Equiti
Group has promoted three executives to senior leadership positions as the
multi-asset broker looks to expand its global operations and technology
capabilities.
The company
elevated Sartaj Singh to Chief Technology Officer (CTO) after he spent more
than a year leading the firm’s technology division. Singh joined Equiti in
December 2023 as global head of technology, where he oversaw what the company
describes as a major overhaul of its trading platforms and infrastructure
systems.
Equiti Group Names Three
New C-Suite Executives
In his new
role, Singh will focus on integrating artificial intelligence and automation
across Equiti’s operations, from client onboarding to trade execution. The
company says these upgrades are part of its push to compete with larger rivals
in the crowded online brokerage space.
Rick Fulton
moves into the newly created position of Chief Risk and Audit Officer. Fulton
has been building out Equiti’s risk management capabilities over the past two
years, working to strengthen the firm’s oversight of market, credit and
operational risks. His promotion comes as financial regulators worldwide have
increased scrutiny of retail trading platforms following several high-profile
market disruptions.
The third
appointment sees Sean
Hong take over as Chief Financial Officer. Hong joined Equiti in August
2023 and has been restructuring the company’s finance operations. The firm says
Hong’s team now provides more detailed analysis to support business decisions
and has improved cost controls across different divisions.
“Innovation
is at the core of everything we do at Equiti,” said Equiti Group CEO Iskandar
Najjar. “As we expand our footprint in global markets, these appointments
ensure we remain agile, tech-driven, and client-focused.”
Related: Equiti Group Appoints Navin Dsouza as Chief Operating Officer for Digital Assets and Gold
Dynamic Changes in
Personnel
The
appointments take effect immediately, with all three executives reporting
directly to the CEO. The company did not disclose compensation details or
whether it conducted external searches for any of the positions.
The latest
moves come after Yassin Mismar, SVP of Sales at Equiti Group, decided to join
the prop firm FundingPips following nearly two decades in the FX industry. Just
weeks before Mismar’s move, Zoltan Nemeth joined FunderPro, another prop
trading firm, as Head of Business Development. Prior to that, Nemeth served as
Head of Growth at ZuluTrade.
A few
months earlier, FxPro’s COO, Yiannos Xenophontos, took on the role of Group
Head of Trading at Equiti’s Dubai offices. Last year, Karen Tatyan joined the
company as the new Head of Database.
Equiti
operates across Africa, Asia, Europe and
the Middle East with licenses in the UK, UAE and Cyprus. The company serves
retail traders, professional investors and institutional clients through its
trading platforms and payment systems.
The company
competes with established players like IG Group and Plus500 in the retail
trading market, while also offering services to institutional clients. The
company has been expanding its presence in emerging markets where regulatory
frameworks for online trading are still developing.
This article was written by Damian Chmiel at www.financemagnates.com.
