FNG has learned that experienced FX and CFDs industry executive Salim Sebbata has joined leading online broker Capital.com in its London office, with the title of Head of M&A and Corporate Development.

Salim’s hiring seems to indicate that fast-growing Capital.com will increase its focus on acquisitions, as the Retail FX and CFDs sector continues to consolidate, and as opportunities arise. Last year Capital.com acquired the client base of OvalX, following the decision by OvalX (formerly ETX Capital) controlling shareholder Jump Capital to stop funding the London based broker.

Salim Sebbata was one of the key executives who helped launch Amsterdam based neobroker BUX, serving as CEO of BUX UK, as well as Managing Director for BUX’s Cyprus based CFDs trading app brand Stryk. Stryk was eventually closed, while BUX was taken over by investor ABN Amro, after which BUX UK was sold this summer to UAE-based CFDs broker APM Capital, where Salim remained until now joining Capital.com.

Prior to joining BUX in 2021 Salim Sebbata was Executive Director at Livemarkets Ltd. and Head of Business Development at Trade.com. He has also served as Vice President of Merrill Lynch, Frankfurt and headed up international sales at E*TRADE.