This week witnessed a slight uptick in executive appointments, promotions, and transitions across forex, multi-asset trading service providers, digital assets, and securities exchanges compared to last week.

The moves begin with the departure of PrimeX Broker Deputy General Manager Mustafa Basil; the appointment of Former HyperTrader COO Mike Diedrichs at BOSONIC as CRO; the promotion of Lucian Lauerman as OANDA Deputy Chief Operating Officer; the transition of Taurex's Former Executive Jeffrey Navarro to AvaTrade; Naomi Rarmani returns to eToro as Head of Compliance Operations; Taurex promotes Mark Sheng as Commercial Director; ASX announced Board changes: Wayne Byres joins, Yasmin Allen steps down.

Dive into the dynamic landscape of executive movements in the forex, multi-asset trading services, digital assets, and securities sectors through our weekly executive summary. Explore the unfolding leadership transitions in these crucial segments.

Executive Moves of the Week

PrimeX Broker Deputy General Manager Mustafa Basil Announces Departure

Mustafa Basil recently announced his departure from PrimeX Broker, marking the end of a significant chapter in his career.

Based in Dubai, Basil served as the Deputy General Manager from May 2023 to April 2024 and as the Marketing Manager from August 2022 to May 2023. With an educational background in Laser and Optical Engineering, Basil's departure from PrimeX Broker leaves the financial community curious about his next steps.

Find out more about Mustafa Basil's exit from PrimeXBroker.

BOSONIC Appoints Former HyperTrader COO Mike Diedrichs as CRO

Mike Diedrichs stepped into the role of Chief Revenue Officer at BOSONIC, signaling a new phase of growth for the organization. Before his tenure at BOSONIC, Diedrichs amassed valuable experience in leadership roles across prominent organizations. Notably, his time as Chief Operating Officer and Head of Business Development at HyperTrader underscores his industry experience.

His diverse career path includes stints as a Corporate Strategy Consultant and Chief Business Development Officer at Fluent Finance, where his expertise in marketing strategy and business development contributed to the company's success. Diedrichs's journey in the financial sector also includes pivotal roles at NEST Financial Group, where he demonstrated proficiency in marketing and operations.

Display more about BOSONIC's appointment of Former HyperTrader COO Mike Diedrichs as CRO and his wealth of experience in the new role.

OANDA Promotes Lucian Lauerman as Deputy Chief Operating Officer

OANDA, an online multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term trading service provider, announced the promotion of Lucian Lauerman to Deputy Chief Operating Officer, marking a strategic move within the company's leadership team. Lucian Lauerman's tenure at OANDA has been marked by significant contributions and growth. Initially, Lauerman joined the firm as the Head of Data Services in 2019 before his subsequent role as the Head of Digital Assets.

In addition to Lauerman's promotion, OANDA experienced leadership changes earlier this year. Jessica Beckstead, the CEO of OANDA US, expanded her role as the Head of FX Data Services. With an extensive background in the financial services industry, Beckstead brings over two decades of experience to her expanded responsibilities, emphasizing the importance of data-driven insights in today's financial markets.

Expose more about Lucian Lauerman's promotion to the role of Deputy Chief Operating Officer and his remarkable career background.

Taurex's Former Executive Jeffrey Navarro Moves to AvaTrade

The forex industry witnessed a notable executive move as Jeffrey Navarro, a seasoned industry expert, moved from his former role as Head of LATAM at Taurex to assume the position of LATAM Regional Manager at AvaTrade.

Jeffrey Navarro's expertise in the forex industry spans various key roles, including his tenure at Taurex, Tickmill, AxiCorp, and Forex Capital Markets. His diverse experience and leadership capabilities position him as a valuable asset for AvaTrade's expansion efforts in the LATAM region.

Meanwhile, Taurex recently underwent its own transformations, including rebranding initiatives and funding rounds aimed at enhancing its technological capabilities. With plans to strengthen its presence in both consumer and business markets, Taurex is poised for continued growth and innovation in the evolving forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term landscape.

Reveal more about Taurex Former Executive Jeffrey Navarro's transition to AvaTrade.

eToro Welcomes Back Naomi Rarmani as Head of Compliance Operations

eToro announced the return of Naomi Rarmani as the Head of Compliance Operations. Rarmani's career trajectory highlights her expertise in compliance and operational management. Before rejoining eToro, she held key roles at Rapyd and Fundbox, where she gained experience in regulatory compliance and risk management. Notably, her earlier tenure at eToro saw her rise from a Customer Care Representative to a Compliance Team Leader.

While welcoming Rarmani back into its fold, eToro is actively pursuing regulatory approval in Singapore, with an application submitted to the Monetary Authority of Singapore. Despite being headquartered in Israel, eToro maintains a global presence with regulatory licenses across multiple countries, including the United Kingdom, Cyprus, and Germany.

Find out more about Naomi Rarmani's return to eToro as Head of Compliance Operations and recent developments in the multi-asset investment firm.

Taurex Promotes Industry Veteran Mark Sheng as Commercial Director

Taurex, formerly Zenfinex, announced the promotion of Mark Sheng to the position of Commercial Director, leveraging his extensive industry experience after serving as Head of APAC. Mark Sheng's career trajectory showcases his expertise in the forex and CFD brokerage sphere, having held key roles at prominent firms such as Ec Markets, Trade Nation, OvalX, and ActivTrades.

Meanwhile, Taurex's recent rebranding signified a pivotal moment in the company's evolution, aligning with its commitment to offering trading solutions amidst technological advancements. Under the leadership of CEO Nick Cooke, Taurex emphasized the convergence of technology and trading, introducing tools and platforms to enhance the trading experience for its global community.

Read more about Mark Sheng's promotion as Commercial Director at Taurex and the firm's recent rebranding efforts.

ASX Announces Board Changes: Wayne Byres Joins, Yasmin Allen Steps Down

ASX Limited (ASX) unveiled significant changes to its Board with the appointment of Wayne Byres as a non-executive Director as Yasmin Allen prepares to retire after years of service. Wayne Byres, a seasoned figure in financial services regulation, joined ASX's Board with over three decades of experience. His background includes notable positions such as Chair of the Australian Prudential Regulation Authority and Secretary General of the Basel Committee on Banking Supervision.

Simultaneously, ASX announced the impending retirement of Yasmin Allen, who has served on the Board since February 2015. Damian Roche, the Chair of ASX Limited, commended Allen for her contributions and steadfast dedication, noting her keen commercial perspective and shareholder-centric approach throughout her tenure.

Discover more about ASX's new Board changes and the appointment of Wayne Byres.