ActivTrades has officially brought Matteo Paganini on board as its Group Chief Commercial Officer, the FX and CFD brokerage announced today (Thursday). Paganini, an industry veteran with two decades of expertise in currencies, market making, and risk management, joins ActivTrades after a series of high-profile roles within the CFD sphere.

ActivTrades Elevates Matteo Paganini to Group Chief Commercial Officer

In his new role, Paganini is set to spearhead ActivTrades' global strategy and drive the group's expansion, focusing on revenue growth, sales and marketing strategy, and the exploration of new market opportunities. His oversight will also extend to the optimization of corporate processes and operations, aiming to deliver cutting-edge and exceptional services to traders.

Paganini's career highlights include leadership positions at Admirals for Europe and Pepperstone for Italy and Spain, alongside a foundational role in establishing Salex S.p.A, Italy's first FX broker, and managing FXCM's Italian division and its market analysis team.

"His experience, knowledge and talent make him an excellent asset for the whole Group and his contribution will help ActivTrades to further develop and grow while always providing a superior service to its clients," Alex Pusco, the CEO of ActivTrades, commented.

Under Paganini's guidance, ActivTrades plans to introduce new products, including a “New Investor Profile Account”, offering zero commissions and swaps on CFDs on Stocks and ETFs. These advancements are part of a broader effort to enhance the trading experience on the proprietary ActivTrader platform.

The last time ActivTrade reported on more significant changes in C-Level employment was towards the end of last year, when it promoted Vikesh Kumar Purohit to Head of UK and DACH Markets. Purohit received the promotion after spending more than three years with the brokerage. He joined ActivTrades in October 2019 as a senior account manager. In addition, he spent about three years with the broker in a sales-related role between October 2014 and August 2017.

Financial Leap and Regulatory Milestones for ActivTrades

Established in 2001, ActivTrades has emerged as a popular FX and CFD trading brand, extending its services to retail and institutional clients.

The financial year 2022 was a landmark for ActivTrades, as the firm saw a substantial surge in both profits and revenues and expanded its regulatory footprint. The company's financial statements revealed an impressive profit of £16.3 million on revenues amounting to £50.2 million, representing a significant year-on-year growth.

The revenue jumped over 50%, a notable increase from the £33.4 million reported in 2021. The firm also reported a pre-tax profit of £19.3 million, a considerable climb from the preceding year's £4.1 million.

Further bolstering its global presence, ActivTrades secured two additional brokerage licenses last year: Brazil and Portugal.