A Dubai-based fintech company, known for its retail trading brand, has recently made significant changes to its leadership team with the appointment of two senior executives. Demetra Charalambous has taken on the role of Group Finance Director, while Sammy Christou has been named Managing Director of Systematic Market Making. These appointments are part of a broader effort to enhance the company’s management structure and expand its services.
Demetra Charalambous brings over a decade of senior finance experience in the trading industry to her new position. Currently based in Limassol, she is a Fellow of the Association of Chartered Certified Accountants and has previously served as Head of Finance for prominent trading platforms such as Binance and eToro.
On the other hand, Sammy Christou is set to operate from London and comes with 17 years of expertise in trading and risk management. Having started his career as a trader at GAIN Capital, he advanced through various roles at different firms, including positions as Head of Trading at Equiti Capital and Chief Risk Officer at Advanced Markets Group and Exinity.
The company is embarking on a strategic growth phase and views the addition of Charalambous and Christou as beneficial for improving daily operations and crafting long-term strategies. The recent appointments come during a period of expansion for the company, which is venturing into futures and options trading to better connect institutional clients with global exchanges.
With plans to implement cutting-edge technologies like artificial intelligence and blockchain in the near future, the company aims to internalize more aspects of its trade cycle while responding to a notable increase in market activity. There is a sense of optimism surrounding the upcoming year, as client acquisition is expected to expand, resulting in the need for additional systematic functions within the organization.
Established in 2021, the company operates a range of brokerage brands and is actively investing in fintech ventures. Its global reach is facilitated through various subsidiaries, allowing it to offer diverse financial products and services.
Furthermore, the search for talent has been a core focus for the company, particularly within the FX/CFD sector. The firm has intensified its hiring strategy, recently surpassing the milestone of 200 employees and continuing to expand into January with a select number of key additions. This includes professionals charged with overseeing operations in specific regions, such as the APAC and Southeast Asian markets, and someone with extensive experience tasked with MENA market operations.
This continued growth is driven by an underlying strategy that emphasizes the importance of carefully managing the size of the workforce to maintain efficient oversight. The leadership recognizes that while expansion is crucial, it must be balanced with the capability to manage a larger team effectively.
Amidst these changes, the company’s rebranding initiative for Scope Markets has also been a significant development. This rebranding effort represents a strategic move to integrate various brands under one cohesive identity, further solidifying its presence in the competitive landscape.
Overall, the recent appointments and strategic initiatives illustrate a dynamic shift within the company as it prepares to enhance its service offerings, adopt innovative technologies, and streamline operations to better serve its growing client base in the global financial market.