CPT Markets UK, a forex and contracts for differences broker, has announced the appointment of Razvan Rotaru as the new Head of Institutional Sales.

With an extensive background in institutional and retail sales within the financial industry, Rotaru brings a wealth of experience and expertise to his new role.

CPT Markets UK Elevates Institutional Sales Strategy

Prior to joining CPT Markets UK, Rotaru served as part of the institutional and retail sales team at INFINOX Capital for six years and five months. His tenure at INFINOX Capital equipped him with valuable insights into client relationships and market dynamics, which will contribute to his success in his new position. Before his time at INFINOX Capital, Rotaru held positions at Horizon Stockbroking, FX Companies, and Central Markets where he honed his skills in brokerage and client management.

Expressing his enthusiasm about his new role, Rotaru stated: "I'm pleased to share that I'm starting a new position as Head of Institutional Sales at CPT Markets UK." In his new capacity, Rotaru will spearhead the institutional sales efforts of CPT Markets UK, working closely with the team to develop innovative strategies and cultivate relationships with institutional clients.

Infrastructure Reorganization and Expansion Drive Revenue Growth

CPT Markets UK reported a turnover of £787,845 for the fiscal year 2022, marking an annual increase of 39%, as reported by Finance Magnates. This growth followed infrastructure reorganization efforts and the recruitment of new sales personnel aimed at expanding its global presence. The company obtained a Variation of Principle with the FCA to broaden its product range, facilitating multi-asset offerings, including equities, fixed income, and futures.

Despite revenue growth, sales costs rose sharply to £134,877 from £49,737, resulting in a gross profit of £652,968. Administrative expenses remained stable at £1.17 million. Despite a loss of £512,879, reduced from £564,071 the previous year, the company aims for broader market access and product diversity. The report reflects solely on CPT Markets UK's performance, separate from its global operations in Belize and South Africa.