FX week in review: NAGA C-Suite hires, ANAX Capital launch, UAE Finfluencer license, Crypto.com hires from IG

Who are the new senior management hires at NAGA Group, which has completed a complete overhaul of its C-Suite under new CEO Octavian Patrascu?

Who is behind the launch of new Dubai based CFDs broker ANAX Capital?

What is the new UAE’s Finfluencer license all about?

Who is the latest IG Group recruit to Crypto.com, which is quickly building out its CFDs brokerage capabilities?

Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:


Top FX and CFDs industry news stories this week

Exclusive: NAGA overhauls management with COO, CTO, CSO and other hires. FNG Exclusive… FNG has learned that online brokerage and investment firm NAGA Group has completed a complete overhaul of its senior management team, with a number of high profile hires of executives with backgrounds at companies that include TRADE.com, Finalto, Oval Money, DraftKings, and Swissquote. The new hires are in key C-Suite roles that include COO, CTO, CSO, and CFO, among others.

Exclusive: Dubai based CFDs broker ANAX Capital launches. FNG Exclusive… FNG has learned that a new entrant in the MENA online trading world has just launched, with ANAX Capital – holding a full (Category One) license issued by the UAE SCA – formally opening its doors for business. Who is behind ANAX Capital? Which executives has ANAX recruited to its ranks? (ex Daman, Admirals, Doo Prime…)

UAE SCA launches the region’s first Finfluencer license. UAE financial regulator The SCA has announced that it has launched the region’s first Finfluencer license – an innovative regulatory milestone aimed at formalizing and supervising digital financial content. The regulator said that this groundbreaking initiative seeks to establish a clear governance framework for individuals offering investment analysis, recommendations, and financial promotions across digital platforms. This initiative is designed to enhance investor protection in the UAE.

iSAM Securities opens Cyprus technology office. London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that the company has opened a new office in Limassol, Cyprus – home to a number of iSAM’s FX and CFD broker clients. The opening of the Cyprus office strengthens iSAM Securities’ global presence and will be led by a team of top-tier specialists with expertise in supporting multi-asset brokerages.

Exness launches “Born to Trade 2” global campaign. Exness, one of the world’s largest retail brokers, has announced that the company has launched its latest global brand campaign, expanding on the impact of last year’s Born to Trade. The new campaign dives deeper into the mindset of the modern trader—capturing the drive, focus, and emotional highs and lows that come with every trading session.

Top FX industry executive moves this week

Malcolm Baker

Exclusive: Malcolm Baker joins MultiBank.io as Head of Trading.

❑ Crypto.com hires IG Group SEO exec Chris Old as VP of Organic Growth

❑ B2BROKER hires Moustapha Abdel Sater as CCO.

Exclusive: Leverate names Idan Stambulchik as Head of Product.

❑ HFM hires ATFX alum Ahmad Qutaishat as Senior BizDev Manager.

❑ Dame Elizabeth Corley to join LSEG Board.

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