Finn Jakobsen has stood down from his role as Executive Director with Fair Trading Technology (FTT) to focus solely on developing the business of BMFN Prime.
Jakobsen has already stepped down from his CEO role at FTT Sweden AB in September 2017 but continued to be involved with the company as Executive Director and member of the board of directors.
Earlier in September 2017, BMFN Group acquired a controlling interest in Fair Trading Technology (FTT Sweden AB). The partnership between the companies came as the former was launching its new prime offering.
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The strategic partnership was to deliver key technology to enable two new businesses. BMFN Prime is to focus on providing liquidity and technology, while the Swedish company launched FTT Markets, a brokerage for introducing brokers and retail clients.
BMFN Prime has been managed by Finn Jakobsen as Executive Director and Mark Bringans, who continues in his role as CEO of BMFN Pty Ltd.
Finn Jakobsen had originally joined Fair Trading Technology in 2013 as Chief Operating Officer of the rapidly growing technology provider. Prior to that, he was a mainstay at Saxo Bank’s Global Institutional Business, focusing on White Label business and commercial coordination of Saxo Direct FX liquidity to institutional clients, brokerages and hedge funds.
Commenting on the news, Mr. Jakobsen said: “Today marks my last day with FTT. This is all part of a process, and I am looking forward to increase my focus on developing BMFN Prime. It has been five exciting years in Sweden – and I am sure that the team there will be doing great – they do have some really good solutions – try them.”