After a period of resignations and workforce contractions at London Capital Group, following ownership and management changes at the broker, Francois Nembrini is joining the firm to become its new Global Head of Sales and Trading. Previously working at FXCM, Nembrini had been with the broker since 2002 and most recently held the position of Global Head of Sales at FXCMPro. Nembrini is also the Founder of gamified trading app provider TopTradr. Although TopTradr currently partnered with FXCM partner, Nembrini’s move isn’t expected to have any effect on the future of TopTradr, with plans of expanding its affiliations previously reported in July on track.
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For LCG, Nembrini’s hiring is the first major executive signing since the arrival of Charles Henri Sabet as the broker’s Chairman. At the heart of the broker’s future will be the marketing of new technology. Following shareholder approval, LCG is entering into a multi-year licensing agreement to become the exclusive provider of the Algoweb trading platform and liquidity management software, of which Sabet is a 50% owner of.