IC Markets, StoneX, FundYourFX, and More: Executive Moves of the Week

Although the number of executive moves was not much this week, three companies each welcomed a new CEO. The5ers Co-Founder became the CEO of FundYourFX; Nicos Vassiliou was named the CEO of Colmex Pro; Philip Smith is now the Group Chief Executive Officer of StoneX, while IC Markets onboarded the new Global Head of Risk.

The5ers Co-Founder Becomes CEO of FundYourFX

Proprietary trading firm FundYourFX appointed Snir Ahiel, an experienced prop trading executive, as its new CEO. The firm is simultaneously expanding beyond its instant funding model to offer clients trading challenges. This appointment followed another recent C-level move in the industry, with TradersYard announcing Manuel Sonnleithner, former COO of AgenaTrader for more than five years, as its new president.

Snir AhielBefore joining FundYourFX, he spent over six years with The5ers, one of the older and more popular prop trading firms, where he served as a Co-Founder and Chief Operating Officer (COO). He “directed operations, strategy, and community development over six years, contributing to the firm's strong reputation and success.”

Find out more about Snir Ahiel's new role as FundYourFX's CEO.

Nicos Vassiliou Becomes CEO of Colmex Pro

CySEC-licensed broker Colmex Pro also welcomed a new CEO. The company appointed Nicos Vassiliou for the new role. He is expected to leverage experience gained from “both sides of the fence,” having worked for the Cypriot market watchdog and several locally regulated FX/CFD brokers.

Prior to moving to Colmex, he served as Head of Compliance at Finvasia Wealth for nearly a year. His previous roles also include a similar position at StockTech and AML Director at FXVC Online Trading. His expertise in compliance and regulations stems from his tenure as CySEC Officer in the Market Surveillance and Investigation department from 2016 to 2020.

Highlight more about the appointment of Nicos Vassiliou as the CEO of prop trading firm Colmex Pro.

IC Markets Appoints New Global Head of Risk

Vasilis Sotiriou started a new role as Global Head of Risk at IC Markets. Before the new role, he worked at 26 Degrees in Cyprus, where his most recent position was Chief Risk Officer for the EMEA region. Prior to that, he served as Head of Risk Management at 26 Degrees for three years.

Previously, Sotiriou worked at IC Markets, where he held roles including Group Risk Manager for about one year and Senior Dealer for about two years. Earlier in his career, he was Chief Risk Officer at a Cyprus investment firm for less than a year.

Show more about IC Markets' onboarding of Vasilis Sotiriou as the new Global Head of Risk.

StoneX Names New CEO

StoneX Group also announced significant leadership changes. Philip Smith is now the Group Chief Executive Officer, succeeding Sean O'Connor, who will transition to Executive Vice-Chairman after serving as CEO for 22 years.

Smith, who previously led the Commercial and Payments segments, will now oversee the entire company. Charles Lyon, former head of the Institutional business segment, has been named Group President. Both Smith and Lyon will report to O'Connor, who will focus on long-term strategy, capital allocation, and M&A activity.

Disclose more about StoneX's appointment of Philip Smith as the new CEO.