Freetrade names Jenny Zhao CEO after IG deal
This week, Jenny Zhao took on the role of Chief Executive Officer at Freetrade, with the update shared today. Her appointment comes during a period of leadership transition at the company. It followed Viktor Nebehaj’s earlier announcement that he would step down as CEO this summer after nine years in the role.
The leadership change comes amid IG Group’s agreement to acquire Freetrade for £160 million, funded from its existing capital. Under the terms of the deal, Freetrade is expected to continue operating as a standalone business, while giving IG Group greater access to the UK direct investment market and expanding its broader trading and investment offering.
- Marex Names Alex Salomon to Lead First Prime Services Push in Israel
- Gavin Chia Joins AI Broker Longbridge as Southeast Asia CEO After Eight Months at IG Group
- STARTRADER’s Mario Saudino Departs for Blueberry Markets LATAM Role
Show more about Freetrade's appointment of Jenny Zhao as CEO.
Revolut hires Coinbase risk chief for crypto push
In the fintech space, Revolut appointed Michael Schroeder, formerly Chief Risk Officer and Managing Director for Europe at Coinbase, as Global Head of Crypto Expansion. Schroeder spent nearly three years at Coinbase, where he oversaw risk and regulatory operations across Europe.
His role will focus on licensing, regulatory readiness, operations, and market launches. The appointment comes as firms across the sector continue to strengthen regulatory and compliance capabilities, with Kraken recently naming Andreas Roussos to lead its Cyprus operations.
Show more about Revolut's hire of Coinbase Risk Chief for crypto push.
Scope Markets sees third executive exit in a month
At the same time, GTCFX appointed Manglai Manglai as Head of Trade Solutions. He joins from Scope Markets, part of the Rostro Group, where he spent over six years in Cyprus in progressively senior roles, most recently serving as Head of Trade Solutions from 2024.
The move marks the latest in a series of executive departures from the Scope brand. MAS Markets recently appointed Saul Knapp as Chief Risk Officer, hiring him from Scope Prime, where he served as Managing Director of Futures and Options and Group CRO.
Separately, oneZero Financial Systems has appointed Lochlan White as Director of Sales and Relationship Management as it prepares to open its first Middle East office in Dubai.
Discover more about recent top-level executive changes at Scope Markets.
Marex names Alex Salomon to lead prime services in Israel
Another executive move of the week saw Marex Group appoint Alex Salomon to lead prime services sales in Israel, marking the firm’s first dedicated hire on the ground in Tel Aviv. The move comes as the London-listed broker continues to expand its institutional business following its 2023 acquisition of Cowen’s prime brokerage unit.
Based in Tel Aviv, Salomon will cover Israeli hedge funds, family offices, asset managers, and other institutional clients. He will report to Marex’s EMEA prime services sales team and will be responsible for connecting local clients to the firm’s global trading, custody, and capital introduction platform.
Highlight more about Marex's naming of Alex Solomon to lead prime services sales in Israel.
Gavin Chia joins Longbridge as Southeast Asia CEO
Lastly, Gavin Chia joined AI-focused online brokerage Longbridge as Singapore and Regional Chief Executive Officer for Southeast Asia. He will oversee the firm’s expansion across the region, where it operates under a Capital Markets Services license from the Monetary Authority of Singapore.
Chia joins after a brief stint of around eight months as head of IG Group’s Singapore business. Prior to IG, Chia was a founding member of Futu Singapore, which operates under the moomoo brand. He joined as Managing Director in 2020 and later became CEO of Moomoo Singapore in June 2023.
Disclose more about Gavin Chia's transition to Longbridge as Southeast Asia CEO.
