FNG has learned that a second management shuffle in as many years is underway at CFDs brokerage holding company Rostro Group, and its operating subsidiary Scope Markets.

After last year’s moves which (among other changes) took John Murphy, Chief Revenue Officer (CRO) at Scope Markets, up to the role of Group Chief Commercial Officer (CCO) at parent Rostro, John is now returning full-time to Scope Markets, but this time with the title of Managing Director. Effectively acting as the CEO of Scope Markets, John will now be charged with leading Scope Markets globally, with responsibility for the brand’s overall strategy, performance and growth. He will continue to be based in Dubai.

Pavel Spirin, who was named as CEO of Scope Markets in 2023 soon after it was acquired by Rostro, has slotted over to the position of Group Chief Growth Officer (CGO) at Rostro, including CGO responsibilities at Scope Markets and its sister offshore brand Scope Prime. He will continue to be based out of London.

Rostro Group was founded in 2020 by former ACM/TradeTech (now Finalto) executive Roger Hambury, with ambitions to acquire and grow out companies in the Retail FX, CFDs, and crypto trading sector. The company closed its first acquisition in 2023 buying CFDs broker Scope Markets, and also operates the Scope Prime offshore brokerage brand. Scope Markets operates under a CySEC license (at website scopemarkets.eu), as well as the offshore (Saint Lucia) scopemarkets.com website.

John posted the following note on LinkedIn regarding his new role within the group.

I’m pleased to share that I’m taking on the role of Managing Director at Scope Markets.

As we continue to grow across multiple regions and client segments, this move reflects an increased focus on the Scope Markets brand, our retail business and the opportunities ahead.

Whilst remaining a key part of the ROSTRO Group, I’m excited to lead Scope Markets as we continue to scale globally, strengthen our client and partner offering, and build on the strong foundations already in place.

Thank you to our clients, partners, colleagues and the wider Rostro team for their continued support. Looking forward to the next chapter!