Australia based Retail FX and CFDs broker Eightcap has announced that it has hired Alex Howard as the company’s new Chief Executive Officer. He replaces longtime CEO Joel Murphy who has run Eightcap since 2015. Mr. Murphy will remain on the board as Non Executive Chairman.

Alex Howard spent the past five years with StoneX (NASDAQ:SNEX) in Singapore as Senior Vice President and Head of Retail APAC for StoneX, focusing mainly on its FOREX.com and City Index brands. He joined StoneX in 2018 after five years at IG Group (LON:IGG), first as Head of IG Japan and later Head of Asia Pacific.

Eightcap is licensed in its home market of Australia and operates an offshore business domiciled in The Bahamas. The company also holds a CySEC CIF license via subsidiary Eightcap EU Ltd.

Alex Howard posted the following note today on social media:

New year, new continent – Excited to start a fresh chapter in Melbourne as the CEO of Eightcap. After a fulfilling stint in Singapore, I am eager to bring my experience and leadership to this dynamic organisation and its talented global team. I am confident with the passion and drive of the Eightcap team, we will achieve great things and make a positive impact in the industry. Let’s make it happen!