GTN, CLS, Advanced Markets, and More: Executive Moves of the Week

GTN appoints new COO for the Middle East

Starting our executive moves weekly summary, GTN, a global fintech company, appointed Jon Lester as its new Chief Operating Officer for the Middle East. The appointment comes as the company expands its operations in the region and worldwide.

Lester has over 30 years of experience in financial services. He has worked as a COO in various countries. He is a Chartered Accountant and has managed infrastructure for businesses regulated by FSRA, FCA, CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term, and FINRA.

Show more about GTN's appointment of Jon Lester as the new COO.

Former Euroclear CEO joins CLS Board

Meanwhile, CLS, the financial market infrastructure company that processes trillions of dollars in Forex transactions daily, added two new directors to its board following its annual shareholder meeting earlier this month.

Brigitte Daurelle joins as an independent director, while Ryo Terazawa represents MUFG Bank, one of CLS's key stakeholders.

Show more about CLS' new Board changes.

Advanced Markets has a new Chief Risk Officer

Advanced Markets enlisted Marko Jagustin as its new Chief Risk Officer, bringing in an expert with two decades of experience in foreign exchange trading and risk management.

Jagustin's career spans major roles across the forex industry. He previously served as Chief Trader at GAIN Capital's Forex.com division and held the Chief Operating Officer position at Finalto.

Most recently, he ran liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provision operations at Exness, one of the industry's larger retail FX brokers.

Discover more about Advanced Markets' onboarding of Marko Jagustin as the new CRO.

Former Finalto COO joins GCEX

Also this week, digital prime brokerage GCEX brought Stanislav Bunimovich as Managing Director for Asia-Pacific, tapping the former Finalto executive.

Bunimovich, who spent over 12 years at CFH/Finalto and rose to become Chief Operating Officer and Board Member, will be based in Australia and report directly to GCEX CEO Lars Holst.

The appointment reunited the pair, as Holst co-founded Finalto before launching GCEX in 2018.

Learn more about Stanislav Bunimovich's transition to GCEX.

SEC establishes a new team

Lastly, in the US, the Securities and Exchange Commission made a sweeping set of leadership appointments Friday, bringing in four new senior officials as Chairman Paul Atkins continues reshaping the agency's top ranks.

Erik Hotmire returned to the SEC as Chief External Affairs Officer and Director of the Office of Public Affairs. Kurt Hohl took over as Chief Accountant, while Brian Daly will become Director of the Division of Investment Management.

At the same time, Jamie Selway will now lead the Division of Trading and Markets. Selway was most recently a partner at Sophron Advisors and previously served as managing director and head of electronic brokerage at Investment Technology Group.

Highlight more about the new leadership changes at the SEC.