Eightcap Promotes Michael Clifton-Jones as the Group Chief Commercial Officer

Eightcap, the Melbourne-headquartered forex and contracts for differences (CFDs) broker, has appointed Michael Clifton-Jones as its new Group Chief Commercial Officer, in what appears to be an internal promotion.

New CCO at Eightcap

According to Clifton-Jones’ latest LinkedIn post, he has taken over the CCO role. He joined the broker at the beginning of this year as the Global Head of Embedded, where he was “delivering flexible solutions that help large enterprises diversify their business.”

FinanceMagnates.com reached out to Eightcap and Clifton-Jones for details of the reshuffle but has not received any response as of press time.

Interestingly, Eightcap has quietly obtained a Dubai regulatory licence that allows it to offer financial consultation and operate as an introducing broker. However, the broker is yet to reveal its plans under the new licence.

Clifton-Jones joined Eightcap from Convera, where he spent 14 years of his career. At the time of his departure, he was Head of FX at the company’s New South Wales office.

He is no stranger to retail trading. Before Convera, he spent a couple of years at Go Markets, another Australia-headquartered CFDs broker, as Sales Manager and Senior Sales Trader. He brings almost 25 years of financial industry experience to his new role.

Brokers Reshuffling Their Top Management

Meanwhile, several other brokers have also reshuffled their senior management. Recently, Pepperstone, which is also headquartered in Australia, named Tom Williams as its new Chief Operating Officer, while Rob Bowen stepped down as the broker’s Group Chief Operating Officer and became Chief Commercial Officer.

Hantec Markets also promoted Norayr Djerrahian to Chief Commercial Officer, while appointing Tim Hughes as Chief Strategy Officer and Vivek Mehta as Chief Technology Officer. Equiti is another major brand to shuffle some of its top roles.