There appears to be a new General Manager at Australian foreign exchange (forex) and contracts for difference (CFD) broker, IC Markets, Finance Magnates has learned, with Nick Twidale assuming the role.

The new position was made public via Twidale’s LinkedIn account, which states that they commenced their new role in December of this year and is based in the company’s office in Sydney.

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It is not clear what duties will befall Twidale. Finance Magnates has reached out to both IC Markets and Twidale, but at the time of publishing, we have not yet received a response.

Nick Twidale’s career before IC Markets

Twidale has a long career in the forex space, more than two decades worth, in fact. According to his LinkedIn profile, he kick-started his career in the industry with the Commonwealth Bank of Australia, where he was an FX trader.

Specifically, Twidale joined the largest bank in Australia in 1998. In this role, he managed spot EUR, GBR, CHF, and Scandinavian currency books within appropriate risk limits and traded all major G7 currencies.

After eight and a half years with the Commonwealth Bank, Twidale moved on to work for RBC Capital Markets, where he held the position of Vice President, Senior forex trader for slightly more than four years.

In his capacity as a senior FX trader, he managed spot FX AUD and NZD currency books within appropriate risk limits, traded all major G7 currencies, including EUR, GBP, CAD, and FX Options on a proprietary basis.

During his career, Twidale was most notably the Chief Operating Officer (COO) at Rakuten Securities Australia, which he held for just under three years. As the COO for the broker’s Australian operations, he was responsible for running all the day to day operations of Rakuten Securities Australia, his LinkedIn states.

During his more than 20-year career, Twidale has also worked at a number of other recognizable FX companies, such as IronFX, Newedge, and T4T Capital, among other companies.