This week's updates focus on notable changes in leadership roles in the forex, multi-asset trading, and securities sectors.
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, Source: LinkedIn
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.
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.
Mike Diedrichs, Source: LinkedIn
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.
OANDA Promotes Lucian Lauerman as Deputy Chief Operating
Officer
OANDA, an online multi-asset 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.
Lucian Lauerman, Source: LinkedIn
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.
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.
Jeffrey Navarro, Source: LinkedIn
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 landscape.
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.
Naomi Rarmani, Source: LinkedIn
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.
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.
Mark Sheng, Source: LinkedIn
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.
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.
Wayne Byres, Source: LinkedIn
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.
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, Source: LinkedIn
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.
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.
Mike Diedrichs, Source: LinkedIn
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.
OANDA Promotes Lucian Lauerman as Deputy Chief Operating
Officer
OANDA, an online multi-asset 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.
Lucian Lauerman, Source: LinkedIn
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.
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.
Jeffrey Navarro, Source: LinkedIn
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 landscape.
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.
Naomi Rarmani, Source: LinkedIn
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.
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.
Mark Sheng, Source: LinkedIn
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.
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.
Wayne Byres, Source: LinkedIn
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.
Thomas Kareklas Joins BridgeWise to Lead Expansion Into CFD Broker Segment
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
