Damian Bunce steps down as chief customer officer at Exness

abdelaziz Fathi

Damian Bunce is set to depart from his role as Chief Customer Officer at Exness, concluding a tenure spanning over three years in which he has been instrumental in driving the company’s trading product strategies, risk management, and both B2C and B2B marketing efforts.

Damian Bunce

Bunce, who initially joined Exness as Chief Trading Officer back in 2020, was tasked with improving the company’s credibility on a global scale. His previous role as CTO at Exness involved overseeing the trading department, which reported $4 trillion in monthly turnover throughout 2023. With a workforce of over 2300, around 250 are dedicated to the trading department.

Damian’s career spans 30 years in the industry and includes serving as Chief Commercial Officer and on the Board of Management at Saxo Bank. His background in investment banking extends over 20 years, reaching a peak role as Managing Director at Barclays Capital. He also spent a decade at Goldman Sachs in sales and trading.

Damian Bunce has a global perspective, his LinkedIn profile shows, having lived and worked in major world cities and managed international teams. In 2022, he shifted focus towards private investing and advisory roles, including with the crypto startup finerymarkets.com, and guided Exness’s investment in Crossover Markets.

At Sberbank, from January 2012 to January 2018, Bunce served as Managing Director of FX & Commodities and Global Head of Electronic Markets. During his time there, he was a key player in managing a $1.5 billion global markets business, contributing to the bank’s franchise in electronic forex and commodities trading.

Bunce’s career in the financial sector also includes roles at Barclays Corporate & Investment Bank as Managing Director of the Equities Division, Head of Electronic Trading EMEA, and earlier, at Goldman Sachs as Executive Director of the Equities Division, Head of Electronic Trading Distribution. His early career saw him at Barings as Director of the Securities Division and at IBM in the Software Products Division.

  • Read this next

    Fintech

    Traxys taps Quantifi for risk management in commodities trading

    “We wanted to take a more sophisticated approach to risk management and have a consolidated view of risk exposures across our global operating model. Quantifi was our preferred choice as it has a track record of success in the commodities markets.”

    Digital Assets

    Startale Labs Secures Funding for Web3 Expansion

    Startale Labs, a leader in Japan’s Web3 development, including Astar Network and Startale Web3 Cloud, has raised an additional $3.5m from UOB Venture Management and Samsung Next. This seed extension round boosts their total seed funding to $7m, following a $3.5m investment from Sony Network Communications in June 2023.

    Retail FX

    XS.com acquires South African broker Ubutyebi Financial Services

    XS.com, the multi-regulated financial services provider, has made a strategic move to expand its presence in Africa by acquiring Ubutyebi Financial Services, a licensed Financial Service Provider (FSP) in South Africa regulated by the Financial Sector Conduct Authority (FSCA).

    Digital Assets

    Hong Kong advances legislation on stablecoins and crypto trading

    Hong Kong is moving forward with legislation to regulate stablecoins and crypto over-the-counter (OTC) trading in the latest effort to develop a legal framework to service the city’s digital-asset industry.

    Digital Assets

    Do Kwon to be extradited to US as South Korea request overturned

    Terraform Labs co-founder Do Kwon is set to be extradited to the United States to face fraud charges related to massive losses suffered by U.S. investors due to its algorithmic stablecoin collapse.

    Retail FX

    Prop firm Instant Funding pauses US accounts, citing ThinkMarkets ban

    Proprietary trading firm Instant Funding has become the latest retail platform to halt onboarding new US clients, citing a recent decision by their partner broker, ThinkMarkets.

    Retail FX

    Funded Trader and Alpha Capital switch to cTrader, Lark Funding to DXTrade

    Proprietary trading firms Lark Funding and Alpha Capital have both announced changes to their operations that mainly affect their business with US clients.

    Fintech

    Top 5 Most Reliable KYC Technology Providers

    The financial sector’s trade evolution has led to the emergence of several financial markets that provide excellent opportunities for wealth creation. However, it has also given rise to many fraudulent organisations that attempt to steal money from traders. KYC providers developed and offered KYC technology to combat criminal activity in the field of trading and investing.

    Crypto Insider

    Introducing the Inaugural CMC Crypto Awards by CoinMarketCap

    CoinMarketCap, a leading source for Crypto data and insights, is excited to introduce the inaugural CMC Crypto Awards. This virtual event, running from February 21st to March 6th, celebrates innovators and leaders who are making significant impacts in the Crypto and Web3 sectors.

    <