Stater Global Markets (Stater), an institutional prime of prime brokerage, has just announced that it has appointed Simon Henry as Head of Compliance. Henry’s core role is to ensure the company is fully compliant with its obligations under its UK Financial Conduct Authority (FCA) license.
Henry joins Stater with over 20 years of experience in the FX industry, with 17 of them being in compliance-based roles. During his career, he has held positions such as Head of Compliance at GAIN Capital Forex.com, London Capital Group, ETX Capital, LMAX Exchange and Goldenway Global Investments.
He has also worked in forex companies such as HIFX and Moneycorp. Henry is a Fellow of the International Compliance Association.
Commenting on the appointment, Ramy Soliman, CEO, Stater Global Markets said in a statement: “Simon brings invaluable expertise to Stater and in-depth knowledge of regulatory environments in key jurisdictions in our industry. I am looking forward to working with him – he is a welcome addition to the team.”
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Simon Henry also commented on the new position: “having spent most of my career in compliance roles in retail FX, I was keen to capitalise on my experience and work in an institutional environment. Stater Global Markets is a young, dynamic and highly professional firm which is growing rapidly. This is a great opportunity for me.”
Head of compliance
Henry is the third person to be appointed as Head of Compliance at Stater in the past year and a half.
In February last year, David Dohmen was appointed to the position. Before joining the company his most recent role had been Director of Compliance & Operations at prop trading firm Ronin Trading UK/Europe. However, he only held the position at Stater for a month.
In April, Marc Stenzel was then appointed Head of Compliance. Stenzel joined the team with a decade’s worth of experience in international compliance. He worked for the company for a year and three months and is being succeeded by Henry.
Stater also made another major hire just this month as the broker announced that Mark Chesterman had joined the firm as Chief Operating Officer.