Exinity onboards Advanced Markets’ Sammy Christou as CRO

abdelaziz Fathi

Exinity, which was founded in 2020 by Andrey Dashin, owner of brokerage companies Alpari and FXTM, has appointed Sammy Christou as its new chief risk officer.

Sammy Christou

With an extensive background in foreign exchange markets, Christou joins Exinity coming from Advanced Markets where he held an analogues role for more than a year.

In his new position as CRO, Sammy will work with the executive team with responsibility for administering Exinity’s risk management framework including the exposure management and capital modelling functions across the group. With a lengthy career dating back to 2008, he joins in a key senior management role, bringing a hands-on approach to international risk management.

Before coming to Advanced Markets, Christou was head of trading at Equiti Capital, where he worked more than three years based in London. Prior to that, he was a senior trader at GAIN Capital, then joined London Capital Group to take on an expanded role.

Exinity’s story goes back to 1998

Exinity Group was launched by entrepreneur Andrey Dashin, chaired by FXTM Co-founder, Olga Rybalkina. The group is comprised of the various retail businesses owned by Dashin, which includes Alpari International, ForexTime (FXTM) and AcruPay, a money transfer and payments service. A few months later, the company secured an FX brokerage license in Kenya.

Exinity’s entrant into the African forex scene was preceded by EGM Securities Ltd (FXPesa), which received its first license in 2018, followed by SCFM Ltd (Scope Markets) in 2019, Pepperstone in 2020, and most recently HotForex. This brokerage license allows Exinity Capital East Africa to provide its clients with access to currency markets but without being engaged in market-making or managed accounts activities.

Exinity’s story goes back to the first days of online forex trading with the founding of the Alpari Group in 1998. Alpari expanded rapidly in the world’s emerging markets and was joined in 2011 by its sister brand, FXTM.

Together, both brands have established a strong global presence in online trading, serving over three million clients in 180 countries from regulated centres across four continents.

 

Read this next

Industry News

Exness Crowned as Best Global Multi-asset Broker at Forex Expo Dubai 2023

Cyprus-based Exness garners top honors at the Forex Expo Dubai, solidifying its esteemed position in the global financial arena.

Retail FX

CySEC cancels license of 101investing parent following €200,000 fine

The Cyprus Securities and Exchange Commission (CySEC) confirmed on Tuesday that it has wholly withdrawn the Cyprus Investment Firm (CIF) License of FX retail brokerage firm FXBFI Broker Financial Invest Ltd, trading as 101investing.

Retail FX

Scope Markets doubles down on Middle East: AED accounts ahead of GCC Equity CFDs

“To bolster our footprint in this thriving ecosystem, it was a strategic imperative to integrate AED accounts and introduce a slew of CFD equities reflecting the GCC landscape. This not only appeases the domestic audience but also beckons international investors aspiring to delve into these dynamic markets.”

Market News

Navigating the Complex World of Central Banks: Inflation, Rates, and Economic Growth

Inflation continues to loom large over both European households and businesses, leaving central banks in the region grappling with a prolonged battle to reach their target levels.

Institutional FX

QUODD partners with Blue Ocean for real-time after-hours market data

“Investors are increasingly global, and market data providers like QUODD are facilitating access to data that enables global traders to invest in US markets. Partnering with top-tier fintech providers like QUODD allows Blue Ocean to extend its reach to a new demographic of investors.”

Retail FX

Moomoo Canada launches pro-level tools, free Level 2 data, and affordable US stock trading

“Being a real social trading platform in Canada, we cultivate a unique ecosystem helping our users grow… The world is eager to hear the voice of Canadian individual investors, and we look forward to more contributions from Canadian investors in our moo community.”

Industry News

CFTC sues Patrick Wonsey for $3.4 million FX and binary options scam

Wonsey allegedly diverted these monies for personal use and orchestrated payouts to other pool participants, mirroring a classic Ponzi scheme.

Digital Assets

MoneyGram to launch non-custodial digital wallet

“In collaboration with SDF, MoneyGram has been working towards creating equitable access to the global financial system. With the introduction of this non-custodial digital wallet, we are further emphasizing our commitment to providing consumers with a bridge to the digital economy while upholding our brand’s integrity for speed, efficiency, and trust.”

Digital Assets

Binance exits Russia as part of crypto exchange’s compliance strategy

“As we look toward the future, we recognize that operating in Russia is not compatible with Binance’s compliance strategy. We remain confident in the long-term growth of the web3 industry around the world and will focus our energy on the 100+ other countries in which we operate.”

<