"Joint Decision" Sees COO Conor O'Driscoll Depart From FxPro

Finance Magnates can confirm that Conor O’Driscoll has left his role at forex broker FxPro.

According to the retail broker’s Companies House page, O’Driscoll ceased to be a director with the firm on the 13th of August. The requisite filing was uploaded to FxPro’s profile page on Wednesday.

Finance Magnates reached out to FxPro for comment on O’Driscoll’s departure. The firm was fairly ambiguous in its response, noting only that it was “a joint decision” between O’Driscoll and the firm.

Being the respectable journalists that we are, we also reached out to O’Driscoll for comment. Unfortunately for us, O’Driscoll did not respond to our request.

Given his career thus far, it seems likely that O’Driscoll will move on to a senior executive position. The reason for this being that he spent the last year and a half with FxPro as the retail broker’s Chief Operating Officer (COO) and deputy Chief Executive Officer (CEO).

Conor O'Driscoll - moving up the ranks

In fact, O’Driscoll has moved up the ranks of the retail industry at an extremely fast pace. Having graduated from University College Dublin in 2008, he spent the next three years working in management positions for Pan-Index and BAXTER Financial Services.

In 2012, he joined the firm that he has just left - FxPro. In his first couple of years with the firm, O’Driscoll worked as an FX dealer. From there he progressed to become Assistant Chief Dealer.

Following this, in early 2016, O’Driscoll worked on FxPro’s now-shelved plans to launch an initial public offering (IPO). The retail broker put those plans on hold after the Financial Conduct Authority, the UK's financial regulator, began to put pressure on contracts for difference brokers.

Having worked on the IPO, O’Driscoll was then promoted, in January of 2017, to his most recent role. As deputy CEO and COO, O’Driscoll was responsible for an array of activities, including regulatory Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, new product launches and improvements to customer service.