2020 as a Non-Executive Director.

There are two brands operating under the Oval Money umbrella: one is Oval and the other is the forex and CFDs brokerage brand, OvalX, previously known as ETX Capital.

Merolla, who will head both brands, is replacing Philip Adler who held the apex position in the company even before its rebranding. He first took over as the CEO of ETX Capital (now OvalX) in July 2020 and was the Co-CEO of the broker before.

Discover more about Luca Merolla replacing Philip Adler as the CEO of Oval Money.

Nomura Names Patrick Eltridge as New Group CIO

Nomura Holdings announced on Thursday the appointment of Patrick Eltridge as the new Group Chief Information Officer (CIO). He will assume the Tokyo-based role on October 1.

In the new post, Eltridge will drive the Japanese financial holding company’s group-wide IT organizations.

Learn more about Patrick Eltridge being selected as the new Group CIO at Nomura.

Sales Veteran Ian Daniels Leaves Nomura for BGC Partners

Ian Daniels has joined BGC Partners recently as the Global Head of Fenics NDF, according to a Linkedin update.

BGC Partners is a Nasdaq-listed company (Nasdaq: BGCP) that provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information and other back office services.

Find out more about Ian Daniels exiting Nomura and becoming a part of BGC Partners.

Brett Harrison Quits as FTX US’ President, Moves into Advisory Role

Brett Harrison announced on Tuesday that he was stepping down from his position.

His resignation comes amidst the expansion efforts of FTX US which just won the bid to acquire Voyager Digital with $1.4 billion.

Harrison noted that until he shares his next move, he will remain busy supporting the CEO, Sam Bankman-Fried, and the team with his transition, ending the year well.

Read more about Brett Harrison quitting FTX as its President of US and moving into an advisory role.

Marilu Revelli Joins GCEX as Marketing Director

In a LinkedIn post Marilu Revelli announced that she has joined GCEX as the company’s Marketing Director.

In her new role, Revelli will be concerned with the marketing activities of GCEX. Additionally, she will facilitate the company’s expansion across different regions.

The latest appointment news came almost two months after GCEX announced its expansion in the MENA region and hired Mehtap Önder as the Managing Director of MENA.

Discover more about GCEX onboarding Marilu Revelli as the new Marketing Director.

Thomas Heyden Becomes CEO of The Trading Pit’s Liechtenstein Headquarters

In an official announcement on 26 September, The Trading Pit confirmed that it has appointed Thomas Heyden as the Chief Executive Officer (CEO) of its Liechtenstein Headquarters.

Heyden has extensive expertise in highly regulated financial markets around the world. Previously, he managed HS Financials, a private asset management firm, over more than 15 years. Through the appointment of Heyden, the Trading Pit is planning to expand its presence.

Learn more about Thomas Heyden being appointed as the CEO of The Trading Pit's headquarters in Liechtenstein.

Exclusive: Filippo De Rosa Joins HonorFX as CEO

Filippo De Rosa has become the Chief Executive Officer of HonorFX, Finance Magnates learned exclusively. He joined the broker earlier this year and is based in Dubai.

HonorFX is a multi-regulated broker licensed in Malaysia, Mauritius and St. Vincent and The Grenadines. Under De Rosa’s leadership, the broker will prioritize gaining additional regulatory licenses.

Find out more about our exclusive as Filippo De Rosa joined the ranks of HonorFX as the new CEO.