Eightcap, a forex and contracts for differences (CFDs) broker, has onboarded Alex Howard as the new Chief Executive Officer. He has replaced Joel Murphy, who has now taken up the part-time role of Non-Executive Chairman at the broker.

Alex Howard Becomes Eightcap CEO

"New year, new continent – Excited to start a fresh chapter in Melbourne as the CEO of Eightcap," Howard wrote in a Linkedin post.

"After a fulfilling stint in Singapore, I am eager to bring my experience and leadership to this dynamic organization and its talented global team. I am confident with the passion and drive of the Eightcap team; we will achieve great things and make a positive impact in the industry. Let's make it happen!"

Headquartered in Melbourne, Australia, Eightcap offers retail counterparty trading with forex and instruments of other asset classes. Additionally, the platform expanded its offerings and added more than 250 cryptocurrency CFDs. It operates globally with regulatory licenses in four jurisdictions: Australia, the United Kingdom, The Bahamas, and Cyprus.

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Howard's Strong Experience in APAC

Howard joined Eightcap from StoneX, where he was the Head of Retail for the Asia-Pacific region. Initially, he was the Senior Vice President and Managing Director for APAC at GAIN Capital, which StoneX acquired for $236 million in mid-2020.

He brings solid experience from the retail trading space to his new apex role at the Aussie brokerage. According to his Linkedin profile, he joined the industry in 2006 with a position at BGC Partners, which has been rebranded to BGC Group. His most significant experience in the industry was his time at IG. He joined the London-headquartered broker as the Head of Operations in September 2010 and stayed in that role for a couple of years. Later, he became a Vice President at IG and was promoted to Head of IG, Japan. He parted from IG in March 2018 as the Head of Asia Pacific.