FCA-regulated FX and CFDs broker Valutrades, which recently upgraded its permissions to an “IFPRU €730k” license, has made its latest promotion, elevating Gavin Foster as a Non-Executive Director. His most recent promotion caps off a two-year career with the group where he worked as a strategic consultant to Valutrades since 2016.

Valutrades will surely know to use Foster’s extensive experience and leverage his many connections in the industry to grow its business and help handle increased governance requirement following the approval from the FCA to receive a full scope 730k license.

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In the run-up to receiving its upgraded license, Valutrades has been fortifying its senior management team including bringing in Harry Campbell-Lamerton, formerly of ADS Securities, as Chief Operating Officer. The company has also raised £1.4 million ($1.82 million) from existing shareholders. This money will be put towards increasing the firm’s balance sheet and supporting its continual growth.

Prior to Valutrades, Gavin Foster served as Head of FX and Director of LCG for nearly a decade (since 2005).

Announcing the appointment, Valutrades CEO Graeme Watkins, said: “Over the last two years Gavin has been an exceptional source of advice and guidance as Valutrades has grown it’s retail business to the success it is today. While everyone at Valutrades is very thankful for his input I always felt like we were missing an opportunity by not exploring Gavin’s vast network of institutional relationships. This appointment allows us to do exactly that and we are very excited to start growing the institutional side of our business.”

Gavin Foster added: “Graeme was my first employee at LCG who grew to be an invaluable asset during the 7 years he worked with me. I am delighted that we are working together once more and especially enthusiastic in assisting him build Valutrades into a successful quality service FX brokerage.”