CySEC and FSCA licensed Retail FX and CFDs broker Scope Markets has announced that it has hired FX industry veteran Iain De Havilland as Managing Partner – Asia. Iain will oversee operations for the business in China, Taiwan and Hong Kong, as well as the wider Asia region, as Scope seeks to increase its business in the Far East.

Iain De Havilland has been running MT4 broker consultancy firm TradingBulls for the past six years, providing online and offline technical advice, ongoing support and creative MT4 brokerage solutions focusing on the Asia Pacific region. Previously he represented SVSFX’s China and GCC FX Division, and was also GM Asia for UFX.com.

Scope Markets said that it will now return to the Chinese market, following the completion of the company’s acquisition by Rostro Group at the start of the year. Scope Markets had previously operated in the country, before withdrawing at the end of 2021 following an evolving regulatory stance and broader economic headwinds which were impacting demand.

Michael Ayres, CEO of Rostro Group, commented:

“Returning to the Chinese market is an exciting step for our Scope Markets brand. We had built a loyal following in the country so look forward to rekindling many of those strong relationships, as well as working with new clients, too. My new management team have a wealth of experience when it comes to operating in jurisdictions across the globe – it’s great to be back.”

Scope Markets noted it will be offering Chinese investors access to a range of instruments including indices, commodities and currencies, with support available 24/5 from a team of highly experienced Chinese staff. Clients can use either the popular MT4 or MT5 platforms to trade, or Scope Markets own proprietary web trading service and app.

Pavel Spirin, CEO of Scope Markets, added:

“Scope is a well-respected brand in China thanks to our global reach, high quality of customer service and strong relationship with regulators at the highest level. We are confident that our return to the Chinese market will be well received by the local trading community.”

As noted above Scope Markets was taken over by Rostro Group earlier this year. Rostro 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. After the acquisition closed Rostro named former Skilling, CMC Markets and Alpari UK executive Pavel Spirin as CEO of Scope Markets. The company also named former OANDA exec John Murphy as Chief Revenue Officer; hired Equiti exec Yaser Zidan as MENA Sales Manager; and added Antonia Droussiotou from Skilling as Head of Brand.