Eightcap, Taurex, Axi, and More: Executive Moves of the Week

Eightcap CEO departs

In another week marked by significant leadership shifts in the CFD and FX space, Alex Howard left Eightcap, where he had served as CEO since 2023. He replaced founder Joel Murphy, who remains with the broker as Non-Executive Chairman. Howard also held the role of Managing Director of Regulated Markets at the broker’s Melbourne office.

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Eightcap has not yet announced a successor, and it remains unclear if Howard is joining another firm. Before joining Eightcap, Howard held senior leadership roles at StoneX, including Head of Retail for the Asia-Pacific region.

Learn more about the leadership changes at Eightcap.

SEC’s COO to retire

In the regulatory space, the U.S. Securities and Exchange Commission announced that Chief Operating Officer Ken Johnson will retire in December, concluding an eight-year tenure in the role.

Johnson has been with the SEC since 2003, initially joining after a stint at the Congressional Budget Office. He also served as the agency’s chief financial officer from 2010 until his appointment as COO.

Show more about Ken Johnson's planned retirement as the SEC Chief Operating Officer.

SquaredFinancial CSO Joins Taurex

At the same time, CFD broker Taurex appointed Thomas Selby as Commercial Director for Africa and Latin America, as the firm seeks to expand its presence in emerging markets. Selby joins from SquaredFinancial, where he spent nearly two years as Chief Sales Officer.

He brings more than 15 years of experience in online trading, having held senior roles at major brokers including OneRoyal, OctaFX, Exinity, and FxPro. He previously served as Group Chief Sales Officer at OneRoyal and Commercial Director at Exinity.

Discover more about SquaredFinancial's appointment of Thomas Selby as Commercial Director.

Forex veteran Louis Cooper retires after 26 years

Louis Cooper will step down as Chief Commercial Officer of online trading firm Axi at the end of September, concluding a 26-year career in the forex and CFD industry. He had joined Axi in 2016 and spent nearly nine years. He remains a shareholder in the company after his departure.

Cooper’s career began in 1999 at CMC Markets, where he served as managing director for Australia and New Zealand for 13 years. He then held the same role at OANDA from 2013 to 2015 before joining Axi.

Learn more about the expected exit of Louis Cooper as the Chief Commercial Officer at Axi.

Ex-MultiBank China Head joins UEXO

Lastly, Sophie Squillacioti was appointed Head of Asia at fintech firm UEXO Global. She brings nearly 20 years of experience in the forex and CFD industry, having held senior roles at MultiBank, INFINOX, and BDSwiss.

Squillacioti left her role as Head of China and Advisor to the Chairman at MultiBank in August, after leading the broker’s reentry into Chinese markets and overseeing teams across China, the UAE, and Taiwan.

Highlight more about the appointment of Sophie Squillacioti as Head of Asia at UEXO Global.

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