Mark Kandborg, current Deputy Head of Nordea’s Large Corporates & Institutions business area, is appointed Chief Risk Officer and a member of the Group Leadership Team as of 1 April 2022. Nordea’s current Chief Risk Officer has decided to return to the United Kingdom after more than five years at Nordea and will be succeeded…
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Barclays today announces the appointment of François Baroin as Chairman, France. Mr Baroin was appointed as a Senior Advisor to Barclays in 2018 and has since then made an impressive contribution to the bank’s activities, notably playing a key role in the expansion of Barclays Corporate and Investment Bank in France. Given the success of…
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Broker tech integration solutions provider Gold-i Ltd has announced that it has been selected by Modus.Trade, a crypto specialist investor network, to manage its entire technology infrastructure. This includes providing access to crypto market makers and clearing using the Gold-i Crypto Switch 2.0 and supporting Modus.Trade’s MT5 trading platform. Modus.Trade is a crypto fund and…
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Hong Kong’s Securities and Futures Commission (SFC) today announced the imposition of a $5 million fine on Zhonghui International Futures Company Limited (ZIFC) for failures in complying with know-your-client, anti-money laundering and counter-terrorist financing (AML/CFT) and other regulatory requirements between May 2017 and July 2018. The SFC’s investigation found that ZIFC, which permitted 26 clients…
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State Street Corporation (NYSE:STT) today announced that Cyrus Taraporevala, president and chief executive officer of State Street Global Advisors, will retire in 2022. Cyrus Taraporevala
Retail FX and CFDs broker Henyep has changed the name of its London-based, FCA regulated entity from Henyep Capital Markets (UK) Limited to HYCM Capital Markets (UK) Limited. The change from Henyep to HYCM seems to be in line with similar changes the company has made in other jurisdictions where it has regulated subsidiaries, e.g….
Hong Kong-focused Forex broker CLSA Premium Ltd (HKG:6877), formerly known as KVB Kunlun, has issued a profit warning. The Group is expected to record a net loss approximately HK$57 million for the year ended 31 December 2021 (FY2021), as compared with the audited net loss of HK$72 million for the year ended 31 December 2020….
Front-office fintech solutions provider Broadway Technology has announced the appointment of Brad Small as Head of Product. Brad Small joins Broadway’s expanding Executive Team to steer the product vision, planning, strategies and projects for Broadway’s software solutions. As part of his role, he will also work closely with Broadway’s global clients and industry partners to…
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FNG Exclusive… An interesting swap just happened in the MENA region, with Retail FX brokers Capex.com and XTB exchanging marketing heads for the Arabic speaking world. Moving from XTB to Capex.com is Abdelhadi Laabi, who served as XTB’s Marketing Director for the MENA region out of Dubai for the past year. He had previously worked…
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Normally when a recognized national regulator such as Australia’s ASIC takes a Retail FX broker to court, it is a big deal. However the action just announced by ASIC against USGFX and two of its introducing brokers EuropeFX and TradeFred seems like something of an afterthought, as the parties are already well into administration and…
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