The number of executive moves dropped compared to last week. Notable moves came from the fintech, regulation, forex, and proprietary trading sectors.

FINRA boosted enforcement team with two new Senior VP appointments; After 6 Years at OANDA, James Abbott became Chief Revenue Officer for the UK Division; eToro named new US Head as Lule Demmissie stepped down; IG Group promoted Chris Old as Head of Organic Growth; Tether picked Chainalysis' Former Economist as New Head of Economics; Exante welcomed Oscar Tsui as Hong Kong Regional Head; Prop Trading Firm FunderPro onboarded Tools for Brokers' Ex-Cyprus Head.

Check out this week's executive moves, featuring key appointments, promotions, and exits from top industry brands.

Executive Moves of the Week

FINRA Boosts Enforcement Team with Two New Senior VP Appointments

The Financial Industry Regulatory Authority (FINRA) appointed Julie Glynn and Tina Gubb as Senior Vice Presidents of Enforcement. FINRA expects the new appointments will enhance the organization’s mission to protect investors and maintain market integrity. Glynn and Gubb bring a wealth of experience and expertise to their new roles.

Reporting directly to Bill St. Louis, the Executive Vice President and Head of Enforcement, the two will act as senior legal advisors. They will oversee high-impact investigations and disciplinary actions across the enforcement department. Glynn and Gubb will also lead the enforcement attorney teams and collaborate with FINRA’s regulatory operations to support the organization-wide execution of its mission. Their responsibilities include overseeing four chief counsel enforcement teams each, with Glynn also overseeing enforcement litigation.

Disclose more about FINRA's new appointees and their new responsibilities in the enforcement unit.

After 6 Years at OANDA, Abbott Becomes Chief Revenue Officer of The UK Division

James Abbott, with over a decade of experience in the retail trading industry, was promoted to the position of Chief Revenue Officer (CRO) at the London office of OANDA. This is Abbott's fourth position within the company since joining at the end of 2018.

Abbott joined OANDA UK in November 2018 as a High-Net-Worth Relationship Manager for the UK and EMEA region. He has held the role of Head of Sales in the British division for the past two years. Previously, he worked at LCG at the private client desk for three months. At the beginning of his career, he was associated with Ascendo Markets for over five years as an Equity Trader and later as Head of Desk Trading.

Learn more about James Abbott's promotion to Chief Revenue Officer at OANDA London offices.

eToro Names New US Head as Lule Demmissie Steps Down

Lule Demmissie stepped down as CEO of eToro's US operations, and Andrew McCormick will replace her as Head of eToro US. The brokerage confirmed to Finance Magnates that McCormick will assume the new role on 1 August 2024. Despite her departure, she will continue to be with the broker in an advisory capacity for the rest of the year.

Demmissie took over as the CEO of eToro’s US operations in September 2023. She joined the broker from Ally Investing, where she served as President and oversaw the Ally Invest Securities, Ally Invest Advisors, and API business lines. Before Ally Invest, Demmissie worked for several other leading financial firms, including TD Ameritrade, Morgan Stanley, Merrill Lynch, and JPMorgan.

Reveal more about eToro's executive changes in its US operations.

IG Group Promotes Chris Old as Head of Organic Growth

Chris Old started a new role as the Head of Organic Growth at IG Group. Old, who is based in London, has been with the group for more than six years in different positions. He joined the company in 2021 as SEO Manager for the UK. Subsequently, he rose through the ranks, serving as the SEO Manager for EMEA and SEO Lead for IG.com before his latest appointment.

IG Group has recently experienced other notable executive moves. The group's Global Institutional Marketing Manager, Tomas Ausra, was recently named the Head of Marketing for IG Prime, the entity's institutional arm. Ausra will spearhead IG Prime's brand marketing activities worldwide.

Show more about IG Group's selection of Chris Old as the Head of Organic Growth.

Tether Picks Chainalysis' Former Economist as New Head of Economics

Stablecoin issuer Tether appointed Philip Gradwell, the former Chief Economist at Chainalysis, as its new Head of Economics. Gradwell brings over six years of experience analyzing digital assets from his tenure at Chainalysis, a blockchain analytics firm. He has a background in blockchain research, data science, and product development, besides his engagement with regulators.

Speaking about the new hire, Paolo Ardoino, the CEO of Tether, mentioned: "We are thrilled to welcome Philip to the Tether team. His extensive experience and proven track record in the digital asset space make him the ideal person to lead our economic analysis efforts. Philip's expertise will enable Tether to bring even further understanding to our indispensable role in supporting the dollar."

Reveal more about Tether's appointment of Philip Gradwell, the former Chief Economist at Chainalysis, as the new Head of Economics.

Exante Welcomes Oscar Tsui as Hong Kong Regional Head

Exante appointed Oscar Tsui, an experienced financial services expert, as its new Regional Head to strengthen its presence in Hong Kong. With more than two decades of experience and important roles across Asia, Tsui's leadership is expected to drive Exante's growth in the region.

According to the official statement, this appointment is under Exante's Hong Kong entity XHK Ltd. Tsui, with a wide background spanning over 20 years in financial services, will lead business development efforts in the region.

Show more about Exante onboarding of Oscar Tsui as Hong Kong Regional Head.

Prop Trading Firm FunderPro Onboards Tools for Brokers' Ex-Cyprus Head

Lastly, Petros Kalaitzis left his role at Tools for Brokers to join FunderPro, a company offering prop trading services, as its new Chief Strategy Officer. With over a decade of experience in the financial technology sector, Kalaitzis brings a wealth of knowledge to FunderPro.

Kalaitzis will oversee the Operations and Marketing departments in his new role, ensuring that all initiatives align with the company's long-term vision and immediate objectives. The company expects his extensive expertise to guide FunderPro in navigating the financial services space.

Disclose more about Petros Kalaitzis's transition from Tools for Brokers to FunderPro.