FX technology solutions provider, Leverate, has announced that the firm’s co-founder and former VP of Products, Itai Damti, has been relegated to the new role of Managing Director – Asia Pacific (APAC).
Mr. Damti has been instrumental in the genesis and ascension of the founding of the company Leverate. As the Managing Director for the APAC region, Mr. Damti will be tasked with day-to-day operations, along with overseeing marketing, sales and business development, namely in China.
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The move is designed to help stimulate benefits and growth in the Chinese markets as well as Leverate’s Chinese clientele. Furthermore, the appointment was part of an ongoing process, which saw the inception of Leverate’s Hong Kong office in 2013 to better serve Asian brokers on a proximal basis.
According to Mr. Damti in a recent statement on the appointment, “Thanks to the experience I gained in my previous position, I see an excellent fit between the demands of Chinese FX brokers and our range of products. While conquering this market will require a lot of hard work and trust building, I am committed to providing our clients throughout Asia with the highest level of service in every respect, from training and support to IT infrastructure.”
“I am proud of the excellence of the entire Leverate team, and I am especially excited about the level of talent in our Hong Kong office. We plan to keep building our operations in Asia-Pacific in terms of staffing, and we look forward to establishing a strong competitive presence and increasing our local client base. We foresee a significant positive impact on our relationships with our brokers in Asia going forward as we’ve shown our willingness to invest heavily in the area. Finally, I would like to thank Arthur Le, the outgoing Managing Director, for his hard work in establishing Leverate’s footprint in the region. In just under two years, Leverate has progressed from being virtually unknown in the region to Asia now becoming the company’s most important geographic market,” added Mr. Damti.