Former City Index Director of Revenues Caroline Cooke leaves the FX industry

Caroline Cooke left City Index, along with several colleagues, in Summer 2015 following the acquisition of the firm by GAIN Capital. She has now been appointed to a senior executive position at Swiss Re, leaving the FX industry.

London-Square-Mile

After almost five years at City Index, Caroline Cooke left her position as Associate Director of Revenues last summer.

This week, Ms. Cooke commences her new role, however the electronic trading industry has given way to pastures new, as she joins Swiss Re, a large reinsurance company with its headquarters in Zurich, Switzerland.

Singapore-based Ms. Cooke’s new position with the Swiss company is within its APAC division in Singapore, following her move to the Far Eastern nation in October 2012 when she was promoted from Operations Manager at City Index to Associate Director of Revenues, the promotion necessitating a move from City Index’s London headquarters to Singapore.

07f2fdb
Caroline Cooke

Joining City Index in August 2011 as Operations Manager, Ms Cooke worked with Simon Bird, former COO of the company who left City Index in January 2014 to form his own consultancy, along with Patrick Cassidy and Dan who was Global Head of Trading and Research at City Index who embarked on a university degree, and is now looking for his next opportunity.

Ms. Cooke joins Swiss Re as Head Divisional Executive Officer, effectively meaning that she will lead the APAC operations of the company from a corporate and organizational perspective.

Educated at the University of Newcastle-Upon-Tyne in England, Ms. Cooke graduated in 2002 with a 2:1 in Chinese, French and Spanish, following her first degree at the Renmin University of China in which she graduated with a degree in Chinese in 2000.

Joining Primrose Associates in London in January 2004, Ms. Cooke entered the financial services industry as a financial advisor, where she worked for two and a half years before joining Charles Cameron & Associates as Head of International Mortgages in London.

After a year in Australia in a project management capacity, Ms. Cooke returned to London and joined City Index, rising to Associate Director level within less than two years at the firm, her complete tenure being four and a half years.

Ms. Cooke’s departure from City Index approximately coincided with the company’s acquisition by GAIN Capital which was completed in April 2015, the actual transaction between City Index and GAIN Capital at the time of bid in October 2014 was reported to be $118 million, however subsequently, it emerged that the net purchase price was actually $82 million, which included $36 million in cash.

Following the acquisition by GAIN Capital, interim CEO Mark Preston was retained but was soon let go, and has since joined the board of British spread betting company ETX Capital as a non-executive director.

Also leaving City Index at the same time as Ms. Cooke was former Marketing Director Joshua Raymond, who moved to X-Trade (British division of Poland’s XTB) in July 2015 where he was appointed to the position of Chief Marketing Officer.

Read this next

Retail FX

Lion launches multi-currency trading accounts powered by AI

The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors.

Inside View, Interviews

Interview: Stanislav Bunimovich on Finalto’s white label solution

To explore what makes Finalto’s white-label solutions stand out in such an incredibly competitive market, Finalto sat down with its Chief Operating Officer, Stanislav Bunimovich, for an interview. 

Digital Assets

Talos acquired Cloudwall for a better portfolio management system

Cloudwall’s additional expertise in portfolio risk systems further positions Talos at the forefront of portfolio management systems across spot, futures, perps, and options.

Digital Assets

Bybit’s Bitcoin market share explodes, up by 400%

“This milestone is a testament to our sharp trading products and the loyalty of our users. As the industry evolves, Bybit remains at the forefront, ready to set new standards in the crypto trading world.”

Crypto Insider

Why Self-Custody is the Key to Secure Crypto Trading

Crypto trading is fast gaining popularity; as of writing, the total market capitalization stands at $2.3 trillion, double what it was at the onset of the 2021 bull market.

Industry News

UK FCA sues Lee Steven Maggs for FX scam Kube Trading

‘Kube Trading’ allegedly received around £2.67 million for FX trading and concealed significant losses from investors.

Market News

AUD/USD Soars Following Inflation Report

Australia’s CPI surge hints at prolonged tight monetary policy. Watch the Aussie dollar as US economic data looms.

Institutional FX

GCEX reports drop in turnover in 2023 due to crypto winter

“The crypto winter had a huge impact across the industry, and GCEX was no exception. However, in response to the decline in revenue, we have been resilient and adaptive, navigating our costs effectively and diversifying revenue streams such as introducing staking services for institutional and professional clients.”

Institutional FX

FxGrow taps Integral’s SaaS brokerage workflow

“FxGrow’s decision to partner with us is indicative of the growing advantage for brokers to leverage tier-one institutional-grade technology while maintaining control over their own platform. Integral is well-positioned to provide the SaaS solutions that will enable these businesses to better compete in the market.”

<