Jacob Nel has been appointed as the new CEO of IKON Australia according to his LinkedIn profile. The company which has been providing technology and liquidity services to brokerages is appointing a new CEO after a set of legal disputes between IKON Multibank Group and IKON Australia Pty.
Nel joins the company after holding several executive positions in the foreign exchange brokerage industry. After serving as a senior executive of business development at Australian brokerage Vantage FX between 2011 and 2013, he joined Royal Financial Trading as an Associate Director.
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Finance Magnates has reached out to the company for a comment, but at the time of publication no response has been received.
Ikon Australia Pty is part of Ikon International Hong Kong PCL, which is registered in Hong Kong and is a joint venture of Ikon Group Ltd owned by Engin Yikilmazoglu and Ikon Financial Group Ltd, which is also formerly known as Multitrade Financial Group Holding, fully owned and controlled by Naser Taher.
Sources with knowledge of the matter have been claiming that the ownership of the joint venture between the two shareholders was resolved with a settlement, however no official confirmation from the parties is available at the moment.