FNG Exclusive… FNG has learned that Retail FX and CFDs broker Taurex has named experienced industry executive Matthew Wright as Global CEO.

This actually marks the second go-around for Matthew as CEO of Taurex. He held that role (when the company was known as Zenfinex) from 2021-2023, leaving to join rival broker Exinity as COO. Matthew left Exinity last year and, as was also reported exclusively here at FNG back in March, recently rejoined Taurex in a non-executive director position.

Matthew Wright has also previously served as CEO of Capital Index, and held senior management roles at Destek Markets, Gain Capital (Forex.com and City Index), and Refco.

We understand that Taurex founder and current CEO Nick Cooke will be remaining with the company. While Matthew will oversee the day-to-day operations of Taurex as CEO, Nick will focus on the company’s strategic direction and commercial growth initiatives.

Taurex recently received a $40 million capital injection led by major shareholder Oscar Hilt Tatum IV. The brand is operated by several licensed subsidiaries including in the UK, UAE, and Seychelles. Taurex also operates institutional liquidity and prime services division Taurex Prime, and retail prop trading unit Atmos Funded.

Nick Cooke shared his thoughts on the appointment,

“It is a privilege to welcome Matt back to Taurex. He brings a deep understanding of our business, extensive industry experience, and a clear alignment with our culture and long-term vision. His leadership will be instrumental as we enter an exciting phase for the company, supported by new product launches that will take Taurex to new heights. I’m looking forward to working closely with him again.”

Matthew Wright said,

“Returning to the CEO role was made easy by the enormous respect I have for the people across this business. There is real talent, energy, and commitment here, and I’m proud to be working alongside the team again. To have the opportunity to return in this capacity, after stepping away four years ago, is both rare and incredibly meaningful.”

Matthew also posted the following note on LinkedIn regarding his new role at Taurex.

I’m excited to share that I’ve started a new role as Global CEO of Taurex.

Four years ago, I stepped away from this role, so to have the opportunity to return is both rare and incredibly meaningful. After spending the last year as a NED, the Board asked me to step back into the CEO position something I was very happy to do.

The decision was made easy by the enormous respect I have for the people across the business. There is real talent, energy, and commitment here, and I’m proud to be working alongside the team again.

We have an important job to do, and I’m excited for what comes next.