Forex Magnates has learned that Eyal Wagner, Director of Leverate CY Limited (Cyprus), has departed from his position with the company to join Safecap Investments Ltd, which operates under the trading name Markets.com, where he will assume the role of CEO for their Cyprus operations, according to people familiar with the matter.

This news follows Markets.com recent hire of David Aranzabal to the position of Chief Technical Analyst earlier this month, as the firm appears to be making some key additions to its management and staff. The Cyprus-based broker licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm (CIP), has made several acquisitions in recent years including rebranding itself under a new name.

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While Mr. Wagner is not available for comment as of yet regarding our article, and further details are not available concerning the reasons for his executive move, Forex Magnates will keep our readers updated when permitted and will also discuss how CEOs think, as well as gaining insight from their opinions and experience, and how it can be useful to learn as they are the ones who often have an impact on the industry or help to shape it.

In related news, Forex Magnates recently interviewed Leverate’s co-founder and CEO, Ran Strauss, after the company announced plans for continued expansion of its R&D’s initiatives with new office locations.