On Friday, TradeZero announced the appointment of Ila Jehl as the CEO of its new clearing business. Moreover, TradeZero has expanded its team with the addition of Colette Rex as the COO. The latest announcement from TradeZero came nearly two months after the company signed an agreement with Dune Acquisition Corporation.
TradeZero called the latest appointments as an integral part of the company’s expansion plan. The company aims to provide efficient services through its planned securities clearing business. Both Jehl and Rex have extensive experience in the global corporate sector.
“Ila and Colette have tremendous experience in the securities clearing space,” said Daniel Pipitone, the CEO and Co-Founder of TradeZero. “They have successfully launched and managed several clearing businesses, and we’re fortunate to have them on board to launch our self-clearing division. Self-clearing should enable us to provide new service opportunities for our customers, create new revenue opportunities, reduce costs and increase margins."
In November 2021, TradeZero announced the appointment of Joshua Choi as the company’s new Chief Financial Officer (CFO).
Jehl and Rex
Jehl was the CEO of Futu Clearing. In his broad career, Jehl served in different positions including his time as the CEO of TradeOptimizer Group. In contrast, Rex spent approximately 37 years in the financial sector. Most recently, Rex worked as COO of Futu Clearing.
"The appointments are part of TradeZero’s plans to expand services and profit centers for its subsidiaries. As previously announced, TradeZero signed a definitive agreement on October 12, 2021, with Dune Acquisition Corporation (Nasdaq: DUNE, DUNEW, DUNEU) ('Dune'), a special purpose acquisition corporation, which would result in TradeZero becoming a publicly-traded company under the name TradeZero Global Inc,” the company added.
TradeZero Holding Corp. owns TradeZero, Inc., a Nassau, Bahamas-based broker-dealer serving international clients since 2015. The company offers a broad range of services.
