The number of executive moves, appointments, promotions, and departures skyrocketed this week, mainly from the forex, fintech, cryptocurrency, digital banking, and financial consultancy space.
This week saw an upsurge in executive moves, appointments, departures, and promotions across multiple sectors. Major moves were experienced in the forex, fintech,
cryptocurrency, digital banking, and financial consultancy space.
MultiBank Group's Chief Development Officer Ruslan
Abuzant exited the firm; Former CFDs CEO joined BlockFills as UAE GM; Nium
tapped Spencer Hanlon as Chief Operating Officer to drive its global expansion;
Binance FZE's General Manager Alex Chehade will exit after two Years; XTX Markets
welcomes the Former Barclays CEO as Director.
Elsewhere, Finom named ex-Revolut executive as Sales
Chief; Capital.com onboarded Campbell MacPherson as CEO for Australian
operations; the 3-month-old liquidity provider hired ex-M4Markets executive as CEO;
Stephen Williams switched from IG to Capital.com after six years; amana tapped
Jack Saidy as Director of Operations for Lebanon; Delta Capita brought London
Stock Exchange Veteran as New CFO.
Check out our executive move segment for this week, as we bring to you highlights from notable industry appointments,
departures, and promotions.
Executive Moves of the Week
MultiBank Group's Chief Development Officer Ruslan
Abuzant Departs
MultiBank Group's Chief Development Officer Ruslan
Abuzant stepped down after serving for two years in the company. Abuzant joined
the group in 2022 and has held several roles, including Head of Information
Technology, Head of Product Development, Chief Strategy Officer, and Chief
Development Officer.
Ruslan Abuzant, Source: LinkedIn
Commenting about his departure, Abuzant said:
"After two incredible years, today I announce my departure from Multibank.
It has been an honor to be part of such a dynamic and dedicated team. I am
immensely grateful for the opportunity to meet and work alongside each and
every one of you." MultiBank offers a range of online trading financial
products, including forex, commodities, and CFDs.
Demetrios Zamboglou joined BlockFills as the General
Manager for the UAE operations. Zamboglou, who held executive positions in
multiple forex and contracts for differences (CFDs) brokers, has assumed the
Dubai-based role. His most recent role was serving as the Group Chief Executive
Officer at Doto, a Cyprus-based FX and CFDs broker.
Demetrios Zamboglou, the General Manager for UAE at BlockFills
He was also the Group Chief Operating Officer at CFI
Financial Group for a couple of years. BlockFills offers digital asset trading,
technology, and liquidity solutions. Recently, the firm integrated Centroid
Solutions' institutional-grade connectivity platform, Centroid Bridge, to offer
brokers and institutional clients a centralized environment for price
management, execution, and comprehensive reporting.
Nium Taps Spencer Hanlon as Chief Operating Officer to
Drive Global Expansion
Cross-border payment firm Nium onboarded Spencer
Hanlon as its Chief Operating Officer (COO). Hanlon, who was previously
instrumental in expanding Nium's travel business, will oversee the scaling of
the company's operations globally. His extensive experience includes leadership
roles at British Airways and AirPlus International. Hanlon will succeed Pratik
Gandhi.
Spencer Hanlon, Source: LinkedIn
Commenting about the changes, Prajit Nanu, the Founder
and CEO of Nium mentioned: "Spencer has been an integral part of Nium for
the past three years, demonstrating exceptional cross-functional leadership and
a deep understanding of what it takes to scale. Appointing Spencer to COO was a
natural decision. His vision and dedication have been invaluable to our
success, and I am confident that under his leadership, we will continue to
achieve outstanding results."
Binance FZE General Manager Alex Chehade to Exit after
Two Years: Report
Alex Chehade, the General Manager of Binance FZE in
Dubai, will reportedly depart from the crypto asset exchange at the end of
July. Chehade, who played an important role in securing the Dubai Virtual
Assets Regulatory Authority (VARA) license, has been with Binance for two
years.
Alex Chehade, Source: LinkedIn
Chehade joined Binance FZE in June 2022, and under his
leadership, the platform secured the VARA license in April, positioning it
among 18 other organizations approved as Virtual Assets Service Providers
(VASP) by the Dubai regulatory authority. Sources said that Chehade was seen as
a potential future board member of Binance, making his departure unexpected.
