FNG Exclusive… FNG has learned that newly established Rostro Financial Group, fresh off its recent acquisition of CySEC licensed Retail FX and CFDs broker Scope Markets, is continuing to build out its team.

Joining Rostro is Mitesh Vaghela, as Group Chief Product Officer (CPO). Mitesh Vaghela was most recently Director of Product at Equiti Capital, the FCA licensed arm of Equiti Group, from 2018-2021. He had also previously worked at a number of Retail and Institutional FX/CFD firms, including GKFX, London Capital Group, Integral Development, Alpari UK, and City Credit Capital, dating back to 2005.

Rostro Group was founded in 2020 by former ACM/TradeTech executive Roger Hambury, with ambitions to acquire and grow out companies in the Retail FX sector. In 2021 former Equiti Capital COO Michael Ayres, who worked with Mitesh Vaghela at Equiti, joined Rostro as CEO. The company also added OANDA Head of Retail Sales John Murphy as Global Head of Retail Operations, and another ACM/TradeTech alum, former COO Des Grech, as Global Head of International Business. Former ACM/TradeTech, Gain Capital, and City Index senior trader Sam Steele also joined Rostro, as Chief Dealer.