Zenfinex, Trading 212, Interactive Brokers and More: Executive Moves of the Week

Sunday, 14/05/2023 | 09:00 GMT by Tom Hazan
  • Executive moves that dominated the week's news.
Weekly Executive Roundup

Halfway through May and we see a drop in the number of executives recruited this week in the forex, crypto and fintech industries. Let’s review the executives that have taken on new roles and challenges in our executive moves roundup of the week.

Executive Moves of the Week

Zenfinex Onboards New Global Marketing Manager

Zenfinex has strengthened its marketing team with the hiring of Maria Meramveliotaki as the new Global Marketing Manager.

Meramveliotaki joined the London-headquartered broker from TopFX, where she was the Head of Marketing. She left TopFX after spending about six years at the broker.

The appointment was made when Zenfinex is expanding aggressively expanding its global presence. Last November, the broker obtained a license from Dubai Financial Services Authority (DFSA), adding to its existing authorization in the United Kingdom, Seychelles, and Sierra Leone. In addition, it made a few key hires while its CEO of MENA departed.

Trading 212 Chief Compliance Officer Departs

Darren Dale, the Group Chief Compliance Officer at Trading 212, has departed only after nine months of joining the brokerage.

Dale is a seasoned compliance expert, bringing around 17 years of industry experience to his new role. He joined Trading 212 last September from the London office of ADSS, where he was the Head of Compliance & MLRO for four years. Additionally, he spent five months at FXCM as the Deputy Head of Compliance for the UK and EU, and a couple of years at Cornhill Capital as the Head of Group Compliance. Moreover, he was the Head of Compliance at London-based City Credit Capital for seven months.

Compliance: Interactive Brokers Taps SVB Exec; Amana’s Leaves for Xenfin

Two financial industry executives have found new homes at Interactive Brokers and Xenfin Capital. Beth Beam, a former Senior Director of Sanctions Compliance at the failed US bank, Silicon Valley Bank (SVB), joined Interactive Brokers as the Global Head of Sanctions Compliance. On the other hand, Patrick Lindsay left the role as the Director & Head of Compliance at Amana Financial Services UK to join the electronic forex market maker, Xenfin Capital, as the Compliance Director.

Both executives announced their new appointments through LinkedIn. While Beam joined the popular American electronic trading platform after nearly seven years at SVB, Lindsay left Amana Capital’s UK subsidiary after just over five years. However, both parties bring decades of experience to their roles, with the former boasting of about two decades and the latter more than three decades.

Learn more about Interactive Brokers and Xenfin Capital hiring Beth Beam and Patrick Lindsay, respectively.

Nandik Barbhaiya Joins The Portfolio Platform as CMO

Nandik Barbhaiya has joined London-based The Portfolio Platform as the new Chief Marketing Officer (CMO). He joined the new company after spending eleven months at Moneyfarm as the Interim CMO.

The Portfolio Platform offers a subscription-based service, allowing retail traders to copy the trading strategies of other expert traders. However, the platform executes the traders on other brokerage platforms.

Discover more about The Portfolio Platform recruiting Nandik Barbhaiya as its new Chief Marketing Officer.

Tap Global Names New CEO

Tap Global Group Plc (AQSE: TAP) announced the appointment of Kriyakant Patel as the new CEO, effective from 12 June.

Patel is an experienced fintech executive who previously held top roles in many companies. Most recently, he was the CEO at Transact Payments Limited after spending years as the COO at Newcastle Card Solutions, an Advisory Board Member of The Payments Association, and Chair of the Gibraltar E-Money Association.

"Tap has continued its impressive growth through the various challenges in the wider crypto environment and is, in my view, uniquely placed to benefit from the significant opportunities in European markets and beyond by focussing on a customer-driven product need, whilst maintaining its regulated and security-first approach," Patel said.

Oval Money’s Daniel Gladding Joins eToro as Chief Risk Officer

Daniel Gladding, the Group Chief Risk Officer at Oval Money, has joined eToro in the same role. Gladding announced his appointment at the UK branch of the Israeli social trading network on Tuesday through LinkedIn.

The senior executive is the latest former staff at Oval Money and OvalX to take up new roles at other trading firms after the brokerage shut down its operations in March and sold its client books to rival Capital.com. Gladding brings nearly two decades of experience to the new role at eToro.

Read more about Daniel Gladding joining eToro as the Chief Risk Officer.

XS.com Bolsters Management with New Chief Commercial Officer

XS.com has continued its hiring spree with the latest addition of Wael Hammad as the Chief Commercial Officer.

Hammad brings over a decade of industry experience to the new roles and previously worked extensively in Middle East-centric roles. At XS.com, he is responsible for driving the company’s revenue growth globally by developing and implementing commercial strategies. He will oversee revenue-generating activities, including sales.

Find out more about Wael Hammad being onboarded as the new Chief Commercial Officer.

Halfway through May and we see a drop in the number of executives recruited this week in the forex, crypto and fintech industries. Let’s review the executives that have taken on new roles and challenges in our executive moves roundup of the week.

