UK-based FX, spread betting and CFDs provider London Capital Group (LCG) has selected Julian Yang to take on the role of its newest Head of China.
In his position as head of China business, Yang will maintain oversight and responsibility for all of LCG’s Chinese operations, including the group’s equities, FX, derivatives, and commodities offerings in the region.
With its core services concentrated on the trading products targeted by the UK and Europe regulators’ recent clampdown, the last few months have been a grim period for the UK’s online retail broker. The ailing company was hit by unexpectedly low levels of market volatility and the threat of the FCA and ESMA tightening their grip on the industry.
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Prior to joining the spread better in May 2019, Julian was most recently the chief executive officer of GQ Capital, an offshore-based brokerage regulated by the International Financial Service Commission in Belize. He served in the CEO role for nearly 13 months, from March 2018 to April 2019.
A veteran in mainland FX industry
Mr. Yang came over to GQ Capital from TigerWit Group, a financial technology company that develops its own copy trading system and trading platform that cover forex, precious metals, and CFDs. During his two-year tenure with the Fintech firm, he was also involved in its China business as one of the TigerWit’s senior management team.
Julian has spent the bulk of his career within the mainland FX industry, entirely based out of Shanghai city. Other stops included working as Saxo Bank’s institutional sales manager for less than a year. He was tasked with expanding the forex bank’s institutional business in China, mainly IBs, API traders and brokers who need liquidity for forex, precious metals and CFDs
Earlier in his career, which dates back to 2010, he joined FXPRIMUS as an account manager, also developing business in China, but this time focusing on both retail clients and IBs.