StoneX Group Inc, the owner of retail FX brands such as FOREX.com and City Index, announces that Xuong T. Nguyen, Chief Operating Officer, would depart the company on July 1, 2024.

Effective July 1, 2024, Stuart Davison will become the Chief Operating Officer of the Company. Mr. Davison, age 38, is the current Deputy Chief Operating Officer of the Company and has been with the Company since 2012. Mr. Davison has previously held senior positions in the Company in Market Risk, Operational Risk, and Liquidity Risk, and has previously been the EMEA Head of Treasury and Operations, and Chief Operating Officer, EMEA.

Xuong Nguyen was appointed as Chief Operating Officer of StoneX in October 2015. Prior to that he served as Executive Vice President of the FCM Division of StoneX Financial Inc., a subsidiary of the company, as well as Chief Operating Officer of additional subsidiaries of the company.

Mr. Nguyen was appointed Chief Executive Officer of FCStone, LLC, the company’s futures commission merchant which was subsequently merged into StoneX Financial Inc., and was Chief Operating Officer of FCStone, LLC for four years prior to his appointment as CEO.

Mr. Nguyen has over twenty-five years of experience in the derivatives, futures and options marketplace.