FNG Exclusive… FNG has learned that new FCA licensed FX and CFDs broker Zenfinex has hired Matthew Wright as Group CEO. Matthew Wright left his position as CEO of CFDs and Spreadbetting broker Capital Index earlier this year, and we had just reported yesterday that Capital Index has named his replacement, Trevor Barwell.

Zenfinex Limited was established in 2017 (first as Zenfin Ltd), and received FCA authorization March 2019. (The company also operates an offshore operation, Zenfinex Global LLC, domiciled in Saint Vincent and the Grenadines). Zenfinex is controlled by Oscar Hilt Tatum IV, a Saint Kitts and Nevis citizen who now resides in the UAE and runs offshore investment firm iPoint Capital Partners. The company was first established by former FXCM and LCG senior sales executive Nick Cooke, who later brought on board his former FXCM sales colleague Lee Homes as Director of Sales, although Mr. Holmes departed the company earlier this year.

Matthew Wright was CEO at Capital Index from 2018-2021, joining the company following a one-year stint as CEO of Destek Markets UK Ltd. From 2008-2016 he was Chief Operating Officer EMEA at Gain Capital, also overseeing its Forex.com unit.

FNG spoke with Matthew Wright about his new role at Zenfinex:

I am very excited to be joining Zenfinex as Group CEO and will be working very closely with Nick to take this exciting startup to the next stage.

We have big plans and great teams around the world who I am looking forward to working with.