FNG Exclusive… Following up on our earlier exclusive report that longtime Trading212 CEO Nick Saunders had left the company, FNG has learned that he has already landed at his new destination, StoneX (NASDAQ:SNEX).

StoneX of course acquired Gain Capital along with its popular Retail FX and CFD brands Forex.com and City Index in mid 2020 for $236 million, and Mr. Saunders will be working with a number of colleagues from both those units to head up a new Cash Equities and non-leveraged products business for the company.

Other executives working with Mr. Saunders on the Cash Equities project, which will be based in London, include Alastair (Ali) Hine, Gain’s former COO who is now COO of StoneX’s Retail unit; Olly Stevens, Gain’s longtime Head of Platforms and product director; Giles Watts, Head of Dealing at the City Index side of the business; and Boris Levine, Gain’s Head of IT Development who joined the company in late 2018 from IG where he was Chief Architecture Officer.

The new Cash Equities team marks somewhat of a reunion for Nick Saunders and his aforementioned new StoneX colleagues, as all worked together about 10 years back at IG Group.