FINRA, Trading 212, EToro And More: Executive Moves Of The Week

This week has been a little less exhilarating than our last executive moves roundup for the forex, crypto, and fintech sector appointments, highlighting a shift in the financial technology environment.

Key financial industry appointments this week include Feral Talib as FINRA’s Executive VP for Surveillance, Fabian Frantz as Business Development Director at XS.com, Sina Mostafavi joining Trading 212 Group’s board, and Massimo Citoni becoming eToro’s Italy Regional Manager. In addition, IG North America has Isaac Poore as CFO and Jordan von Kluck as Regional CTO, ClearBank appoints Megan Cooper as CPO, Haris Loucaides takes the role of CFO at Amana, and Arianne Adams becomes Webull’s CSO. These moves highlight the dynamic changes in the financial sector.

Immerse yourself in these significant forex, crypto, and fintech executive moves in our detailed weekly roundup, highlighting the interesting landscape of financial technology executive moves.

FINRA Taps Ex-BNP Paribas Executive for Top Surveillance Role

The Financial Industry Regulatory Authority (FINRA) has announced the appointment of Feral Talib as its new Executive Vice President and Head of Surveillance and Market Intelligence, effective January 2, 2024. In his role, Talib will lead FINRA’s market surveillance program, responsible for monitoring trading activity across equities, options, and fixed-income markets to detect potential violations. His mandate includes exploring innovative and technological approaches to enhance FINRA’s surveillance capabilities.

Talib brings a wealth of experience, having previously served as the Global Head of Market Surveillance at BNP Paribas Group, where he oversaw surveillance operations in 64 countries. He also held various surveillance leadership positions at BNP Paribas Corporate and Institutional Banking and managed the Market Surveillance and Investigations group at Goldman Sachs. At FINRA, he will report directly to Stephanie Dumont, the Executive Vice President and Head of Market Regulation and Transparency Services.

Discover more about Feral Talib’s appointment and the implications for FINRA’s surveillance capabilities in the evolving financial landscape.

XS.com Boosts South African Operations, Appoints Business Head

XS.com, the global financial services company, has elevated Fabian Frantz to the position of Business Development Director for South Africa. This strategic move aims to strengthen the company’s foothold in the South African market. In his new role, Frantz will lead initiatives to expand XS.com’s client base and tailor its offerings to the unique dynamics of the South African market. Reporting directly to Chief Commercial Officer Wael Hammad, Frantz brings a wealth of experience in fostering partnerships and devising market-specific strategies.

According to Wael Hammad, Frantz’s expertise is pivotal in enhancing XS.com’s presence in South Africa. The company envisions South Africa as a vital component of its global expansion strategy and seeks to leverage Frantz’s insights into the local business landscape to identify growth opportunities. Fabian Frantz expressed his enthusiasm for this role, emphasizing his commitment to innovative expansion strategies, strengthening customer relationships, and delivering value to the South African market.

Display more about XS.com’s expansion plans and how Fabian Frantz’s appointment will impact the company’s growth in South Africa.

Sina Mostafavi, Non-Executive Board Member at Trading 212 Group Ltd

Trading 212 Group Expands Board: Adds Sina Mostafavi as the Newest Non-Executive Member

London-based Trading 212 Group Ltd has welcomed Sina Mostafavi as a Non-Executive Director, a move aimed at further strengthening its board. Mostafavi’s appointment comes as Trading 212 Group, which oversees the Trading 212 brand’s subsidiaries, continues to evolve its leadership team. The current board includes prominent figures such as Ivan Ashminov and Borislav Nediaklov, who are co-founders of the brand, along with Andrew Bole, Mukid Chowdhury (CEO of the brand), and George Mantilas (COO).

Trading 212’s UK business remains a significant revenue driver, reporting over £98.7 million in revenue in the last year. However, the brand’s other entities collectively generated £16.2 million in annual revenue in 2022. Mostafavi, who has prior experience as a Non-Executive Director at Trading 212’s Swedish entity, brings a wealth of expertise to his new role. His extensive board memberships span Aktieinvest, Söderberg & Partners, Roslagens Sparbank, and more, reflecting his commitment to the financial industry.

