Following a number of weeks headlined by acquisitions (and IPO talk) alongside broker results, this week’s top FX and CFDs industry news stories were dominated by executive moves, from the top spot on down.

Who is MENA focused broker Accuindex’s new CEO? (And, whom did he replace)?

Who is Daman Markets’ new VP Sales?

Who is NAGA MENA’s new Senior Executive Officer?

Who did EC Markets hire to head Business Development? (Also UEXO, and Ultima Markets).

Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:

Top FX and CFDs industry news stories this week

Accuindex hires MultiBank / ADSS alum Nael Saleh as CEO. FNG has learned that there is a “new sheriff in town” at Retail FX and CFDs broker Accuindex, with the company hiring experienced industry executive Nael Saleh, as its new Chief Executive Officer (CEO). Nael Saleh takes over the CEO role at Accuindex from company founder Hasan Al Aqqad, who has been in the role since 2020. Nael Saleh was Head of MENA Sales for MultiBank from 2020-2023.

OneRoyal signs Diego Forlán as Brand Ambassador. Retail FX and CFDs broker OneRoyal has announced that the company has signed up Uruguayan football legend Diego Forlán as a new Brand Ambassador for the company. Generally regarded as one of the best forwards and goal scorers of his generation, the 45-year-old Diego Forlán is a two-time winner of both the Pichichi Trophy and the European Golden Shoe.

Edgewater Markets integrates with Gold-i. Edgewater Markets, one of the world’s largest non-bank gold liquidity providers, has announced its integration with market leading technology provider Gold-i. This integration seamlessly connects Edgewater’s low latency trading stack and white label solution with Gold-i’s advanced liquidity management and distribution platform, MatrixNET. The integration enables Gold-’s clients to access best in class Precious Metal liquidity, FX and NDFs from Edgewater’s unique network of top tier liquidity partners.

Malaysia authorities claim $5.4M gone in TriumphFX scam. Malaysia’s New Straits Times is reporting that more than MYR 23.7 million (USD $5.4 million) has been lost to date in an investment scam syndicate run by Retail FX and CFDs broker TriumphFX. The Times reported that Malaysia’s Federal Commercial Crime Investigation Department received 72 police reports (as of Feb 24) regarding TriumphFX. Police investigations revealed that TriumphFX initially lured its victims through Zoom chats.

Top FX industry executive moves this week

❑ Exclusive: Daman Markets hires StoneX exec Maria Shenouda as VP Sales.

❑ Exclusive: TIOmarkets hires Traders Trust exec Ariel Petraroia as LATAM head.

❑ ATFX hires longtime FXCM exec Paresh Patel to head Risk and Trading.

❑ Exclusive: Ultima Markets hires Markets.com exec Aylmer Tang as VP Business Development.

❑ Exclusive: IG Prime names Iwan Lewis as Head of Sales UK.

❑ UEXO hires FXGlobe exec Frank Zeggelink to head Business Development.

❑ Albert Soleiman to step down as CFO of CMC Markets.

❑ EC Markets hires FXGT exec Sherwan Zeybo to head Business Development.

❑ NAGA MENA names Paul Turner as Senior Executive Officer.