Amana Capital’s bourgeoning UK division has tapped former GCM Prime executive Adam Toro as its new Chief Executive Officer. The group’s unit has been expanding in recent years since securing an FCA license back in 2014. Last month, Finance Magnates reported that Mr. Toro would be joining Amana Capital’s UK group, with larger details of his new role now being brought to light.
In his new role, Mr. Toro will take the reigns of one of the fastest growing groups over the past three years. Since establishing a UK-based subsidiary, the group has consistently expanded its market scope and operations, resulting in multiple office expansions and new licensing agreements.
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This has culminated in the acquisition of one of the most lucrative licenses in the industry from the Dubai Financial Services Authority (DFSA), as well as established a presence in the Dubai International Financial Centre. The group’s decision to install Mr. Toro into the lead role for its UK subsidiary also signals a new era for its ambitions in the region.
This trajectory echoes Amana Capital’s prior expansions and increased regulatory presence in numerous jurisdictions. Mr. Toro joins Amana Capital UK from GCM Prime, having worked as its CEO for over two years dating back to October 2015. The bulk of his career was served at FXCM as its Vice President, Institutional Sales and Business Development for over twelve years, extending back to 2003.
The veteran hire also reflects Amana Capital’s latest bid to pursue top tier talent ahead of broader ambitions in the UK. A wider offering of services could be in the pipeline moving forward for Amana Capital given its growing personnel and emphasis in the region. The hire follows after the group opened a second education portal called TradeCaptain.com, which saw several new hires to its team to develop the portal.