Sam Steele has joined Rostro Group as Group Chief Strategy Officer; he announced on LinkedIn today (Thursday).

The appointment follows the hiring of Kate Mason-Keaney as Chief People and Organization Officer and the promotion of Pavel Spirin to Group Chief Growth Officer, as the four-year-old financial services holding firm prepares for what it calls “aggressive growth.”

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The moves come as Rostro seeks to expand beyond traditional brokerage operations. The group owns the retail broker Scope, previously known as Scope Markets, and has been building businesses in digital assets, investment services, and payments. Company executives say the diversified structure helps cushion the impact when individual market segments slow down.

Steele Moves from Scope To Rostro

Steele most recently served as Chief Investment Officer at Scope Prime, Rostro’s institutional division, for four years. ROSTRO acquired Scope in 2022. Prior to that, he spent five years as Senior Business Development Manager at TradeTech Alpha.

Earlier in his career, Steele held trading roles at UK-based firms. He was a Senior Sales Trader at Gain Capital Group for just over four years and an Equity Sales Trader at City Index for five and a half years.

Rostro Targets Gulf Expansion with License

Rostro has obtained a Category 5 license from the UAE Securities and Commodities Authority. The approval allows the Dubai-based firm to expand brokerage and trading services across the UAE and Gulf region.

Founded in 2021, Rostro operates multiple brokerage and fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term brands. With the license, it can offer more than 60 regional contracts for difference on equities and proprietary indices tracking Dubai and Abu Dhabi markets.

The group has established local banking relationships and is positioning Scope Prime to provide 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 prime brokerage services to institutional clients across the Gulf Cooperation Council. Scope Markets will offer retail accounts in multiple base currencies, including UAE dirham and US dollar.

Rostro has also expanded its institutional offerings, launching prime services for crypto CFDs and creating a futures and options division under Saul Knapp, with plans for direct market access through order management system providers.