Damian McDowell Ends His Tenure at USGFX-UK as CEO

(Source:Linkedin)

Fazzaco learned that Damian McDowell has ended his tenure as Chief Executive Officer (CEO) at  Union Standard International Group Limited(USGFX UK), the London based, FCA-regulated arm of embattled Retail FX group USGFX.

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As seen on his Linkedin profile, Damian joined the company in 2021, replacing Simon Quirke, who previously worked for ADA FX, Miura Development, India Infoline Group, Credit Suisse, and Lehman Brothers.

Earlier, Damian served as CEO and Compliance Oversight and MLRO at TIOmarkets UK Limited from August 2016 to February 2021.

Before this role, KapSecure Asset Management utilised his services as COO. Over the course of his career, Damian previously worked as Director-Activ Trading at ICAP, and as a Fixed Income Trader at Marex Spectron.

The broker currently operates three licensed entities in United Kingdom, South Africa, St. Vincent and the Grenadines. These local subsidiaries are known as United Strategic International Limited (USG UK), United Strategic International (Pty) Ltd (USG SA), and United Strategic International LLC (USG SV) respectively. Following Damian's departure, the only director remaining at the UK company is Soe Hein Minn.