London and Cyprus based FX and CFD broker holding company Rostro Group has announced a series of management changes, ahead of what the company says will be an expansion into “a number of new verticals” including payments, digital assets, hedge funds and private banking.

Rostro said that John Murphy, currently Chief Revenue Officer (CRO) at Scope Markets will move to the role of Group Chief Commercial Officer (CCO) for Rostro. Pavel Spirin (pictured above) will remain as CEO of Scope Markets, and additionally take on the role of Group Chief Growth Officer (CGO) for Rostro.

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 CySEC-licensed broker Scope Markets, and also operates the Scope Prime offshore brokerage brand.

Rostro added that it remains committed to Scope Markets, which will continue to be the group’s primary channel for direct relationships with retail customers across a growing range of product verticals.

Michael Ayres, Group Chief Executive of Rostro, commented,

“As our business continues to grow at pace, we understand the importance of assigning the very best talent to maximise the return. Both Pavel and John have excelled in building out our retail Scope Markets business over the last two years so these promotions acknowledge that and recognise the value they can deliver at a group level. The moves also pave the way for other talented individuals within the business to be assigned roles with greater responsibilities.”

John Murphy, Chief Commercial Officer of Rostro, commented,

“In recent years, I have been responsible for building out an industry-leading business development team which has fundamentally changed the way we can deliver our services. My new role sees me focused on producing equally innovative solutions at the Group level, something that will be pivotal in achieving our objective of ensuring the success we see is both scalable and sustainable over the longer term.”

Pavel Spirin, CEO of Scope Markets and Group Chief Growth Officer of Rostro, added,

“Unlike many other financial services providers, what sits at the heart of Rostro is an unrelenting ambition to improve access and inclusion for all into the wider financial ecosystem. We have already answered that brief through the dramatic growth seen by Scope Markets in recent years, so I’m now going to be applying those proven skills and knowledge to deliver success at a group-wide level.”