ETX Capital has appointed a new CEO, having promoted Arman Tahmassebi to the role with immediate effect, Finance Magnates has learned. The elevation of Mr. Tahmassebi to the new lead role follows less than two years after joining the company as its COO.
Mr. Tahmassebi joined ETX Capital in April 2016 from London Capital Group. During this period, he helped play a key role in the group’s business, while working with outgoing CEO Andrew Edwards. Mr. Edwards had parted ways with ETX Capital to take on the role of CEO Saxo Capital Markets UK last month.
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Mr. Tahmassebi will be filling the void left by Andrews, who left the group after nearly nine years at the helm – ETX Capital confirmed the promotion to Finance Magnates. Moving forward, Mr. Tahmassebi will help steer the group, which had been under the steady command of Edwards since 2008.
The move represents the latest senior level appointment for Mr. Tahmassebi who is no stranger to the financial services industry after a career spanning seventeen years. Prior to joining ETX Capital in London last year, he worked as the COO of London Capital Group for a little over a year.
The majority of his career was at IG Group, where he hold a variety of roles over fourteen years. This included time spent as its Global Head of Operations, Managing Director – Europe and South Africa, Head of IT Development, President & CEO of IG Markets North America, Global Head of FX Trading, and Senior Dealer, according to information made public on his Linkedin profile.