Exclusive: Teddy Sagi continues to strengthen his FX empire as Roger Hambury is made Director of TradeTech
Roger Hambury becomes Director of TradeTech as Playtech continues its aggressive M&A drive in acquiring a cross section of electronic trading companies, software providers and institutional partners
Just a day has passed since London Stock Exchange listed gaming software development company Playtech, operated and founded by British-Israeli magnate Teddy Sagi, concluded its acquisition of Muhammad Rasoul’s Alpha Capital Management, latterly known as ACM Group.
Playtech’s active mergers and acquisitions strategy within the FX industry has been absolutely notable by its remit to purchase large and successful companies which also have their origins in Israel, those having been Plus500, which became a $1 billion company very soon after its listing on London Stock Exchange’s Alternative Investment Market just four years ago, and AvaTrade, a very well established privately owned retail FX firm.
Whilst both acquisition attempts were scuppered by the British authorities, Playtech continued its intent to acquire well established firms across the electronic trading spectrum, one example being CFH Group, and the most recent, ACM, which provides retail and institutional services globally.
Today, as the acqusition of ACM becomes formal, Roger Hambury, ACM Group PLC’s Executive Director who joined ACM in 2015 from GAIN Capital, has been appointed Director of TradeTech Group, which is part of Playtech Financials, and develops next-generation B2C and B2B multi-channel trading software, along with systems and services, largely aimed at CFD brokerages.
Mr Hambury has been selected from ACM Group, where he spent two years as Executive Director of the publicly listed company, having joined from GAIN Capital’s London operations, where he was Director of Institutional Sales & Trading between September 2013 and September 2015.
Prior to that, Mr Hambury was at GFT Markets in Canary Wharf, joining GAIN Capital in September 2013 when GAIN Capital acquired GFT Markets.
Mr Hambury is a veteran of the British CFD industry, having spent 9 years at City Index as Managing Director for the EMEA region beween 2003 and 2012, and was privately educated at one of Britain’s most highly respected establishments, Clifton College in Bristol, which can lay claim to having a list of alumni including Michael Kadoorie, once the wealthiest man in Asia, along with several world leaders and members of international aristocracy.
Quite clearly, Playtech’s aspirations to build an all encompassing electronic financial services entity that spans all sectors from institutional liquidity provision to retail brokerages and across technology provision is a priority, and may well be the catalyst that elevates its image, especially considering the onboarding of highly qualified talent such as Mr Hambury
