Advanced Markets has hired Marko Jagustin as its new Chief Risk Officer (CRO), bringing in a veteran with two decades of experience in foreign exchange trading and risk management. The appointment comes as the institutional FX liquidity provider looks to strengthen its risk oversight and fuel expansion plans.

Advanced Markets Hires Jagustin as CRO

Jagustin's career spans major roles across the forex industry. He previously served as Chief Trader at GAIN Capital's Forex.com division and held the Chief Operating Officer position at Finalto. Most recently, he ran liquidity provision operations at Exness, one of the industry's larger retail FX brokers.

His resume also shows a progression through trading floors and risk departments at firms including Alpha Capital Markets, Tradetech Group, and GFT Global Markets. The executive spent a decade at GFT, working his way up to Chief Dealer before moving to senior trading roles elsewhere.

"I am thrilled to be part of a firm with such a strong reputation in institutional FX and CFDs," Jagustin said in a press release sent to FinanceMagnates.com. "I look forward to working with the team to strengthen risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and contribute to the company's ongoing success."

For Advanced Markets, this marks another senior hire in recent months, following the January appointment of former TopFX executive Pelehrinis as Vice President of Institutional Sales for EMEA. In December 2024, the brokerage also strengthened its UK team by appointing Oksana Remez from Finalto as Head of Business Development.

Risk Management Focus Drives Hiring

Advanced Markets founder and CEO Anthony Brocco emphasized how Jagustin's background fits the company's growth trajectory. The firm provides prime-of-prime services and institutional liquidity to 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 CFD trading companies worldwide.

"We are pleased to welcome Marko to our leadership team," Brocco explained. "His deep expertise and proven track record align seamlessly with our strategic goals. We are confident he will play a key role in optimizing our risk framework and supporting our expansion."

The company operates from its U.S. headquarters while serving clients across multiple jurisdictions. Advanced Markets positions itself as a bridge between institutional liquidity providers and smaller forex brokers who need access to deeper markets.

Jagustin's appointment signals the firm's focus on risk management as it scales operations. His experience managing trading operations and liquidity flows at both retail and institutional levels could prove valuable as Advanced Markets navigates volatile currency markets.