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Oval Money Secures Luca Merolla as Chief Executive Officer

Source: Youmans

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Fazzaco learned that Oval Money, a fintech that manages 2 products, including Oval (learn and invest app) and OvalX (an FX and CFD trading platform, formerly as ETX Capital), has appointed Luca Merolla as CEO to lead its growth strategy.

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With a background in computer science, Merolla brings a wealth of experience to the role, having worked in financial services for more than 10 years for the likes of online trading company Swissquote and private equity firm Guru Capital.

He said:"I'm excited to take this new position and I'm looking forward to a bright future, which will continue to be our major focus on investment in Oval Money's technology, infrastructure and brand."

Former CEO Philip Adler steps down from the position to pursue the role of Chief Business Development Officer within the company.

He said:"I have been very proud to lead our teams through ownership changes and the rebranding to OvalX. I am now incredibly excited to grow our existing business lines and to develop new revenue opportunities."

With greater market expertise and a growing team of more than 250 people based in the UK, Italy and Cyprus, Oval Money has built a solid foundation to realise its goal of becoming a standard of excellence across the UK and Europe. Oval is currently available in Italy and will launch soon in the UK. OvalX is available in the UK and EU.

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