Zahid Mahmood has left his role as Chief Risk Officer at Taurex UK, according to the UK Financial Conduct Authority Register.

Mahmood served at the company for nearly four years. He joined during its period as Zenfinex. In 2023, the London-based online trading platform rebranded to Taurex, describing the change as part of its strategy to provide traders with additional trading tools and proprietary technology while expanding its global brand.

The executive's departure follows the recent appointment of Matthew Wright as Global CEO. Wright returned to the role after stepping down four years earlier and spending the previous year as a Non-Executive Director. At the time of his appointment, he said the Board had approached him to lead the business, and he resumed the position with immediate effect.

Previous Roles Covered Risk and Compliance

Before joining the company, Mahmood was Director of Trading Risk and Trading Products at Admirals for one year and eight months, focusing on foreign exchange, contracts for difference, derivatives and equity trading.

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Previously, he spent two years and seven months as Director of Compliance and Trading Risk at House of Borse. Earlier in his career, he served as Head of Compliance and Brokerage Desk at FX STAT for four years, overseeing compliance and brokerage operations across FX, CFD and derivatives markets.

Mahmood also worked as an Investment Advisor at Beaufort Securities for seven months before joining FX STAT.

Taurex Completes $40 Million Funding Round

The leadership change comes as Taurex recently completed a $40 million Series C funding round. The financing was led by existing shareholder Oscar Hilt Tatum IV and is intended to support the company's growth plans.

According to the company, the proceeds will be used to expand its back-office infrastructure, develop its mobile trading platform, pursue additional regulatory licences and support international expansion. Taurex said it serves more than 50,000 clients across around 140 countries through its retail brokerage, institutional services and funded trader businesses.