The number of executive moves surged again in the second week of this month, with notable moves coming from the stock exchange, fintech, forex, and bitcoin mining sectors.

BUX named new Chief Risk and Compliance Officer amid acquisition; London Stock Exchange Group's Patrick Strobel moved to LCH as Chief Technology Officer; Lubomir Kaneti took the Helm at SparkMarkets; IG Group tapped Tomas Ausra for Head of Marketing role; Clear Street appointed Edward Tilly, former CBOE CEO, as President; CME Group appointed Mike Dennis to lead Global Fixed Income Division; IG Group's former CFO took the helm as CFO and Executive Director at BMS.

Other executive moves include Bitcoin miner Bitfarms promoting Ben Gagnon as CEO, BDSwiss' former MENA CEO Daniel Takieddine launching a new brokerage firm, Trent Hoerr stepping up as CEO of BullRush following a stint at FPFX, an ex-Instinet executive joining Liquidnet to boost cross-border trading, and Pepperstone's CMO Tony Gruebner bid farewell after a four-year tenure.

Delve into our executive move segment for this week as we highlight the most important executive appointments, promotions, and exits from notable brands.

Executive Moves of the Week

BUX Names New Chief Risk & Compliance Officer amid Acquisition

Dutch neobroker BUX, owned by ABN AMRO, appointed Nontya Mtshaulana as Chief Risk & Compliance Officer and member of the Management Board. Mtshaulana's new role will begin on 1 September 2024, where she will lead the company’s risk, legal, and compliance efforts and ensure practices that safeguard the interests of clients and stakeholders.

Interestingly, Mtshaulana will join BUX from ABN AMRO, the Dutch lender that recently completed the acquisition of the local neobroker. She has been with ABN AMRO for almost eight years and currently holds the role of Programme Manager of Sustainable Finance Regulations. Mtshaulana is a Chartered Accountant and CFA Charterholder with over 15 years of experience.

Discover more about the appointment of Nontya Mtshaulana as BUX's new Chief Risk & Compliance Officer and the latest acquisition.

London Stock Exchange Group's Patrick Strobel Moves to LCH as Chief Technology Officer

In the UK, the global clearing house LCH, which was acquired by the London Stock Exchange Group (LSEG), named Patrick Strobel its Chief Technology Officer. Strobel has been with LSEG as the Head of SwapClear and Regulatory Reporting Technology for more than three years.

Strobel has held the role of Head of Securities Technology and UnaVista at the LSEG until 2022. The veteran executive has also worked for other major industry brands in the past, including Liquidnet, Deutsche Bank, and JPMorgan. At Liquidnet, he dedicated more than three years, rising from the role of the Head of Technology for EMEA and later serving as the Chief Technology Officer. Similarly, at Deutsche Bank, he joined as the Vice President for European Head of Equity Trading Analytics and later served as the Director.

Learn more about Patrick Strobel's transition to LCH as CTO.

From FXDD COO to CEO: Lubomir Kaneti Takes the Helm at SparkMarkets

In yet another executive move, Lubomir Kaneti announced his new role as CEO of SparkMarkets, a firm specializing in premium SAAS Trading Technology and Services. SparkMarkets offers products, including brokerage packages, web and mobile trading platforms, ERP/BO and CRM solutions, crypto and fiat payment integrations, and AI solutions for customer engagement.

Before his latest appointment, Kaneti was a Member of the Board of Advisors at Magnifina, where he provided strategic advice on business plans and strategies. He also held the position of Interim Chief Operations Officer at a start-up SEC-registered investment advisor firm, reportedly contributing to a 10% growth in Assets Under Management (AUM) during his tenure. His experience includes a role as Chief Commercial Officer at Trading.com US.

Reveal more about the promotion of Lubomir Kaneti as CEO at SparkMarkets.

IG Group Taps Tomas Ausra for Head of Marketing Role

IG Group's Global Institutional Marketing Manager Tomas Ausra switched to the Head of Marketing role. Ausra, who has served as the Global Institutional Marketing Manager for nearly five years, will lead the group's brand marketing activities worldwide. His new responsibilities include raising brand awareness, generating marketing strategies, and focusing on profitability.

Ausra is an experienced marketing executive who has worked with notable industry brands. Until 2019, he was the Acquisitions Digital Marketing Executive at Euromoney Institutional Investor. The Lancaster University alumnae has also worked for Procurement Leaders and Delve.

Find out more about Tomas Ausra's new role as the Head of Marketing at IG Group.

Clear Street Appoints Edward Tilly, Former CBOE CEO, as President

Meanwhile, Clear Street, a cloud-native financial technology firm focused on modernizing the brokerage ecosystem, appointed Edward Tilly as President. Tilly joined Clear Street following a decade-long tenure as Chief Executive Officer at CBOE Global Markets, during which he reportedly increased market capitalization from $2.0 billion to over $18.0 billion.

His leadership was marked by initiatives such as the acquisition of BATS Global Markets in 2017 and the introduction of financial products like zero-days-to-expiration options. Tilly brings experience and a proven track record of success in managing a publicly traded company to Clear Street. In his new role, he will collaborate closely with Chris Pento, Clear Street's Chief Executive Officer, to steer the firm through its next growth phase.

