After a Decade at CMC Markets, Richard Elston Joins Edgewater Affiliate EWMP

Wednesday, 29/04/2026 | 10:22 GMT by Tareq Sikder
  • Elston previously led CMC Markets Connect Middle East and IG institutional sales.
  • Recently, Matthew Maloney was named CEO and director of Edgewater Markets Group’s UK entity.
Richard Elston

Richard Elston has joined EWMP Management Consulting as a strategy consultant, according to a statement he shared on LinkedIn. EWMP is part of Edgewater Markets Group, which provides institutional liquidity and execution services, with a focus on metals and foreign exchange.

Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).

Elston previously spent more than a decade at CMC Markets. Most recently, he served as Head of CMC Markets Connect Middle East in Dubai. Prior to that, he was Group Head of Institutional in London for over nine years.

Elston Leads Edgewater Dubai Expansion

The Dubai platform is expected to expand across commercial, operational, and technology functions as it progresses through regulatory approval. The local entity is undergoing authorisation with the UAE’s Capital Markets Authority and is planned to become a fully integrated part of the group.

Matthew Maloney
Matthew Maloney, Source: LinkedIn

Earlier in his career, Elston held senior roles at IG Group and Saxo Bank. At IG, he was Head of Institutional Sales in London.

Before that, he spent more than six years at Saxo Capital Markets UK as Head of Institutional Sales. He joined Saxo Bank in 2006 as a senior sales manager covering Latin America and North America.

Edgewater Adds Maloney as Director

In a separate development within the group’s UK structure, Matthew Maloney is listed as a director and CEO of Edgewater Markets Group’s UK entity, reflecting his senior involvement in the group’s UK operations.

He previously spent ten years at Finalto Group, where he held management roles through a period of expansion from the CFH Clearing era into a global institutional business. Finalto said his tenure included navigating multiple market cycles and contributing to the firm’s long-term development before his departure in 2025.

Richard Elston has joined EWMP Management Consulting as a strategy consultant, according to a statement he shared on LinkedIn. EWMP is part of Edgewater Markets Group, which provides institutional liquidity and execution services, with a focus on metals and foreign exchange.

Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).

Elston previously spent more than a decade at CMC Markets. Most recently, he served as Head of CMC Markets Connect Middle East in Dubai. Prior to that, he was Group Head of Institutional in London for over nine years.

Elston Leads Edgewater Dubai Expansion

The Dubai platform is expected to expand across commercial, operational, and technology functions as it progresses through regulatory approval. The local entity is undergoing authorisation with the UAE’s Capital Markets Authority and is planned to become a fully integrated part of the group.

Matthew Maloney
Matthew Maloney, Source: LinkedIn

Earlier in his career, Elston held senior roles at IG Group and Saxo Bank. At IG, he was Head of Institutional Sales in London.

Before that, he spent more than six years at Saxo Capital Markets UK as Head of Institutional Sales. He joined Saxo Bank in 2006 as a senior sales manager covering Latin America and North America.

Edgewater Adds Maloney as Director

In a separate development within the group’s UK structure, Matthew Maloney is listed as a director and CEO of Edgewater Markets Group’s UK entity, reflecting his senior involvement in the group’s UK operations.

He previously spent ten years at Finalto Group, where he held management roles through a period of expansion from the CFH Clearing era into a global institutional business. Finalto said his tenure included navigating multiple market cycles and contributing to the firm’s long-term development before his departure in 2025.

About the Author: Tareq Sikder
Tareq Sikder
  • 2274 Articles
  • 41 Followers
About the Author: Tareq Sikder
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023. At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London. Education: Honours degree Information Technology, Anfell College, London
  • 2274 Articles
  • 41 Followers

More from the Author

Executives

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}