In our weekly executive moves coverage, State Street and Crossover Markets have both been named new Chief Financial Officers. Matthew Cousens joined Clear Street to lead its electronic execution operations across Europe, the Middle East, and Africa.

Meanwhile, Holmes returned to INFINOX as CEO, as FxPro’s COO departed to join Equiti Dubai as the Group Head of Trading.

State Street appoints new CFO

State Street Corporation named longtime finance executive John Woods its next Chief Financial Officer. Woods, who will join the firm in late August, brings a 38-year career in financial leadership to one of the world’s major custodians of institutional assets.

Woods will succeed Mark Keating, who has held the CFO position on an interim basis since February. Upon his arrival, Woods will report directly to State Street Chairman and CEO Ron O’Hanley. Keating, meanwhile, will continue as CFO of the firm’s largest business unit, Investment Services.

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Crossover Markets also has a new CFO

Another company welcoming a new CFO is Crossover Markets Group. The firm, which offers a cryptocurrency electronic communication network (ECN) among other technologies, hired Kevin Wolf into the role.

Wolf has been associated with the company since June 2024 and was most recently CFO at the American Financial Exchange. Wolf’s appointment came within a year after Crossover secured $12 million in a Series A funding round.

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Matthew Cousens joins Clear Street

Also this week, Clear Street, a prime brokerage and financial infrastructure firm, tapped Matthew Cousens to lead its electronic execution operations across Europe, the Middle East, and Africa.

Based in London, Cousens will focus on building out the company’s execution capabilities to serve institutional clients in the region better. The move is part of Clear Street’s expansion of services outside the United States.

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Holmes returned to INFINOX as CEO

FCA-regulated broker INFINOX Capital enlisted Lee Holmes as CEO. The appointment marks a return to INFINOX for Holmes, who previously served in an executive management role at the company from May 2022 to April 2023.

Before rejoining INFINOX in September 2024, Holmes served as Senior Manager for Liquidity Sales at Exinity and previously held the role of Head of Institutional Sales at Hantec Markets. His career also includes significant experience at ATFX UK and FXCM, where he worked in institutional and introducing broker sales roles.

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FxPro’s COO departs

Lastly, Yiannos Xenophontos has left FxPro after over 14 years to join Equiti Dubai as the Group Head of Trading. At FxPro, he was most recently the Group Chief Operating Officer and Head of Dealing on Own Account.

Xenophontos joined FxPro in mid-2010 as a Forex Dealer at the broker’s execution department. He later climbed the corporate ladder to become the Assistant Chief Dealer and then the Group Chief Dealer for Trading Operations.

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