Australian brokerage First Prudential (FP) Markets has announced two new appointments, Daniel Bent as Head of FX and Jimmy Pan as Director of Sales. The company says both appointments are in line with FP Markets’ growth plans that also include an expansion into the FX market.
Bent, who has more than 15 years in the financial markets both in Australia and the UK, will be in charge of growing FP Markets’ presence in this competitive market segment. He brings with him a solid track record in the derivatives market including roles in operations, client services and partnership building. Bent previously worked at MXT Global, Vantage FX, AxiCorp, MF Global and others.
“We’ve always had a strong presence and great product offering in the CFD market. And as we grow our presence in the FX sector, we need someone like Daniel who has a solid track record in this market segment,” said Matt Murphie, Managing Director of FP Markets. “Dan is one of the best talents in the FX industry and he brings in a lot of depth into our team.”
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Pan, who brings with him more than 10 years of financial markets experience covering CFD and FX derivatives, will spearhead FP Markets’ sales team as the company aims to increase its market share in the CFD industry in Australia. He previously worked at Invast Securities, GFT Markets and CMC Markets.
Murphie added: “And with Jimmy steering our Sales team, we are confident in growing our market share. Jimmy is well respected in the industry because of his solid sales and client management skills. Both Dan and Jimmy will bring in extensive market experience and I’m confident they will contribute a lot to our growth and expansion efforts.”
“We have seen some very good numbers and encouraging growth in the number of clients and trading volume over the past few months,” said Bent. “In February alone, we saw about 60 per cent increase in funded accounts on a year-on-year basis. This means that even though the market is competitive, we have room to grow and we are focused on delivering more growth,” Bent added.