Rostro Appoints John Murphy as CRO of Scope Markets after Acquisition

Friday, 13/01/2023 | 15:25 GMT by Solomon Oladipupo

Rostro announced the complete take over of Scope Markets on Monday.

In Africa, Scope Markets' Janet Gikonyo's HR duties now cover both Kenya and Nigeria.

Rostro Appoints John Murphy as CRO of Scope Markets after Acquisition — John Murphy is the new Chief Revenue Officer (CRO) of Scope Markets

Rostro Financials Group has appointed John Murphy, its Group Head of Retail Operations, as the new Chief Revenue Officer of Scope Markets. Murphy disclosed his appointment on Friday on LinkedIn.

The executive, who brings about 15 five years of forex industry experience to the role, has worked in senior roles for top forex and CFD brokers, such as OANDA, Alpari (UK) Limited and FXCM.

Murphy’s appointment comes a few days after Rostro announced that it has completed the acquisition and taken full control of forex and CFD broker Scope Markets. Additionally, Rostro disclosed that its management team assumed control of the combined business on January 7.

Talks on the acquisition of Scope Markets by Rostro started in 2021 and both parties agreed on the acquisition in February last year.

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Rostro Expands Janet Gikonyo’s HR Role in Africa

Meanwhile, in Africa, Rostro has tapped Janet Gikonyo, who has been the Head of Human Resources and Administration at Scope Markets Kenya since August 2020, to lead the HR teams of the online broker's offices in both Kenya and Nigeria.

Gikonyo, who also announced her appointment on LinkedIn on Friday, brings about 10 years of HR experience to the expanded role. Before joining Scope Market, the HR professional was the Human Resource and Administration Manager at China Jiangsu International Economic Technical Cooperation Group.

Scope Markets Targets MENA/Asia Expansion

As an online forex and CFD broker, Scope Markets is active in several jurisdictions where it is licensed. These include countries such as Cyprus, Belize, Mauritius, South Africa and Kenya.

However, in a statement released on Monday, Rostro said it was considering establishing Scope Markets’ presence in the Middle East and North Africa and in the wider Asian regions. The company noted that it has engaged third parties to consider this prospect.

“Rostro Group intends to continue with the organic growth of the enlarged business and remains open to further acquisitions,” the Group said in a statement shared with Finance Magnates.