Exclusive: Colmex Israel VP Sales Steps Down
- Colmex Israel acquired three of its local competitors over the past year.
Elad Rosenblum, VP Sales at Colmex Israel, has stepped down 10 months after he took on the role, Finance Magnates has learned. Colmex Israel is one of the six local brokers authorized by the Israeli Security Authority to offer Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading.
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According to his Linkedin profile, Mr Rosenblum joined Colmex almost three years ago as a Retention Account Manager. Two years later he was promoted to Chief Sales Manager. He held this role for two and a half years before stepping into the role of VP Sales in October 2016. Before joining Colmex, Rosenblum was a Sales and Relationship Manager for FX-Broker for three years.
Elad Rosenblum commented: "I worked at Colmex for more than four years, during which I was given the opportunity to be involved with product development, market trading, mergers and acquisitions, and more. I thank Colmex for investing in me and I wish them every success for the future."
Since getting its license late 2016, Colmex has made a few strategic business moves that have made it the biggest forex and CFD broker in terms of local clients. In March, Colmex Israel completed its third competitor acquisition in the market, buying up the last Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term still in the middle of the licensing process – Protrade Solutions LTD.
This followed the acquisition of the client list of Israeli forex broker Smart-Capital, which was in the midst of its own licensing process in June 2016, and then the Matach24 acquisition in December of 2016.
Colmex Israel declined to comment on the story.
Elad Rosenblum, VP Sales at Colmex Israel, has stepped down 10 months after he took on the role, Finance Magnates has learned. Colmex Israel is one of the six local brokers authorized by the Israeli Security Authority to offer Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading.
The London Summit 2017 is coming, get involved!
According to his Linkedin profile, Mr Rosenblum joined Colmex almost three years ago as a Retention Account Manager. Two years later he was promoted to Chief Sales Manager. He held this role for two and a half years before stepping into the role of VP Sales in October 2016. Before joining Colmex, Rosenblum was a Sales and Relationship Manager for FX-Broker for three years.
Elad Rosenblum commented: "I worked at Colmex for more than four years, during which I was given the opportunity to be involved with product development, market trading, mergers and acquisitions, and more. I thank Colmex for investing in me and I wish them every success for the future."
Since getting its license late 2016, Colmex has made a few strategic business moves that have made it the biggest forex and CFD broker in terms of local clients. In March, Colmex Israel completed its third competitor acquisition in the market, buying up the last Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term still in the middle of the licensing process – Protrade Solutions LTD.
This followed the acquisition of the client list of Israeli forex broker Smart-Capital, which was in the midst of its own licensing process in June 2016, and then the Matach24 acquisition in December of 2016.
Colmex Israel declined to comment on the story.