FNG Exclusive… FNG has learned that Tim Plummer, CEO of Broker-as-a-Service company, Deus X Markets, has stepped into the CEO role at two of Deus X Capital group’s other businesses, prop trading firm FunderPro, and newly-launched offshore CFDs broker NextTrade.

Tim replaces Gary Mullen as CEO of FunderPro. Gary has left the company, and launched a new marketing automation and optimization startup called StopChurn.

Tim Plummer, based in London, was previously Head of Product Strategy at Capital.com. He has also worked at IG Group, ending his eight year tenure at IG in 2022 as Head of Platform Innovation. Tim also previously worked at Vantage, Marex, and Sucden Financial.

Earlier this year Petros Kalaitzis who served as Deputy CEO and Chief Strategy Officer (CSO) for FunderPro, left to head up IC Markets prop firm, IC Funded.

Tim posted the following note on social media about the moves.

Delighted to share some news.

Today I’m stepping into the role of CEO across FunderPro, FunderPro Futures and NextTrade, our new CFD brokerage.

It’s a privilege to lead three businesses united by one ambition: to give traders a fairer, faster and more transparent way to access the markets.

As part of our strategy, I’m pleased to confirm we’ve secured strategic investment to support our regional growth plans, sharpen our competitive edge and strengthen our balance sheet. This backing gives us the firepower to move quickly, build the products our clients deserve and expand into new markets with confidence.

The opportunity ahead is significant, and we intend to make the most of it.

Huge thanks to our investors, our team and our partners for the trust and the energy they bring every day. The best is very much still to come.

If you’re as excited about the future of trading as we are, let’s talk.