Disclose more about Clear Street's appointment of Edward Tilly as President and his previous role at CBOE.

CME Group Appoints Mike Dennis to Lead Global Fixed Income Division

CME Group appointed Mike Dennis as the Global Head of Fixed Income in the latest effort to boost its interest rates business. Dennis, who is experienced in trading and clearing, will reportedly take on this role beginning August 5. He will directly report to CME Group's Chairman and CEO, Terry Duffy.

Speaking about the appointment, Duffy mentioned: "We are extremely pleased to add the expertise of Mike Dennis, a long-time industry professional, to our leadership team to oversee our significant and growing interest rates business, which increased 14% in Q2. As a former trader himself, Mike's deep trading, clearing, and prime brokerage knowledge, as well as his hands-on markets experience, will bring a unique perspective to this role that will benefit our clients and our organization."

Identify more about Mike Dennis' new position as Lead Global Fixed Income Division at CME Group.

Former IG Group CFO Takes Helm as CFO & Executive Director at BMS

Charlie Rozes will assume the role of CFO and Executive Director at BMS Group in November. Rozes, currently based in London, will report directly to BMS Group CEO Nick Cook. He succeeds Nick Moss, who is set to retire from the company.

Rozes has a wealth of experience, having served as Chief Financial Officer and Executive Director at IG Group since June 2020. During his tenure, he led strategic initiatives that reportedly transformed IG Group into a global multi-asset class online trading platform and digital content provider.

Show more about IG Group's former CFO Charlie Rozes' career move to BMS.

Bitcoin Miner Bitfarms Promotes Ben Gagnon as CEO

In the Crypto space, mining firm Bitfarms appointed Ben Gagnon as its Chief Executive Officer in a move the company said marks a new chapter as it seeks to expand and diversify its operations beyond Bitcoin mining. Gagnon, formerly Chief Mining Officer, has reportedly been a key player in Bitfarms' rise within the Bitcoin mining industry.

Under Gagnon’s leadership, Bitfarms plans to explore new areas such as energy generation, heat recycling, energy trading, and high-performance computing for artificial intelligence. During his tenure as the Chief Mining Officer, Ben reportedly played a significant role in the development of Bitfarms’ growth plan.

Discover more about Bitfarms' promotion of Ben Gagnon as CEO.

BDSwiss' Former MENA CEO Daniel Takieddine Launches New Brokerage Firm

BDSwiss’ former CEO for MENA, Daniel Takieddine, founded a multi-asset brokerage startup that aims to empower investors to take control of their financial decisions. Takieddine, who served as BDSwiss CEO for MENA for three years, announced his new role as the Co-founder and CEO of Sky Links Capital Group this week.

According to Takieddine’s profile, Sky Links Capital Group seeks to offer a platform for trading a range of assets, including equities, bonds, commodities, and currencies. The company description reads: “Skylinks Capital equips clients with advanced tools and real-time market insights, enabling them to execute trades swiftly and confidently. Our focus on transparency and competitive pricing ensures that investors receive the support they need to navigate the complexities of global financial markets independently and effectively.”

Learn more about Daniel Takieddine's new startup and his new role in the firm.

Trent Hoerr Steps Up as CEO of BullRush Following Stint at FPFX

Trent Hoerr took on a new role as the Chief Executive Officer of BullRush. Hoerr has served as Global Committee Member at Glappitnova, a Chicago-based week-long festival aimed at uniting young influencers and aspiring leaders across various industries through storytelling sessions, artistic exhibitions, and interactive experiences.

Prior to this, Hoerr was the Chief Operating Officer at FPFX Technologies from July 2020 to July 2024, based in Boca Raton, Florida. FPFX Technologies specializes in developing customized FX brokerage and trading solutions for a wide range of clients, including retail traders, institutional traders, money managers, and hedge funds.

Discover more about Trent Hoerr's new position as the CEO of BullRush.

Ex-Instinet Executive Joins Liquidnet to Boost Cross-Border Trading

Liquidnet onboarded Jeffrey Crane as the Head of International in the Americas to boost its cross-border trading capabilities, which currently span 57 global equity markets. Crane brings over 20 years of experience in institutional equity trading to his new role as the technology-driven agency execution specialist.

He joins the firm from SageTrader, where he served as managing director and Head of Sales, overseeing domestic and international trading growth. Previously, Crane spent more than two decades at Instinet, managing the company's cross-border business as Head of their International Desk in New York.

Disclose more about Liquidnet's onboarding of Jeffrey Crane as the Head of International in the Americas.

Pepperstone's CMO Tony Gruebner Bids Farewell after Four-Year Tenure

Tony Gruebner ended his tenure as the Chief Marketing Officer of Pepperstone this week. In a statement on LinkedIn, Gruebner said that it was an opportunity to lead a team and help transform the Australian finance brand.

Some of his achievements at Pepperstone include creating a YouTube channel, including the Trade-Off show, which is now produced in four countries and three languages. He also noted sponsorships with the ATP Tour, Geelong Cats, Adelaide Strikers, and South East Melbourne Phoenix. Additionally, he oversaw the development and release of the Pepperstone trading app. Gruebner also mentioned three global brand campaigns with Saatchi & Saatchi NZ, including one with John McEnroe.

Find out more about the exit of Pepperstone's CMO Tony Gruebner.