FNG Exclusive… FNG has learned that Tim O’Sullivan, one of the senior management members at Gain Capital – and one of the longest serving employees at the company – is leaving, as StoneX continues to consolidate functions after buying Gain Capital last year.
Tim O’Sullivan has been with Gain Capital for 21 years, joining as Chief Dealer in 2000 when the company was just a year old. He was named Chief Risk Officer of Gain and its FOREX.com Retail FX subsidiary in 2012, a position he held until now. He also sat on the board of Gain’s FCA regulated UK subsidiary Gain Capital UK Limited since 2015, until resigning that role earlier this month.
We understand from sources at the company that Mr. O’Sullivan’s CRO role was incorporated into StoneX’s global risk oversight group, and he has agreed to stay on for a period to provide a smooth transition.
FNG has reported on a number of management changes at Gain Capital / FOREX.com that began even before the StoneX deal formally closed at the end of last July, as StoneX began some consolidation of roles and incorporating other efficiencies into Gain. The company’s Chief Marketing Officer Wendy Collins departed in late July, while longtime Global Affiliate Marketing Manager Ella Hacer Gumus left to join rival Retail FX broker OANDA.