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.

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.

Discover more about MultiBank Group's Chief Development Officer Ruslan Abuzant exit from his role and the recent developments at the firm.

Former CFDs CEO Joins BlockFills as UAE GM

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.

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.

Learn more about Demetrios Zamboglou's entry into BlockFills as the General Manager for the UAE.

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.

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."

Reveal more about Nium's appointment of Spencer Hanlonas as Chief Operating Officer.

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.

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.

Disclose more about the exit of Binance FZE's General Manager Alex Chehade and the recent developments at the firm.

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.

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.

Display more about the exit of Binance FZE's General Manager Alex Chehade from his role.

Finom Names Ex-Revolut Executive as Sales Chief

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.

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.

Reveal more about the addition of Rob Allen as Finom'snew Head of Sales.

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.

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.

Find out more about the entry of Campbell MacPherson as Capital.com's CEO for Australian operations.

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.

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.

Identify more about LP Prime's onboarding of Marios Antoniou as the new Chief Executive Officer.

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.

Display more about Stephen Williams' switch from his Premium Client Manager's role at IG to Capital.com.

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.

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.

Investigate more about amana's onboarding of JackSaidy as Director of Operations for Lebanon.

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.

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.

Learn more about Delta Capita's addition of Nick Frost as its new Global Chief Financial Officer and what the firm stands for.