Finance Magnates has learned exclusively that Rostro Group, a fintech group of companies including Scope Markets trading brand, has named industry veteran Mark Foulger as Managing Director of Digital Asset Innovation.

Rostro Group Appoints Mark Foulger to Lead Digital Asset Innovation

In his new role, Foulger will spearhead strategic planning for digital assets, including developing systematic market making and automated risk management strategies. He will also oversee the creation of alpha generation models across multiple asset classes.

Foulger brings over two decades of experience in FX sales, market making, hedge funds, broker-dealers, and technology firms to the position. His appointment comes as Rostro Group seeks to bolster its capabilities in leveraging data and technology for multi-asset, multi-jurisdictional brokerage operations.

In the past, he was the Director of Sales at Tokkyo FX, and since 2022, he has been running his own brokerage brand, Ellipse Trading.

“Mark is a powerful addition to the team,” Michael Ayres, the CEO of Rostro Group shared with Finance Magnates. “We believe this underlines the fact that Rostro Group is a true powerhouse in the CFD, FX and investing field.”

The hire follows recent developments at Rostro Group, including a rebranding effort Finance Magnates exclusively revealed on Monday, encompassing both the parent company and its recently acquired subsidiary, Scope Markets. The group has also launched new products such as fractional unleveraged equity CFDs as part of its strategy to expand financial inclusion.

“The CFD and FX trading industry is now truly a mature one and for many that seems to have dampened the demand to innovate. However, Rostro Group is a genuine exception here, as can be seen with the launch of multiple new products and investing initiatives,” Foulger commented on his appointment. “I am delighted to be part of the team and look forward to participating in this fast-growth business which is shaping the future of investing.”

Founded in 2021, Rostro Group operates regulated brokerage houses in six jurisdictions worldwide, offering execution and clearing services for listed securities and OTC derivatives to global clients.

Rostro Group's Hiring Spree

Foulger's appointment is part of a broader trend of strategic hires at Rostro Group and its subsidiaries. The company has been actively strengthening its leadership team across various divisions in recent months.

Just this week, Scope Markets welcomed Fraser Nelson as its new Global Head of Business Development. Nelson, with over a decade of experience in leveraged trading, will be responsible for driving the company's worldwide retail growth strategies.

Last month, Scope Prime, Rostro Financial Group's institutional liquidity arm, expanded its presence in Southeast Asia by appointing Miranti Rostian as Head of the region. Rostian brings 16 years of industry experience to her new role, having previously served as Vice President of Prime Brokerage Sales at Maybank Investment Banking Group in Singapore.

Earlier in June, Andrew Taylor joined Scope Prime as Head of APAC operations. Based in Sydney, Taylor is tasked with establishing and growing the company's market share across the Asia-Pacific region, with an initial focus on setting up the regional office.

The company's hiring strategy appears aimed at positioning itself as a major player in the evolving landscape of prime brokerage and capital markets.