XTX Markets Welcomes Former Barclays CEO into Director
Role
XTX Markets onboarded Timothy James Osborne Throsby as
the new Director. Throsby has extensive experience, having held different roles
in various sectors, including finance and education. He currently serves as the
Managing Partner, President, and CRO at Phoenix Merchant Partners, a position
he has held since February 2023. Phoenix Merchant Partners focuses on offering
financing solutions to middle-market companies, specifically private credit and
customized financial strategies.
Timothy James Osborne Throsby
Besides his role at Phoenix Merchant Partners, Throsby
served as a Non-Executive Director for Zen Educate and Light & Wonder. He
also holds the position of Chairman of the Board and Non-Executive Director at
Silver Creek Pharmaceuticals, and he has been a Non-Executive Director at Lumos
Global since November 2019.
European digital banking solution provider Finom added
Rob Allen as its new Head of Sales, effective July 2024. Finom provides
financial services for small and medium-sized enterprises and entrepreneurs.
Allen has over a decade of fintech experience, most recently serving as VP of
Sales at Super Payments.
Rob Allen, Finom
Previously, he held the position of Head of Sales for
Europe at Revolut, where he led sales teams across six European countries. The
appointment was reportedly facilitated through Finom's connection with
Northzone, a new investor in the company's recent €50 million Series B funding
round. This recent investment has boosted Finom's total capital to more than
€100 million since its founding in 2019.
Capital.com Names Campbell MacPherson as CEO for
Australian Operations
Capital.com appointed Campbell MacPherson as the CEO
of Australian Operations. Previously, MacPherson was the Regional Director of
Sales at FactSet, where he managed a team responsible for expanding FactSet's
business across various asset classes in the Pacific region. He oversaw
strategic growth initiatives for bank and wealth clients, as well as providing
executive oversight for key regional accounts.
Campbell MacPherson, Source: LinkedIn
Before his tenure at FactSet, MacPherson held multiple
roles at Glenmoira Consulting, focusing on business consultancy, development
strategy, and project management. He also served as a Strategic Advisor and
Non-Executive Director at Jaaims, where he contributed to financial technology
and strategic partnerships. Additionally, MacPherson worked as a Strategic
Advisor in Business Development at Caplin Systems, where he was involved in
contract-based initiatives.
3-Month-Old Liquidity Provider Hires Ex-M4Markets
Executive as CEO
LP Prime, the liquidity provider for forex and CFDs,
named Marios Antoniou as the new Chief Executive Officer. LP Prime is the
latest entrant in the liquidity space. The firm was launched early this year by
Louay Amhaz, the former Director of Business Development at oneZero.
Marios Antoniou
Antoniou has nearly a decade of experience in the
industry. He joined LP Prime from M4Markets, where he was the Chief Operating
Officer for more than a year. Prior to that, he was the CEO of Invaxa, a
lesser-known offshore forex and CFDs broker, which now appears to have been
shuttered. LP Prime offers access to more than 1,350 instruments, including
forex, precious metals, indices, and stock CFDs.
Stephen Williams Exits IG After Six Years for
Capital.com Role
IG's Premium Client Manager shifted to Capital.com
under the same role, after dedicating nearly six years to the group. The
veteran expert, with over 15 years of experience in financial markets, will now
transition to capital.com's Australian office to assume the new
responsibilities.
amana Taps Jack Saidy as Director of Operations in
Lebanon
Middle Eastern neobroker amana onboarded Jack Saidy as
the Director of Operations for Lebanon to strengthen its presence in the
region. Saidy has over a decade of experience in financial markets. Previously,
he served as the Director at Advanced Markets, focusing on training sales teams
and fostering customer relationships.
Jack Saidy, Source: LinkedIn
Saidy's understanding of the Lebanese and MENA markets
positions him well to drive amana's growth in the region. amana provides access
to more than 5,500 assets and enables customers to trade physical and leveraged
US and MENA shares, commodities, currencies, and more. Amana is a neobroker in
the Middle East that provides users direct access to global and regional
financial markets.
Delta Capita Taps London Stock Exchange Veteran as New
CFO
Financial consulting firm Delta Capita onboarded Nick
Frost as its new Global Chief Financial Officer. Frost, who brings over two
decades of finance experience to the role, will join Delta Capita's Executive
Committee and report directly to Group CEO Joe Channer. Based in London, he
will be tasked with developing the company's financial strategy and supporting
its growth initiatives.
Nick Frost
Before joining Delta Capita, Frost held CFO positions
at several firms, including the London Stock Exchange Group. Over the past few
months, he was associated with the technology company Prytek, where he also
held the role of the CFO. Delta Capita offers consulting, managed services, and
technology solutions to the capital markets industry.
