D Prime Winds Down Cyprus Marketing Team

Retail FX and CFDs broker D Prime has shut down its entire Cyprus-based marketing department, marking a significant organizational change for the group's European operations.

The team was led by Chief Marketing Officer Marilena Iakovou and Head of Marketing Mariliza Karrera, both of whom have now departed. The two executives had built a long-standing professional partnership, having first worked together at Tickmill during its launch in 2020, before moving to M4Markets in 2023 and later to D Prime. Their careers also span other well-known industry names, including Orbex, IronFX, and PrimeXM.

The restructuring comes just weeks after Malaysian police raided a call center servicing D Prime's Chinese and broader Asian clientele, as part of a crackdown on financial scams. However, according to sources, the decision to streamline the Cyprus unit was made independently of those events.

D Prime operates as the offshore arm of Doo Group, with registrations in Mauritius and Vanuatu. Its client base is primarily concentrated in China and the wider APAC region. Alongside the offshore entity, the group also maintains licensed, onshore operations in Cyprus under Doo Financial Cyprus Limited and in the UK via Doo Clearing Limited.

This move underscores the shifting balance of the group's operations, with offshore hubs appearing to take precedence as the company navigates challenges in its marketing and client servicing structure.