A recent appointment has taken place at a London and Cyprus-based brokerage holding company in the forex and CFD sector, where a new Chief Compliance Officer has been named. The role has been filled by an individual with substantial experience in compliance, having joined the organization in 2023 as the Group Head of Compliance and Anti-Money Laundering (AML).
Prior to her current position, the new Chief Compliance Officer held various compliance roles at notable companies including FTX, XTB, Conotoxia, and Rodeler Ltd (operating under the 24option brand). This background provides a robust foundation for overseeing and ensuring adherence to regulatory standards within the organization.
The brokerage firm, established in 2020, aims to expand its reach by acquiring and developing companies within the retail forex, CFDs, and cryptocurrency trading domains. The firm completed its inaugural acquisition in 2023 by integrating Scope Markets, a company licensed by CySEC (Cyprus Securities and Exchange Commission), into its operations. Additionally, the firm manages the Scope Prime offshore brokerage brand, further broadening its services in the trading landscape.
The strategic hires and acquisitions signal the firm’s ambitions to grow and establish itself as a significant player in the highly competitive financial trading market, particularly in the regions of MENA (Middle East and North Africa) and APAC (Asia-Pacific).
In summary, the recent appointment of an accomplished compliance professional as Chief Compliance Officer stands to strengthen the organization’s regulatory framework and enhance its operational capabilities in the evolving trading environment.