This week saw an upsurge in executive moves, appointments, departures, and promotions across multiple sectors. Major moves were experienced in the forex, fintech,
cryptocurrency, digital banking, and financial consultancy space.
MultiBank Group's Chief Development Officer Ruslan
Abuzant exited the firm; Former CFDs CEO joined BlockFills as UAE GM; Nium
tapped Spencer Hanlon as Chief Operating Officer to drive its global expansion;
Binance FZE's General Manager Alex Chehade will exit after two Years; XTX Markets
welcomes the Former Barclays CEO as Director.
Elsewhere, Finom named ex-Revolut executive as Sales
Chief; Capital.com onboarded Campbell MacPherson as CEO for Australian
operations; the 3-month-old liquidity provider hired ex-M4Markets executive as CEO;
Stephen Williams switched from IG to Capital.com after six years; amana tapped
Jack Saidy as Director of Operations for Lebanon; Delta Capita brought London
Stock Exchange Veteran as New CFO.
Check out our executive move segment for this week, as we bring to you highlights from notable industry appointments,
departures, and promotions.
Executive Moves of the Week
MultiBank Group's Chief Development Officer Ruslan
Abuzant Departs
MultiBank Group's Chief Development Officer Ruslan
Abuzant stepped down after serving for two years in the company. Abuzant joined
the group in 2022 and has held several roles, including Head of Information
Technology, Head of Product Development, Chief Strategy Officer, and Chief
Development Officer.
Ruslan Abuzant, Source: LinkedIn
Commenting about his departure, Abuzant said:
"After two incredible years, today I announce my departure from Multibank.
It has been an honor to be part of such a dynamic and dedicated team. I am
immensely grateful for the opportunity to meet and work alongside each and
every one of you." MultiBank offers a range of online trading financial
products, including forex, commodities, and CFDs.
Demetrios Zamboglou joined BlockFills as the General
Manager for the UAE operations. Zamboglou, who held executive positions in
multiple forex and contracts for differences (CFDs) brokers, has assumed the
Dubai-based role. His most recent role was serving as the Group Chief Executive
Officer at Doto, a Cyprus-based FX and CFDs broker.
Demetrios Zamboglou, the General Manager for UAE at BlockFills
He was also the Group Chief Operating Officer at CFI
Financial Group for a couple of years. BlockFills offers digital asset trading,
technology, and liquidity solutions. Recently, the firm integrated Centroid
Solutions' institutional-grade connectivity platform, Centroid Bridge, to offer
brokers and institutional clients a centralized environment for price
management, execution, and comprehensive reporting.
Nium Taps Spencer Hanlon as Chief Operating Officer to
Drive Global Expansion
Cross-border payment firm Nium onboarded Spencer
Hanlon as its Chief Operating Officer (COO). Hanlon, who was previously
instrumental in expanding Nium's travel business, will oversee the scaling of
the company's operations globally. His extensive experience includes leadership
roles at British Airways and AirPlus International. Hanlon will succeed Pratik
Gandhi.
Spencer Hanlon, Source: LinkedIn
Commenting about the changes, Prajit Nanu, the Founder
and CEO of Nium mentioned: "Spencer has been an integral part of Nium for
the past three years, demonstrating exceptional cross-functional leadership and
a deep understanding of what it takes to scale. Appointing Spencer to COO was a
natural decision. His vision and dedication have been invaluable to our
success, and I am confident that under his leadership, we will continue to
achieve outstanding results."
Binance FZE General Manager Alex Chehade to Exit after
Two Years: Report
Alex Chehade, the General Manager of Binance FZE in
Dubai, will reportedly depart from the crypto asset exchange at the end of
July. Chehade, who played an important role in securing the Dubai Virtual
Assets Regulatory Authority (VARA) license, has been with Binance for two
years.
Alex Chehade, Source: LinkedIn
Chehade joined Binance FZE in June 2022, and under his
leadership, the platform secured the VARA license in April, positioning it
among 18 other organizations approved as Virtual Assets Service Providers
(VASP) by the Dubai regulatory authority. Sources said that Chehade was seen as
a potential future board member of Binance, making his departure unexpected.
XTX Markets Welcomes Former Barclays CEO into Director
Role
XTX Markets onboarded Timothy James Osborne Throsby as
the new Director. Throsby has extensive experience, having held different roles
in various sectors, including finance and education. He currently serves as the
Managing Partner, President, and CRO at Phoenix Merchant Partners, a position
he has held since February 2023. Phoenix Merchant Partners focuses on offering
financing solutions to middle-market companies, specifically private credit and
customized financial strategies.
