Finalto appoints Paul Groves as its UK B2B Chief Executive Officer
“We’re going to continue to expand our New York and Singapore data centres over the coming months. But as well as that we have a broad range of licenses around the world that we want to better utilise to cement our position as a truly global provider, from the Far East to South America, London to the Middle East and Africa.”
Finalto has announced the appointment of Paul Groves as its UK B2B Chief Executive Officer, succeeding Matthew Maloney.
The promotion follows 13 years working for Finalto, including as its previous iteration as CFH, most recently as Head of European Sales.
To replace Paul Groves, Finalto appointed Chauncey Boreham as Senior Sales Director. He has been with Finalto for over six years, most recently as Vice President of Global Institutional FX and CFD Sales.
“We are not looking for short term relationships”
Paul Groves is an industry veteran who started out in the City in the late 80s at NatWest Bank, before moving into the commodity market for two LME brokers – Brandeis and Gerald Metals. A career into foreign exchange and bullion trading ensued with stints at Linnco Europe, ADM Investor Services, ODL Securities and Sucden Financial, proprietary trading desks and market making desks.
It was in early 2010 that Paul Groves joined CFH Clearing as one of their first employees. He played several roles until being appointed Head of European Sales, a role he held onto when CFH became part of Finalto in 2019. Since the rebranding to Finalto, he’s been running sales teams that cover liquidity, risk management, and 360 technology sales.
Paul Groves, UK B2B CEO of Finalto, said: “I am excited about the year ahead. This year we’ll be focusing on expanding the business globally and building long-standing relationships. The fact I have been here for over 13 years shows my belief in the organisation now and going forward. My longevity here will be replicated with our current and future clients. We are not looking for short term relationships, we’re
looking for sustainable, consistent partnerships going forward.
“We’re going to continue to expand our New York and Singapore data centres over the coming months. But as well as that we have a broad range of licenses around the world that we want to better utilise to cement our position as a truly global provider, from the Far East to South America, London to the Middle East and Africa.”
Matthew Maloney, Group CEO of Finalto, said: “We’re happy to welcome Paul Groves to the role of UK B2B CEO. He has been an invaluable part of Finalto for many years and is uniquely placed to take Finalto B2B forward in the right direction.”
Paul Groves leads Finalto’s global provision of pricing and technology
FinanceFeeds has recently interviewed Paul Groves on Finalto becoming a true worldwide provider of pricing and technology with the expansion into the New York-based liquidity pool and data centre, NY4, with Singapore’s SG3 to be added later this year.
The announcement sent ripples across the trading industry, as the trading technology and liquidity provider will be able to better serve its over 600 clients, from more than 80 countries, spanning retail brokers, banks, hedge funds, professional traders, and asset managers.
The connectivity expansion into NY4 and SG3 will also open up opportunities for both sell-side and buy-side firms as the sizable move puts Finalto further ahead from its competition.
