FNG has learned that some senior management changes are afoot at Australia based Retail FX and CFDs broker Eightcap, including the departure of CEO (formally, Managing Director) Alex Howard.

Alex Howard joined Eightcap in 2023, following five years with StoneX (NASDAQ:SNEX) in Singapore as Senior Vice President and Head of Retail APAC for StoneX, focusing mainly on its FOREX.com and City Index brands. He joined StoneX in 2018 after five years at IG Group (LON:IGG), first as Head of IG Japan and later Head of Asia Pacific.

We understand that Eightcap Chairman (and former CEO) Joel Murphy is taking over some of the CEO responsibilities, at least on a temporary basis.

Eightcap has also seen the departure of its Guatemala based Commercial Director LATAM, Carlos Cadavid, who has moved to rival Australia based broker ThinkMarkets, as Head of LaTAM.

About Eightcap

Eightcap is headquartered in Melbourne, Australia, and operates licensed subsidiaries in its home country as well as in Cyprus (Eightcap EU Ltd), the UK (Eightcap Group Ltd), and the UAE, in addition to offshore operations in The Bahamas. The company is controlled by its Chairman (and former CEO) Joel Murphy, and Eightcap’s lead analyst Joe Jeffriess.