Leading institutional trading and liquidity services firm Finalto Group has announced that Paul Groves  has been appointed as its new UK B2B CEO, a role previously held by Matthew Maloney. Paul has worked for Finalto, including as its previous iteration as CFH, for 13 years, most recently as Head of European Sales.

“I am excited about the year ahead,” Paul said. “This year we’ll be focusing on expanding the business globally and building long-standing relationships. The fact I have been here for over 13 years shows my belief in the organisation now and going forward. My longevity here will be replicated with our current and future clients. We are not looking for short term relationships, we’re looking for sustainable, consistent partnerships going forward.”

Paul Groves started out in the City in the late 80s at NatWest Bank, before moving into the commodity market for two LME brokers – Brandeis and Gerald Metals. From there he got his first taste of FX trading desks and that led the pathway to a career into foreign exchange and bullion trading.

Stints at Linnco Europe, ADM Investor Services, ODL Securities and Sucden Financial followed on proprietary trading desks, followed by market making desks.

In early 2010, Groves made the jump to sales and moved to the fledgling CFH Clearing as one of the first employees. He worked his way up, and was made Head of European Sales, a role he held onto when CFH became part of Finalto in 2019.

Matthew Maloney, Group CEO of Finalto, said:

“We’re happy to welcome Paul Groves to the role of UK B2B CEO. He has been an invaluable part of Finalto for many years and is uniquely placed to take Finalto B2B forward in the right direction.”

Paul says he’s excited about the growth of the business going forward.

“We’re going to continue to expand our New York and Singapore data centres over the coming months. But as well as that we have a broad range of licenses around the world that we want to better utilise to cement our position as a truly global provider, from the Far East to South America, London to the Middle East and Africa.”

As part of the move, Chauncey Boreham has moved into Paul’s previous role as Senior Sales Director.

Boreham has years of experience and has been with Finalto for over six years, most recently as Vice President of Global Institutional FX and CFD Sales.