Roger Hambury, the Executive Director at ACM Group PLC (Alpha), which was recently acquired by TradeTech Group, was promoted to serve as Director with Playtech’s newly-rebranded Financial Services division.
Earlier in August, Playtech agreed a $150 million deal to acquire the assets of privately-owned brokerage firm ACM Group. Playtech’s TradeTech division includes TradeTech Alpha, created to deliver a B2B solution, Markets.com, a provider of CFD and FX trading to retail investors, and MarketsPro, a dedicated B2C brand for high-net worth clients.
In the aftermath of Playtech’s acquisition of Alpha, the parent company has committed to restructuring its financial division. The company’s solid balance sheet comes at a crucial time in the cycle as credit lines demanded by major banks are tight and interest rates are slowly rising.
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TradeTech Group also includes CFH, which it acquired last year.
Prior to Alpha Markets, Mr. Hambury also worked for two years at the listed broker Gain Capital Holdings (NYSE:GCAP) as Director of Institutional Sales and Trading.
Earlier in August, Finance Magnates interviewed senior executives on both sides of the latest Playtech deal – TradeTech CEO Ron Hoffman and Alpha CEO Muhammad Rasoul.
Ron Hoffman explained at the time that the transaction empowers TradeTech with technology, risk management and dealing capabilities. With the growing talent pool that the company is investing in and its solid capital base, the financial unit of Playtech is well geared up to increase its market share.