In addition to his board roles, Mostafavi has a robust executive background, having held positions at various financial services brands. His experience includes roles such as Interim Head of Anti Financial Crime and Store Support at Forex Bank and CEO at Aktie-Ansvar. Mostafavi’s impressive track record in financial services, along with his extensive board involvement, makes him a valuable addition to Trading 212 Group’s leadership team.

Reveal more about Sina Mostafavi’s role and contributions to Trading 212 Group’s strategic vision and growth.

etoro

eToro’s Expansion in Italy: New Regional Manager Takes the Helm

eToro is reinforcing its position in Italy with the appointment of Massimo Citoni as the new Regional Manager. Citoni, who initially joined eToro as an Account Manager in 2015, has risen through the ranks, recently assuming the role of Head of the Italian Desk in 2023. His primary mission is to further solidify eToro’s presence in the Italian market, a task for which he’s well-prepared, according to Etay Cohen, Chief Customer Officer at eToro, who praised Citoni’s exceptional track record and deep understanding of the Italian customer base.

Citoni’s responsibilities encompass a wide spectrum, including nurturing strategic partnerships with local entities, overseeing marketing initiatives, and enhancing customer retention efforts. This strategic alignment aims to enhance the experience for both Italian clients and members of the eToro Club. Meanwhile, eToro’s global expansion efforts continue to gather momentum, with the recent acquisition of a full license from the Abu Dhabi Global Market, allowing the platform to strengthen its presence in the MENA region and offer a broader range of services.

Investigate more about eToro’s Italian expansion and its strategic moves in the global financial and sports arenas.

IG North America Bolsters Leadership: Names Poore CFO, Kluck Regional CTO

IG North America, the parent company of tastytrade, has announced significant changes in its leadership. Isaac Poore has assumed the role of CFO, succeeding Matt Hellmuth in this key position. Concurrently, Jordan von Kluck, formerly the CTO at tastytrade brokerage, now serves as the Regional CTO for North America, overseeing technology initiatives across the organization. JJ Kinahan, CEO at IG North America and President of tastytrade, emphasized the company’s commitment to nurturing internal talent to drive innovation and enhance customer satisfaction.

These leadership transitions coincide with the impending retirement of Linwood Ma, the current Regional CTO. Notably, IG North America’s restructuring follows a year of substantial growth marked by the rebranding of the tastylive network and tastytrade brokerage. Additionally, IG Group’s global workforce has seen changes, including the departure of CEO Robert van Eyden in South Africa, as part of the company’s broader initiative to reduce its global workforce by 10%.

Find out more about IG North America’s leadership changes and the company’s strategic developments in the evolving landscape of online retail brokerage.

Andrew Wood, Institutional Sales Manager at IG Prime

IG Prime Strengthens APAC Team by Hiring Andrew Wood from CMC

IG Prime, the institutional arm of IG Group (LON: IGG), is bolstering its presence in the Asia-Pacific (APAC) region with the appointment of Andrew Wood as the new Institutional Sales Manager. Wood, an industry veteran with over two decades of experience, has joined IG Prime’s Sydney office. This move comes as IG Prime continues to expand its institutional services, offering technology, platforms, products, and exchanges in nineteen countries worldwide.

Andrew Wood brings a wealth of experience to his role, having previously served as the Head of Institutional Sales APAC at CMC Markets. During his tenure at CMC Markets, Wood played a pivotal role in developing institutional business in the APAC region, catering to API, white labels, advisory brokers, and funds. IG Prime’s move to bring him on board signals its commitment to strengthening its APAC team and enhancing its offerings in the institutional space.

In the broader context, IG Group, known for its retail services, has been steadily growing its institutional services, culminating in the launch of the IG Prime brand in 2020. Additionally, IG Group recently announced Breon Corcoran as its incoming CEO, a move that underscores the company’s commitment to leadership changes and continued expansion in the financial industry.

Identify more about IG Prime’s expansion and the significance of Andrew Wood’s appointment in the institutional finance sector.

Immerse yourself in these significant forex, crypto, and fintech executive moves in our detailed weekly roundup, highlighting the interesting landscape of financial technology executive moves.