A Dynamic Report of 51 Executive Moves of 45 Brokers, Fintechs & Crypto Firms Since Jun 2024

This year, we are continuously following the executive moves of various brokers and fintech companies in the financial sector, as well as crypto firms. In the following article, we present a statistical analysis of the executive movements in the forex / crypto market from June 15 2024 to August 20 2024. Prop firms are put under the "Brokers".

Hiring vs. Leaving vs. Promotion

By filtering the Fazzaco News database, the data in this article uses a total of 43 news under the Executive Moves tag reported by Fazzaco since June 2024, involving 51 job changes across 45 companies.

From the perspective of company type, it is divided into three categories for statistics: namely, brokers (31); fintechs (12); and crypto firms (2). Such classification is far from accurate for certain firms operate astride more fields, providing both trading as well as B2B tech solutions. Moreover, we did not include executive changes in large financial institutions that provide pan-financial services.

We categorized the personnel movements as follows:

Hiring: 29 hires, 20 from 18 brokers, 7 from 7 fintechs, and 2 from 2 crypto firms;

Leaving: 11 leavings, 9 from 9 brokers, 2 from 2 fintechs;

Promotion: 11 promotions, 7 from 5 brokers, 4 from 3 fintechs.

Therefore, from the above chart, we can roughly infer the following data distribution (as shown below): In the industry executive movements from June 15 2024 to August 20 2024, 56.86% are hires, while leavings and promotions both occupy 21.57%.

By company type, brokers have seen 20 hires, 9 leavings, and 7 promotions; for fintechs, 7 hired, 2 left and 4 promoted. We only have 2 crypto firms and both of them are hires, a total of 2.

Executive Moves Worth Noting

In early July, Swiss For Direct Trading In Currencies, Metals And Commodities Co. (K.S.C.C), commonly known as SwissFS, has announced the promotions of Reem Khairy​ and Tony Maged to the position of Sales Manager.

In addition, the Kuwait-based Ektifa Academy, an educational academy in trading, has announced three significant new appointments in late July to strengthen its leadership team​. They are Ahmad Al Hindi, who previously served as the MENA Assistant Regional Manager at NAGA, is now leading Ektifa Academy as the CEO; Muhammad Sarwet, who worked as the Gulf Sales Manager at NAGA, an online forex and CFD broker, has now joined as the Financial and Economic Advisor, as well as the Founder and Director of the academy branch; and Khalid Al-Ali, who was the Sales Manager at ZFX and AUS Global, is now the the Head of Direct Sales for the Gulf Region.