Noteworthy News of Last Week
Forex Policy
Out of the noisy space of the broadcasting industry we bring news that matters.
During the last week of September, several significant partnerships, promotions, significant achievements, awards for forex fraud cases, steps taken to supercharge crypto, and other important events occurred. This Forex Policy newsletter contains a summary of that news.?
MultiBank Group has named Sophie Squillacioti as the new Head of China Sales. Bringing nearly 20 years of retail trading experience from companies like Equity Group, INFINOX Global, and City Index, Sophie will lead efforts to expand MultiBank’s presence in the Chinese market. Based in Dubai, she will report to Founder Naser Taher and Chief Commercial Officer Marc Aspinall, while also advising the Chairman. Her leadership is set to play a crucial role in driving MultiBank’s growth and success in China.
TopFX Global has appointed Kyriakos Karamanis as Director of Business Development. With experience at Inveslo, SquaredFinancial, and ExCentral FX, he will focus on strengthening relationships with brokers, forex partners, and institutional investors, supporting TopFX’s expansion into emerging markets like Latin America.
BlockFills has teamed up with New Change FX (NCFX) to supercharge crypto insights for institutional investors by incorporating NCFX's benchmark data into its product offerings. This partnership strengthens BlockFills' presence in the digital asset market and is complemented by recent key hires and platform integrations. NCFX CEO Paul Lambert highlighted the significance of expanding access to their data.
Kirill Getmanskiy, formerly of Exness, has been appointed as MultiBank Group's Chief Marketing Officer for the Asia-Pacific region. This follows the recent hiring of Sophie Squillacioti as Head of China. With Kirill's extensive experience at Exness and in other positions, MultiBank is set to achieve substantial growth in the APAC market.
Barchart has partnered with SIGMA Financial AI to combine its market data with SIGMA’s AI technology, enhancing decision-making and market intelligence. This collaboration will offer traders real-time insights and feature specialized content on Barchart .com. SIGMA will also integrate Barchart’s data into its machine-learning tools for improved trading opportunities. This alliance highlights the importance of responsible innovation in finance amid rising discussions on AI regulations. The trading community should watch for its impact on strategies and investment decisions.
Circle has appointed? Horowitz to its Board of Directors! With over 30 years in the tech industry, including leadership roles at Google and Yahoo, his expertise will be invaluable as Circle innovates at the intersection of finance and technology. An investor in over 150 startups, Bradley brings a unique perspective that aligns with Circle's mission to reshape the future of digital currencies and blockchain. The Circle team looks forward to this transformative journey!
Tradeweb announced that Daniel J. Maguire joined its Board of Directors. With over 25 years in financial services, including leadership roles at LCH Group and LSEG, he brings valuable expertise in derivatives and regulatory matters. A Leeds Beckett University alum, Maguire has significantly influenced global regulatory frameworks and has held key positions at institutions like J.P. Morgan. Tradeweb looks forward to leveraging his insights as they innovate and expand.
XTB Online Investing is marking its 20th anniversary by teaming up with football legend Zlatan Ibrahimovi?. Known for his larger-than-life persona, Zlatan will be the face of XTB’s new campaign, promoting the brand across 14 countries through TV and digital ads launching this fall. Following last year’s partnership with Iker Casillas, XTB continues to surprise by aligning with another sports icon. CEO Omar Arnaout said, “Zlatan’s discipline and charisma mirror XTB’s 20-year journey, and together, we’re taking the brand to new heights.
Marc Suárez is stepping down from BDSwiss after nearly three years of leadership. In a LinkedIn post, he expressed pride in the team's achievements, including expanding in LATAM and launching key campaigns. As BDSwiss undergoes restructuring and faces withdrawal challenges, with several employees, including senior executives, also departing, Marc's contributions will be missed during this period of transformation.
The CFTC has fined William Koo Ichioka over $36 million for defrauding investors, with $31 million going to victims and a $5 million penalty. Since 2018, Ichioka promised unrealistic returns, using investor funds for personal luxuries and falsifying documents to hide fraud. Now facing criminal charges and a four-year prison term, this case underscores the risks in forex and digital asset markets, urging investors to remain vigilant.