Alpari has hired Roberto d’Ambrosio as its new Director of European Operations to supervise the company’s effort across the European Union (EU). Earlier this year, the broker applied to receive an operating license from the Maltese Financial Services Authority (MFSA).
With Maltese regulation representing a substantial investment, the company is aiming to bring an experienced professional within its ranks and expand its business in a region where the Alpari brand has already become popular in some regions.
Mr. d’Ambrosio has joined the company from Tier1fx, where he held the position of Vice President of Sales starting in February this year. Prior to that he was the Director of Sales for the European region at FXDD.
Speaking to Finance Magnates’ reporters, Mr d’Ambrosio shared that the company is looking to do more business in the region.
“Our exceptional team of professionals is working on a new approach to forex trading which will focus on the real needs of our traders: the reliability of the trading environment, cutting edge trading technology and a sound source of education and information,” elaborated Mr. d’Ambrosio.
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Alpari is working on some new offerings, “We are working on, and will gradually deploy, a set of new tools and products that will position us to the forefront of trading technology and market participation. I have always been a fan of a “bottom up” approach when it comes to identifying which services to implement for traders and Alpari fully embraced this approach.”
While the market in Europe is closer to saturated and many brokers are competing for the same clients, the Alpari brand has been popular across parts of Eastern Europe.
Licensing a Forex Broker in Malta
We asked Alpari’s new Director of European Operations what the firm’s reason was to pick Malta for its European regulation and he explained, “Malta is one of the fastest growing economies in Europe, with a sound banking system and strict, yet approachable Regulatory environment.”
Mr. d’Ambrosio also said that a more strict approach to forex companies licensing is a general path undertaken by all European regulatory bodies.
“The fact that the MFSA has risen the bar in terms of requirements to get licensed and that it has further enhanced its due diligence process is far from discouraging us from considering Malta as a jurisdiction, but in the contrary is giving us the comfort that Malta suits Alpari plans as an leading international player,” he concluded on the matter.