BDSwiss, a leading German foreign exchange (forex) and contracts for difference (CFD) broker, has a new Global Head of Conversion, appointing Angelos Christofi to the position this month.
According to his LinkedIn, Christofi joined the forex broker in November, where he is based in Cyprus. During his career, he has managed to gain more than a decade worth of experience in sales and five years in management.
The appointment of Christofi, who has years of experience in retention-based roles, comes at a time when brokers within the European Union (EU) need to work hard to keep their clients, following regulations implemented by the European Securities and Markets Authority (ESMA).
As an analysis by Finance Magnates highlighted, traders within the EU are moving to brokers outside of the bloc so they can set the risk they want, not the risk they are told they can handle.
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Angelos Christofi Past Experience
He joins BDSwiss after a short stint at AAATrade, a CySEC-regulated investment firm and liquidity provider. Here he worked for three months as the Head of Sales, starting in March and leaving in July of this year.
Before AAATrade, Christofi was the Head of Retention at Xtrade Group, a provider of online forex and CFD trading. At this company, he worked for nearly four years, joining in September 2013 and working with the firm until June 2017.
In his role as Head of Retention, Christofi had a number of responsibilities, such as overseeing retention across Europe, training representatives, setting targets and bonuses, conduction promotional campaigns and more.
During his career, Christofi was also an Account Manager at IronFX, a position he held for six months. According to his LinkedIn, in this role, he was responsible for opening new accounts and retaining existing ones. He also had a number of other sales-based duties.
Christofi first entered into the forex industry when he started working with FX Global Markets (FXGM) in April 2011. Here he worked in sales as a Retention Executive and Team Leader for two years.