GAIN Capital Appoints Patrick McGonagle Representative Director and Country Manager in Japan

Maria Nikolova

Mr. McGonagle brings a decade of experience in the foreign exchange and contract for difference industry to GAIN.

GAIN Capital Holdings, Inc. (NYSE: GCAP) (“GAIN Capital”) (“the Company”) has announced the appointment of Patrick McGonagle as Representative Director and Country Manager, Japan. In his new role, Mr. McGonagle will oversee GAIN’s retail business in Japan and report to Alex Howard, Managing Director, Asia Pacific.

“We are excited to welcome Patrick to the GAIN team in APAC. He is a strategic leader with deep expertise in the Japanese market and a strong track record for driving sales, particularly within high-value customer bases. Japan is the largest market in which GAIN operates in the APAC region, and we look forward to his contributions as we strengthen our retail business in this key jurisdiction,” said Alex Howard.

Patrick McGonagle added, “I am thrilled for the opportunity to support GAIN’s expansion in APAC and help accelerate the growth of its retail business in Japan. There is a clear opportunity to capture additional market share and I look forward to working closely with Alex and the global team to enhance and expand the Company’s products and services, add new customers and grow the business.”

Mr. McGonagle brings a decade of experience in the foreign exchange (FX) and contract for difference (CFD) industry to GAIN, with deep expertise in the development and commercialization of various trading products and strategies. Patrick most recently served as CEO of IG Securities in Tokyo and prior to that, was the Head of Trading Services, APAC at IG Markets Ltd.

Read this next

Digital Assets

FTX US adds stock trading, fractional shares to crypto platform

FTX US, the American subsidiary of crypto exchange FTX has kicked off stock trading feature to its customers in an effort to compete with popular platforms such as Robinhood and eToro.

Industry News

UK FCA empowered to remove brokers’ permissions in 28 days

Businesses with permissions they don’t need or use, risk misleading consumers. These new powers will enable us to take quicker action to cancel permissions that are not used or needed.

Industry News

CFTC charges $44m Ponzi scheme but millions may have fled to foreign crypto exchange

The CFTC alleged that defendants transferred millions of dollars to an off-shore entity that, in turn, may have transferred funds to a foreign cryptocurrency exchange. None of these funds were returned to the pool.


Saxo Bank deploys Adenza to address Basel and EBA requirements

The integration of ControllerView will enhance Basel-driven capital calculations and reporting at Saxo Bank in support of the bank’s multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and UK, with plans to expand into the Netherlands.

Executive Moves

ComplySci appoints CTO, CPO, and CLO to further regtech’s product expansion

ComplySci offers compliance software used by more than 1400 global institutions to identify risk and address regulatory compliance challenges.

Digital Assets

Thailand closer to launch digital asset exchange “to serve the needs of younger generations”

TDX is a subsidiary of the Stock Exchange of Thailand (SET) and its incorporation is part of the group’s strategic position to connect capital markets, open opportunities for the business sector in raising funds and cater to investment demand of new generations.

Digital Assets

Russia to legalize cryptocurrency payments as sanctions bite

Russia could soon be the latest country to lay down ground rules for legalizing cryptocurrencies as a means of payment, a sign that governments around the world are realizing that digital assets are here to stay.

Institutional FX

XTX Markets UK reports lackluster results for 2021

The UK business of XTX Markets, a non-bank FX liquidity provider and market maker, has reported its financials for the fiscal year ending December 31, 2021. The report showed impressive metrics after seeing revenues and customer activity increase even as the pandemic trading boom fizzled out.

Digital Assets

Binance in talks with BaFin to get license in Germany

Changpeng Zhao (CZ), founder and CEO of Binance has confirmed that they are in talks with Germany’s regulators to secure a local crypto license.