Alex Howard Departs from Eightcap

Alex Howard, who joined Eightcap as its CEO in early 2023, has left the company. According to his LinkedIn profile, he held the role of Managing Director of Regulated Markets before departing from the broker’s Melbourne office.

It remains unclear whether he is joining another company.

Eightcap has not yet publicly named a replacement for Howard.

Shuffle in the Top Role

Howard replaced Joel Murphy, the founder of Eightcap, when he took over the top role in January 2023. Murphy, however, remains associated with the broker as a Non-Executive Chairman.

Before joining Eightcap, Howard was at StoneX, where he was Head of Retail for the Asia-Pacific region. Initially, he served as Senior Vice President and Managing Director for APAC at GAIN Capital, which StoneX acquired for $236 million in mid-2020.

He entered the industry in 2006 with a role at BGC Partners, which has since been rebranded as BGC Group.

His most significant industry experience was at IG. He joined the London-headquartered broker as Head of Operations in September 2010 and stayed in that role for a couple of years. Later, he became a Vice President at IG and was promoted to Head of IG, Japan. He left IG in March 2018 as Head of Asia Pacific.

Changes and Expansion

Also, Eightcap's former Latin America Commercial Director Carlos Cadavid also left and joined competitor ThinkMarkets.

The departure follows Cadavid's exit in July after four years as Commercial Director for Latin America. Cadavid has since joined ThinkMarkets as Head of LATAM, bringing his regional expertise to the rival trading platform.

At his new role, he leads ThinkMarkets' regional growth strategy and works on building partnerships with introducing brokers, educators and fintech companies across Latin America.

Before joining Eightcap, Cadavid co-founded Core Liquidity Markets in Chicago, where he spent over a decade building a brokerage focused on forex and CFD markets. His industry experience spans relationship development, business expansion and regulatory compliance across emerging markets.

Meanwhile, Eightcap recently promoted Michael Clifton-Jones as its new Group Chief Commercial Officer. The broker also onboarded Neil Emmerson as its Head of UK Trading Risk earlier this month.

FinanceMagnates.com earlier reported that Eightcap has quietly obtained a Dubai regulatory licence that allows it to offer financial consultation and operate as an introducing broker. However, the broker has not yet revealed its plans under the new licence.

Read more on Eightcap:

• Eightcap Names New Head of UK Trading Risk After Roles at CMC Markets, IG
• Eightcap Promotes Michael Clifton-Jones as the Group Chief Commercial Officer
• Exclusive: Eightcap Secures a New Dubai License