Pepperstone names Kogan.com CFO as advisor in move to expand FX broker

Rick Steves

“I am excited to join Pepperstone at its current stage of growth where it has transitioned from a very successful Melbourne headquartered start-up founded in 2010 into a large global brand that it is today.”

Pepperstone has welcomed David Shafer as Board Advisor. Mr. Shafer is CFO, COO and Executive Director of Kogan.com.

David Shafer has been brought to Pepperstone to provide guidance and advice as the trading company plans its next moves on its growth trajectory.

The industry veteran was a Senior Associate lawyer at Arnold Bloch Leibler prior to joining Kogan.com. He holds a Bachelor of Law (Honours) and a Bachelor of Commerce from The University of Melbourne.

Tamas Szabo, Chief Executive Officer at Pepperstone Group, commented: “We are pleased to formally welcome David to Pepperstone. He will provide the board with invaluable advice on its future growth plans. David’s experience in growing Kogan from its inception into a leading e-commerce brand in Australia and New Zealand, provides us with a fantastic pedigree in helping to advise us on our direction and focus. I have known David for a number of years and he is a highly intelligent and capable business leader. I look forward to working with him.”

David Shafer, Advisor to the Board of Directors at Pepperstone, said: “I am excited to join Pepperstone at its current stage of growth where it has transitioned from a very successful Melbourne headquartered start-up founded in 2010 into a large global brand that it is today. There are very exciting plans ahead for the business where I hope my advice and support will provide some help in its future direction.”

Pepperstone is one of the most respected forex and CFD brokers headquartered in Australia, but the firm caters to investors in many other jurisdictions. The firm is now more prone to international expansion, as other Australian FX and CFD brokers alike, after ASIC imposed new restrictions on CFD trading to retail traders, namely a sharp cut in maximum leverage.

The brokerage firm is regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySec), the Securities Commission of The Bahamas (SCB), the Dubai Financial Services Authority (DFSA), the Federal Financial Supervisory Authority (BaFin) and The Capital Markets Authority of Kenya (CMA).

The Australian FX broker has recently promoted Alexander Kolpokchi to head its Middle East operations. The entity is regulated by the Dubai Financial Services Authority (DFSA) after securing a license in 2020 by incorporating its subsidiary in the Dubai International Financial Center (DIFC).

The DFSA license allows Pepperstone to provide its range of FX and CFDs products to retail and professional clients not only from the UAE but also to expand the offering to the other GCC states.

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