StoneX COO Xuong Nguyen to Resign

​(Xuong T. Nguyen, Source: LinkedIn)

Xuong T. Nguyen, Chief Operating Officer of the diversified global brokerage StoneX Group Inc., to leave the group on July 1, 2024. Stuart Davison, current Deputy Chief Operating Officer of StoneX, will take over the COO role, effective July 1.

Nguyen has has been COO of StoneX since October 2015. Previously, he was Executive Vice President of the FCM Division of StoneX Financial Inc., and COO of MF Global. Besides, He was Chief Executive Officer of FCStone, LLC, StoneX's futures commission merchant which was subsequently merged into StoneX Financial Inc.

Stuart has been with StoneX since 2012, having held senior positions in Market Risk, Operational Risk, and Liquidity Risk. In addition, he served as EMEA Head of Treasury and Operations, and Chief Operating Officer, EMEA of the group.

In February, Fazzaco reported that StoneX Group registered revenue from FX/CFD contracts of $74.6 million in the initial quarter of the fiscal year 2024, concluding on December 31, 2023, surging 53% on a yearly basis.