Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

abdelaziz Fathi

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Pavel Spirin

Daniel stepped into his new role with immediate effect, nearly three years after he joined the firm in a senior role as its chief growth officer, according to information made public on his LinkedIn profile.

In his previous role, Spirin was responsible for Scope Markets’ growth strategy, building and maintaining relationships with key partners within the wider brokerage business that are essential to the company’s business. As the company’s CEO, he will help solidify Scope Markets operations in many regions as well, bringing nearly two decades of expertise in the financial services industry to the role.

Spirin started his own career in the finance space in 2013 when he assumed his first role in the FX arena as global head of acquisition at Alpari (UK) Ltd. There he spent nearly a year and a half heading up customer acquisition, web analaytics and CRO activities and projects across 75+ countries.

Spirin also served in an analogous role with the UK online broker CMC Markets. A three-year tenure at Skilling took his career between 2018 and 2021, having worked most recently as its chief commercial officer.

Earlier this month, Rostro Financials Group, a fintech group focused on capital markets and digital assets, has completed the acquisition of Scope Markets.

The financial details of the transaction were not disclosed, but Rostro has bought the retail broker in an all-cash deal. Scope Markets , which is domiciled in Belize and regulated by the International Financial Services Commission (IFSC), was controlled by UAE-based entrepreneur Serkan Ismailoglu. The Middle East-focused broker also operates regulated entities in Africa, Cyprus and Mauritius.

The deal also plays into a long-term vision for Rostro, which operates multi-regulated brokerage houses that provide execution, and clearing of both listed securities as well as OTC derivatives. In addition, the group offers banking, alternative finance, and digital asset storage with both on and off ramp solutions.

Read this next

Retail FX

Italy blocks domains of Vantage, Luno Invest and Crypto Trade

Consob, the Italian securities regulator, has dropped the hammer on yet another number of FX websites it says were illegally promoting trading products in the country. It has contacted Italy’s internet service providers (ISPs), requesting that they block access to all of the sites in question.

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.

<