Blackwell Global heads to UK, appoints former CMC Markets Managing Director Patrick Latchford as CEO - FinanceFeeds

Blackwell Global heads to UK, appoints former CMC Markets Managing Director Patrick Latchford as CEO

New Zealand based, Asia Pacific-focused FX and CFD brokerage Blackwell Global has today announced that it is making its foray…

New Zealand based, Asia Pacific-focused FX and CFD brokerage Blackwell Global has today announced that it is making its foray into Britain, and has gained a license from the Financial Conduct Authority (FCA).

The company has appointed industry veteran Patrick Latchford to lead their Europe and future South America presence, assuming the role of CEO at Blackwell Global UK.

Mr. Latchford was previously CEO at Valutrades between February 2013 and December 2014, and has a substantial career in the FX industry behind him.

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Patrick Latchford, CEO, Blackwell Global Investments (UK) Ltd

Prior to joining Valutrades as CEO, Mr. Latchford spent three and a half years as Director of FX and CFD management consultancy Perpal Ltd.

From May 2007 until June 2009, Mr. Latchford was Managing Director for initially UK and Ireland and subsequently Europe at British spread betting and CFD giant CMC Markets, a position he assumed following three and a half years at IFX Markets as Business Director and was the mastermind behind Finspreads’ dramatic growth, before it was sold as part of IFX Markets to City Index.

In the late 1990s, Mr. Latchford joined GNI Ltd as Head of CFD Trading, a position he held for four and a half years.

Blackwell Global UK’s Financial Conduct Authority (FCA) licence complements its existing Cypriot regulation, providing added infrastructure and support to the EMEA region.

“It is an honour to have been asked to take on this role. The prospects are extremely exciting, especially with Blackwell Global’s innovative approach towards partnerships and cultural sensitivity.” said Mr Latchford, who is confident in accelerating growth for both retail and institutional business in Europe and emerging market territories, including South America.

As Blackwell Global’s position continues to grow within the EMEA markets, the firm is well placed to capitalise upon the growing demand for FX services within the Eurozone. Blackwell Global UK will look to build relationships with Introducing Brokers (IBs), offer institutional traders access to the Blackwell Trader Pro platform, as well as provide MT4 access to retail forex clients.

Blackwell Global Group CEO Michael Chai welcomed Mr Latchford into the company by stating

“The valuable addition of Mr Latchford to the Blackwell family will provide an exceptional level of guidance and corporate governance to aid in steering the firm through the challenges of business growth – even in times of market turmoil.”

#blackwell, #China, #cmc markets, #fca, #london, #regulation

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