Centroid Solutions, a provider of risk management technology solutions for FX brokers, has appointed industry veteran Cristian Vlasceanu as its Chief Executive Officer.
Vlasceanu has over 15 years of experience in the financial and IT industries and has been well versed with forex, CFDs, options and equities products. The new hire is coupled with an expansion in the operational base of the technology provider.
In his new role, Vlasceanu will lead the growth of Centroid’s overall business solutions, with a focus on operational execution and product development. The company provides a wide array of services to the brokerages, including risk management services, connectivity, aggregation and regulatory reporting.
Additionally, Centroid Solutions delivers tailored solutions to foreign exchange and CFDs brokers seeking improved risk visibility, including a proprietary bridge solution for connectivity. Its Centroid 24 risk management suite collects data and produces conclusions that help brokers understand their profitability on both A-book and B-book models of operation.
Most recently, Cristian has spent 13 months as CEO in the software development and services arm of GMI Group, Finstek.
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Prior to that, he held a similar role at FX technology provider, PrimeXM in February 2016, succeeding Clive Diethelm, the company’s Founder and inaugural CEO since its inception back in 2010. He stepped down from his role in December 2019 after just under three years at the helm.
Centroid Solutions Expands Reach and Product Scope
Vlasceanu spent the bulk of his career at PrimeXM and his ascension to the rank of CEO came after nearly a five-year tenure with the group, where he worked in multiple senior-level roles. Moreover, he worked as the group’s Chief Operating Officer (COO) since July 2012, having originally joined PrimeXM back in September 2011 as a software engineer.
“Significant headway has been made in the last couple of years to grow the business and place Centroid Solutions on a strategic position in the market. I am truly looking forward to being part of this journey and feel very confident in the opportunity to create a global leader in a growing industry,” stated Cristian Vlasceanu.
“I am delighted to welcome Cristian to Centroid Solutions. Cristian brings with him a great mix of leadership, in-depth knowledge, and operational experience with a proven track record in the fintech industry. I am confident that Cristian will drive the growth of Centroid Solutions,” added Ziad Aboujeb, Co-founder of 180 Capital.
With its new appointment and an integrated approach to the market, Centroid Solutions is venturing deeper into what is a competitive space in the retail brokerage industry. In 2019, the company expanded its operations to Cyprus, which marked the fourth major geography since the firm established its presence in Dubai, Zurich and Australia.