Fazzaco Weekly Digest: CySEC Targets Tighter Supervision; Pepperstone Sees Departure of Sheetal Maharaj
Take a look at the latest happenings in this week's news digest from around the forex and fintech industry. Here are some of the top headlines from this past week.
With the goal to further act as a shield for investors, the Cyprus Securities and Exchange Commission (CySEC) will strengthen in-depth supervisory controls in 2022 while finding the tools to keep pace with any developments and technological needs required by the sector, says its chairman, George Theocharides.
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According to Theocharides, the CySEC has put in place a specialised online system, which is an additional tool to collect, analyse and monitor the marketing policies of CIFs. CySEC is also in the process of developing procedures and methodologies, which, with the appropriate technological infrastructure, will enhance its capacity to ensure regulated entities' compliance with regulations such as EMIR, MIFIR and SFTR, by automatically detecting potential risks and irregularities at an early stage.
2. Exclusive: Pepperstone Sees Departure of Head of Marketing for APAC/LATAM Sheetal Maharaj
Fazzaco learned that Sheetal Maharaj, Head of Marketing for the APAC / LATAM Region at Pepperstone, an online Forex and CFD Broker, is leaving the company.
This move was announced on Linkedin by Tony Gruebner, Chief Marketing Officer of Pepperstone.
3. Digital Asset Trading Company BlockFills Inks a Partnership with TPAC
BlockFills, a fast-growing global digital asset trading and financial technology company, has announced its partnership with TPAC Capital, LLC (TPAC) to offer institutions with cryptocurrency structured product solutions. TPAC is the cryptocurrency joint venture of Pack Creek Capital, LLC and Finance Michigan, Inc., both of whom are commodities industry leaders.
BlockFills will be one of the few global digital asset electronic trading firms to offer institutions with tailored cryptocurrency structured product options. In addition, institutions like banks, hedge funds and others in the financial services sector will have the opportunity to offer structured product solutions for their clients through this partnership.
4. Exclusive: INGOT Brokers' Chief Executive Officer Adel Jibrin Departs
Fazzaco learned that Adel Jibrin today announced his departure from the role of Chief Executive Officer at INGOT Brokers, a premium multi-asset brokerage firm where he joined earlier this year.
"After 10+ years within the FX and CDF brokerage industry, it's time for me to say goodbye and move on to my next challenge. Experiencing a decade in this fast-paced industry has been an adventure. Although I am sad to leave, I am also incredibly excited that everything I have learned during this time will help shape the rest of my career within the B2B FinTech world,"Jibrin said.
5. Meliza Rusli Appointed as President Director of Indonesia's PermataBank
Bangkok Bank has appointed Meliza Rusli as president director of its Indonesian subsidiary PermataBank.
Rusli is tasked with helping deliver PermataBank's goal of becoming Indonesia's leading deposit and wealth franchise, as well as strengthening the collaboration between PermataBank and Bangkok Bank.
6. Exclusive: eToro Promotes Yael Elbaz to Senior Director, Prevention of Financial Crimes
Fazzaco learned that Israeli social trading multi-asset investment platform eToro has promoted Yael Elbaz to Senior Director, Prevention of financial crimes.
Yael has brought extensive expertise and experience in AML compliance to eToro. She originally joined the company in June 2018 as a EU Anti-Money Laundering Compliance Officer (AMLCO), then she was promote to Group AMLCO to lead the AML strategy of the group after four years' contribution to its AML responsibilities in the EU.
7. JieData Introduces Analytics Tools to International Market
JieData, a leading provider of professional on-chain data analytics from Singapore, has announced its expansion into the international markets.
Jerry Lee, founder and CEO of JieData, said,JieData is vital for crypto pros due to JieD "Our team of data analysts has worked intensively for the past several years to launch a product that offers superior functions and a large set of data while also being very user-friendly. We just want to be the best in the field, and that has to be our benchmark."
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