Timothy O’Sullivan, Chief Risk Officer at GAIN Capital, left the company earlier this month after spending more than 20 years with the financial services provider.
According to the latest filing by the company, O’Sullivan left GAIN Capital on 12 April 2021. He joined the firm in 2000 as a Chief Dealer and served in the position for about 12 years. In August 2012, GAIN Capital promoted O’Sullivan as Chief Risk Officer (CRO).
O’Sullivan is an industry veteran with more than 30 years of experience in international financial markets. He holds a civil engineering degree from the University of Delaware.
“Multi-asset class Global Chief risk officer with over 30 years of experience. Responsible for development and integration of enterprise risk management system. Management of day-to-day risk operations reporting to the CEO and Board of directors. Ensuring prudent capital planning through risk process and ICAAP,” O’Sullivan’s LinkedIn profile states.
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GAIN Capital is a leading foreign exchange trading services provider. Founded in 1999, the US-based company was acquired by StoneX last year.
Since the acquisition of GAIN Capital by StoneX, the company has seen a surge in executive moves. Earlier this month, Finance Magnates reported about the appointment of Nick Saunders, a senior executive, as the company’s new Head of Cash Equities. StoneX recently appointed Elyes SAAFI, former Marketing Partnership Lead at IG, as the company’s new Global Head of Marketing Partnerships.
The acquisition of GAIN Capital caused a spike in the FX revenues of StoneX. During the latest financial results, StoneX reported a significant growth in FX and CFDs business. “We have made good progress on integrating Gain, including realizing cost synergies, and are actively developing revenue synergy opportunities,” StoneX CEO, Sean M. O’Connor said at the time of the announcement of the company’s Q1 results.
GAIN Capital Japan recently changed its name from ‘Gain Capital Japan Co., Ltd.’ to ‘Stone X Financial Co., Ltd.’