ETX Capital, a London-based financial spread-betting and contracts-for-difference provider, has recruited Ruark Williams as group head of acquisitions, overseeing a range of tasks relating to the company’s core growth strategy.
Williams brings to the role 15 years of experience in financial services where he has worked on large-scale marketing programs across many sectors. He served as a logistics planner and client co-ordinator during the initial phase of his career and subsequently moved into the FX industry.
Before joining ETX Capital, Ruark was a freelance digital marketer, preceded by a 13-month tenure with FXTM.
ETX Capital has been on a hiring spree over the last few month, most recently installing Daniel Gladding as its new Chief Risk Officer and promoting Kayleigh Lewis as its new Chief Operations Officer.
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The new hires came as part of restructuring plans following its acquisition by Guru Capital SA, a private equity firm based in Switzerland. The financial terms of the deal were not disclosed, but the company already completed the takeover of the trading name of Monecor (London) Limited in October.
Guru Capital bought ETX Capital from UK-based JRJ Group, which in 2007 established a joint venture with the Dutch BXR Group to acquire the broker that was formerly known as TradIndex.
Operating since 2002, ETX Capital is no newcomer to the FX industry as its parent company, Monecor Ltd, was initially incorporated in 1965. ETX, which stands for Electronic Trading, Telephone Trading, and Execution Services, has been on the expansion trail since 2010 when it launched businesses in Germany and South Africa. In 2013, it expanded its international operations, snapping up the local offices of a filed spread better in Greece, Spain and Denmark.