Top Level Appointments Continue - Former Knight Direct Executive Joseph Wald Joins GAIN Capital to Lead Institutional Business
by
Andrew Saks McLeod
Concurrent with other large Forex companies recruiting new blood at the top over recent months, GAIN Capital have followed suit and appointed Joseph Wald as Executive Vice President, Head of Institutional. GTX, GAIN Capital's institutional business, will come under the leadership of Mr Wald, whereby he will report to CEO Glenn Stevens and perform his role from GTX's New York City offices.
The last six months have entailed many senior level restructures within large companies, including OANDA's reshuffles as reported by Forex Magnates, first appointing K Duker as CEO to supersede Michael Stumm in May 2012, then bringing on board Asia Pacific-based Jesper Bruun Olsen as Managing Director of Northeast Asia and Head of OANDA Japan as well as Stacy Grant-Thompson as CMO of OANDA International in Canada earlier this month.
With regard to Mr Wald's appointment, Glenn Stevens, GAIN Capital's CEO explained: "Joseph Wald is a talented visionary with the proven ability to grow trading volumes and build innovative product and service offerings for leading institutional platforms."
"Institutional trading is an important part of our growth strategy and having Joe lead this part of the business will help us build on the success we've had to date, and achieve our goal of becoming a market leading ECN in the FX space."
Prior to his appointment at GTX, Mr Wald held senior positions at other large companies in the industry. Most recently, he was head of Knight Capital Group's institutional electronic trade Execution business. Before joining Knight, he was co-founder and CEO of EdgeTrade, a pioneering firm that served as an agency brokerage and developer of algorithmic trading and direct marketing access software for equity markets. EdgeTrade was acquired by Knight Capital Group in 2008. Mr Wald was educated at Brooklyn College, from where he graduated with a Batchelor of Science degree in Business Management and Finance.
"Performance and innovation are crucial to the institutional FX space, given the significant number of competing venues and platforms," said Joseph Wald. "I'm looking forward to leveraging almost 20 years of experience in the equity world to bring a new level of innovation to the institutional FX space and help differentiate GTX from the competition."
Concurrent with other large Forex companies recruiting new blood at the top over recent months, GAIN Capital have followed suit and appointed Joseph Wald as Executive Vice President, Head of Institutional. GTX, GAIN Capital's institutional business, will come under the leadership of Mr Wald, whereby he will report to CEO Glenn Stevens and perform his role from GTX's New York City offices.
The last six months have entailed many senior level restructures within large companies, including OANDA's reshuffles as reported by Forex Magnates, first appointing K Duker as CEO to supersede Michael Stumm in May 2012, then bringing on board Asia Pacific-based Jesper Bruun Olsen as Managing Director of Northeast Asia and Head of OANDA Japan as well as Stacy Grant-Thompson as CMO of OANDA International in Canada earlier this month.
With regard to Mr Wald's appointment, Glenn Stevens, GAIN Capital's CEO explained: "Joseph Wald is a talented visionary with the proven ability to grow trading volumes and build innovative product and service offerings for leading institutional platforms."
"Institutional trading is an important part of our growth strategy and having Joe lead this part of the business will help us build on the success we've had to date, and achieve our goal of becoming a market leading ECN in the FX space."
Prior to his appointment at GTX, Mr Wald held senior positions at other large companies in the industry. Most recently, he was head of Knight Capital Group's institutional electronic trade Execution business. Before joining Knight, he was co-founder and CEO of EdgeTrade, a pioneering firm that served as an agency brokerage and developer of algorithmic trading and direct marketing access software for equity markets. EdgeTrade was acquired by Knight Capital Group in 2008. Mr Wald was educated at Brooklyn College, from where he graduated with a Batchelor of Science degree in Business Management and Finance.
"Performance and innovation are crucial to the institutional FX space, given the significant number of competing venues and platforms," said Joseph Wald. "I'm looking forward to leveraging almost 20 years of experience in the equity world to bring a new level of innovation to the institutional FX space and help differentiate GTX from the competition."
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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