Timothy James Osborne Throsby
Besides his role at Phoenix Merchant Partners, Throsby
served as a Non-Executive Director for Zen Educate and Light & Wonder. He
also holds the position of Chairman of the Board and Non-Executive Director at
Silver Creek Pharmaceuticals, and he has been a Non-Executive Director at Lumos
Global since November 2019.
European digital banking solution provider Finom added
Rob Allen as its new Head of Sales, effective July 2024. Finom provides
financial services for small and medium-sized enterprises and entrepreneurs.
Allen has over a decade of fintech experience, most recently serving as VP of
Sales at Super Payments.
Rob Allen, Finom
Previously, he held the position of Head of Sales for
Europe at Revolut, where he led sales teams across six European countries. The
appointment was reportedly facilitated through Finom's connection with
Northzone, a new investor in the company's recent €50 million Series B funding
round. This recent investment has boosted Finom's total capital to more than
€100 million since its founding in 2019.
Capital.com Names Campbell MacPherson as CEO for
Australian Operations
Capital.com appointed Campbell MacPherson as the CEO
of Australian Operations. Previously, MacPherson was the Regional Director of
Sales at FactSet, where he managed a team responsible for expanding FactSet's
business across various asset classes in the Pacific region. He oversaw
strategic growth initiatives for bank and wealth clients, as well as providing
executive oversight for key regional accounts.
Campbell MacPherson, Source: LinkedIn
Before his tenure at FactSet, MacPherson held multiple
roles at Glenmoira Consulting, focusing on business consultancy, development
strategy, and project management. He also served as a Strategic Advisor and
Non-Executive Director at Jaaims, where he contributed to financial technology
and strategic partnerships. Additionally, MacPherson worked as a Strategic
Advisor in Business Development at Caplin Systems, where he was involved in
contract-based initiatives.
3-Month-Old Liquidity Provider Hires Ex-M4Markets
Executive as CEO
LP Prime, the liquidity provider for forex and CFDs,
named Marios Antoniou as the new Chief Executive Officer. LP Prime is the
latest entrant in the liquidity space. The firm was launched early this year by
Louay Amhaz, the former Director of Business Development at oneZero.
Marios Antoniou
Antoniou has nearly a decade of experience in the
industry. He joined LP Prime from M4Markets, where he was the Chief Operating
Officer for more than a year. Prior to that, he was the CEO of Invaxa, a
lesser-known offshore forex and CFDs broker, which now appears to have been
shuttered. LP Prime offers access to more than 1,350 instruments, including
forex, precious metals, indices, and stock CFDs.
Stephen Williams Exits IG After Six Years for
Capital.com Role
IG's Premium Client Manager shifted to Capital.com
under the same role, after dedicating nearly six years to the group. The
veteran expert, with over 15 years of experience in financial markets, will now
transition to capital.com's Australian office to assume the new
responsibilities.
amana Taps Jack Saidy as Director of Operations in
Lebanon
Middle Eastern neobroker amana onboarded Jack Saidy as
the Director of Operations for Lebanon to strengthen its presence in the
region. Saidy has over a decade of experience in financial markets. Previously,
he served as the Director at Advanced Markets, focusing on training sales teams
and fostering customer relationships.
Jack Saidy, Source: LinkedIn
Saidy's understanding of the Lebanese and MENA markets
positions him well to drive amana's growth in the region. amana provides access
to more than 5,500 assets and enables customers to trade physical and leveraged
US and MENA shares, commodities, currencies, and more. Amana is a neobroker in
the Middle East that provides users direct access to global and regional
financial markets.
Delta Capita Taps London Stock Exchange Veteran as New
CFO
Financial consulting firm Delta Capita onboarded Nick
Frost as its new Global Chief Financial Officer. Frost, who brings over two
decades of finance experience to the role, will join Delta Capita's Executive
Committee and report directly to Group CEO Joe Channer. Based in London, he
will be tasked with developing the company's financial strategy and supporting
its growth initiatives.
Nick Frost
Before joining Delta Capita, Frost held CFO positions
at several firms, including the London Stock Exchange Group. Over the past few
months, he was associated with the technology company Prytek, where he also
held the role of the CFO. Delta Capita offers consulting, managed services, and
technology solutions to the capital markets industry.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
