MultiBank onboards Marc Aspinall as chief commercial officer

abdelaziz Fathi

MultiBank Group has appointed industry veteran Marc Aspinall as its chief commercial officer (CCO) with immediate effect.

Aspinall lands at MultiBank after having worked with an array of FX brokers across his lengthy career that dates back to 2001. He served most recently at BVI-based FX broker OneRoyal where he spent 11 months as the group’s chief operating officer. Aspinall was also the CEO of its sister brand AllStars Trader, which is based in St Vincent and the Grenadines, between 2021 and 2023.

With over two decades of experience in senior roles at financial trading firms, Marc has hands-on industry expertise across different jurisdictions. Earlier in his career, he spent 10 years at the London listed CMC Markets in the position of head of partners distribution.

In 2012, Marc relocated to the Middle East in the capacity of global head of sales at the $500 million regionally financed ADS Securities. He worked closely with Yasin during the formation and launch of German broker Naga Group.

Marc joins MultiBank nearly a few months after the broker relocated its headquarters from Hong Kong to Dubai, UAE. The group said it has selected Dubai for its infrastructure, accessibility, and strategic location as a gateway to other markets in the MEA region. The move comes shortly after it has secured two strategic regulatory licenses from the Securities and Commodities Authority of the United Arab Emirates (SCA) and the Monetary Authority of Singapore (MAS).

The addition of these coveted licenses extends the group’s regulatory arsenal to include companies authorised by ASIC in Australia, BaFin in Germany, FMA in Austria, SCA in the United Arab Emirates, MAS in Singapore and CIMA in the Cayman Islands.

Founded in 2005, MultiBank Group has a current paid-up capital of over $322 million and counts an extensive client-base of over 320,000 customers from across 90 countries.

Read this next

Digital Assets

Celsius users consider legal challenge to reorganization plan

A group of creditors from the bankrupt crypto lender Celsius is looking into legal options to challenge the company’s reorganization plan, which they claim unfairly favors certain creditors.

Digital Assets

e-CNY mastermind Yao Qian arrested in corruption probe

The mastermind behind China’s central bank digital currency (CBDC) project is reportedly under scrutiny for suspected “violations of discipline and law,” according to Shanghai Securities News.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: USD Strength, US PCE, Eurozone April 26 ,2024

US inflation data came in hotter than expected, pressuring the Federal Reserve to potentially raise interest rates and causing the US Dollar to rise against the Euro as the Eurozone faces economic uncertainties.

blockdag

BlockDAG Presale Tops $20.7M! Here’s How to Buy BDAG Coins with USDT and Ethereum for Explosive Gains of 30,000x

Early investors are looking at potentially significant returns in its tenth batch at $0.006 per coin.

Retail FX

Exclusive: Prop firm Funded Engineer faces lawsuit from FPFX

Retail trading tech provider FPFX Technologies, LLC (FPFX Tech), has filed a lawsuit against the prop firm Funded Engineer and its associated operatives for alleged breaches of contract.

Market News, Tech and Fundamental, Technical Analysis

USDJPY Technical Analysis Report 26 April, 2024

USDJPY currency pair can be expected to rise further toward the next resistance level 160.00, target price for the completion of the active impulse sequence (C).

Digital Assets

US crypto miner and founders hit with $5.6 million fraud charges

The U.S. Securities and Exchange Commission (SEC) has filed charges against Texas-based cryptocurrency mining and hosting company Geosyn, and its co-founders Caleb Ward and Jeremy McNutt.

Chainwire

BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024

Platinum Spotlight: BloFin dazzles as the top sponsor of TOKEN2049 Dubai, elevating its status with the electrifying WhalesNight AfterParty 2024. Celebrate blockchain innovation and join the night where industry leaders and pioneers connect.

<