London-headquartered unfold betting and CFDs brokerage firm ETX Capital confirmed to Finance Magnates that the agency’s CEO Arman Tahmassebi left the agency. The information comes a bit over a yr after his promotion to the place.
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John Wilson, co-CEO of ETX Capital
Tahmassebi might be succeeded by co-CEOs Philip Adler, who was employed at ETX in 2018 as COO, and John Wilson, who will tackle day-to-day administration duties. He was beforehand the Non-Executive Chairman of the corporate’s board of administrators.
The adjustments on the firm’s London headquarters are made with instant impact.
Commenting on the information, the brand new co-CEO of ETX Capital, John Wilson mentioned:
“The Board needs to thank Arman for his onerous work and dedication as each COO and, during the last yr, as CEO. He has made a big and constructive contribution to the corporate and we want him properly in his future endeavours.”
New Co-CEOs of ETX Capital
Philip Adler, co-CEO of ETX Capital
The new co-CEOs of ETX Capital include a raft of expertise within the retail and institutional buying and selling industries. Philip Adler joined ETX in July 2018 as COO after spending 20 years within the enterprise.
During his profession which began in 1998, he held senior roles at GNI, MF Global, IG Group, Solo Capital and ED&F MAN Capital Markets.
John Wilson has been Chairman of the board at ETX Capital since 2010. With a raft of expertise within the buying and selling trade, he spent most of his profession in Equity and Fixed Income markets. During the earlier three a long time, he held senior positions at UBS, Lehman Brothers, and Baikal Global.
The change within the administration of ETX Capital comes at a essential time for the European buying and selling trade. In the aftermath of the brand new regulatory adjustments to the sector, corporations have been struggling to transition into the brand new market setting.