Exclusive: ACY exec Kris Wang joins EBC to head Australia business
FNG Exclusive… FNG has learned that China-centric Retail FX and CFDs broker EBC Financial is continuing to build out its Australia business, hiring experienced industry executive Kris Wang as Country Head – Australia.
Kris Wang joins EBC after spending the past two years at Australia based broker ACY Securities, serving as ACY’s Global Head of Trading. Prior to his time at ACY, Kris worked for five years at institutional broker Invast Global, now known as 26 Degrees, in a variety of senior trading and trade execution roles.
We reported earlier this month that EBC recently added a second Australia ASIC license, for asset management. Kris Wang will also serve as Managing Director of the EBC Asset Management Pty Ltd business.
EBC Financial, which sponsors FC Barcelona as its Official Partner in Foreign Exchange, is operated by EBC Group, and has offices globally but is run mainly from Hong Kong and China. EBC has licensed subsidiaries in the UK and Australia, and offshore in St. Vincent and the Grenadines, and the Cayman Islands. The company focuses mainly on Chinese and other Far East based traders. EBC is controlled by Chinese national Qin Huazheng.
October 29, 2024 @ 8:58 pm
It is sad that today most of traders complaints on forums are related to Australian brokers, from manipulating platforms to playing games with traders money (deposits/profits). Perhaps it is the time authorities such as ASIC should consider responsibilities of brokers regulated by them, when these parent brokers use their subsidiaries in other jurisdictions to attract traders and do bad practices to take traders money in one way or another. Then at last, this money, in form of revenues or profits, go to the parent brokers. So, it is logic that the parent brokers should share responsibilities with their subsidiaries abroad.