Executive Moves of the Week

Zenfinex Onboards New Global Marketing Manager

Zenfinex has strengthened its marketing team with the hiring of Maria Meramveliotaki as the new Global Marketing Manager.

Meramveliotaki joined the London-headquartered broker from TopFX, where she was the Head of Marketing. She left TopFX after spending about six years at the broker.

The appointment was made when Zenfinex is expanding aggressively expanding its global presence. Last November, the broker obtained a license from Dubai Financial Services Authority (DFSA), adding to its existing authorization in the United Kingdom, Seychelles, and Sierra Leone. In addition, it made a few key hires while its CEO of MENA departed.

Trading 212 Chief Compliance Officer Departs

Darren Dale, the Group Chief Compliance Officer at Trading 212, has departed only after nine months of joining the brokerage.

Dale is a seasoned compliance expert, bringing around 17 years of industry experience to his new role. He joined Trading 212 last September from the London office of ADSS, where he was the Head of Compliance & MLRO for four years. Additionally, he spent five months at FXCM as the Deputy Head of Compliance for the UK and EU, and a couple of years at Cornhill Capital as the Head of Group Compliance. Moreover, he was the Head of Compliance at London-based City Credit Capital for seven months.

Compliance: Interactive Brokers Taps SVB Exec; Amana’s Leaves for Xenfin

Two financial industry executives have found new homes at Interactive Brokers and Xenfin Capital. Beth Beam, a former Senior Director of Sanctions Compliance at the failed US bank, Silicon Valley Bank (SVB), joined Interactive Brokers as the Global Head of Sanctions Compliance. On the other hand, Patrick Lindsay left the role as the Director & Head of Compliance at Amana Financial Services UK to join the electronic forex market maker, Xenfin Capital, as the Compliance Director.

Both executives announced their new appointments through LinkedIn. While Beam joined the popular American electronic trading platform after nearly seven years at SVB, Lindsay left Amana Capital’s UK subsidiary after just over five years. However, both parties bring decades of experience to their roles, with the former boasting of about two decades and the latter more than three decades.

Learn more about Interactive Brokers and Xenfin Capital hiring Beth Beam and Patrick Lindsay, respectively.

Nandik Barbhaiya Joins The Portfolio Platform as CMO

Nandik Barbhaiya has joined London-based The Portfolio Platform as the new Chief Marketing Officer (CMO). He joined the new company after spending eleven months at Moneyfarm as the Interim CMO.

The Portfolio Platform offers a subscription-based service, allowing retail traders to copy the trading strategies of other expert traders. However, the platform executes the traders on other brokerage platforms.

Discover more about The Portfolio Platform recruiting Nandik Barbhaiya as its new Chief Marketing Officer.

Tap Global Names New CEO

Tap Global Group Plc (AQSE: TAP) announced the appointment of Kriyakant Patel as the new CEO, effective from 12 June.

Patel is an experienced fintech executive who previously held top roles in many companies. Most recently, he was the CEO at Transact Payments Limited after spending years as the COO at Newcastle Card Solutions, an Advisory Board Member of The Payments Association, and Chair of the Gibraltar E-Money Association.

"Tap has continued its impressive growth through the various challenges in the wider crypto environment and is, in my view, uniquely placed to benefit from the significant opportunities in European markets and beyond by focussing on a customer-driven product need, whilst maintaining its regulated and security-first approach," Patel said.

Oval Money’s Daniel Gladding Joins eToro as Chief Risk Officer

Daniel Gladding, the Group Chief Risk Officer at Oval Money, has joined eToro in the same role. Gladding announced his appointment at the UK branch of the Israeli social trading network on Tuesday through LinkedIn.

The senior executive is the latest former staff at Oval Money and OvalX to take up new roles at other trading firms after the brokerage shut down its operations in March and sold its client books to rival Capital.com. Gladding brings nearly two decades of experience to the new role at eToro.

Read more about Daniel Gladding joining eToro as the Chief Risk Officer.

XS.com Bolsters Management with New Chief Commercial Officer

XS.com has continued its hiring spree with the latest addition of Wael Hammad as the Chief Commercial Officer.

Hammad brings over a decade of industry experience to the new roles and previously worked extensively in Middle East-centric roles. At XS.com, he is responsible for driving the company’s revenue growth globally by developing and implementing commercial strategies. He will oversee revenue-generating activities, including sales.

Find out more about Wael Hammad being onboarded as the new Chief Commercial Officer.

About the Author: Tom Hazan
Tom Hazan
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Coming from a background in English Education, Tom joined Finance Magnates in Autumn 2020, originally as a Content Specialist and Proofreader in his first year. Having completed three successful years with the FM News desk, he has since worked with the team as both an editor and a proofreader. Previously, he spent almost two decades in the field of education, working around the globe at different institutions and companies, which has influenced him considerably after being immersed in various cultures and business environments. Now fully developed in this field, he is relishing the challenge of constantly adapting to the ever-changing fintech industry and all the developments that arise. He holds a bachelor's degree in Marketing and a higher diploma in English Teaching from Cambridge University.

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