Scope Markets promotes James Hughes to head of marketing

abdelaziz Fathi

Belize-based FX and CFDs brokerage Scope Markets has promoted James Hughes, who until recently was its head of brand, to take on an expanded role as the company’s global head of marketing.

Hughes has been with Scope Markets since December 2019, having originally joined the firm as a chief market analyst. He held the same position with a handful of FX brokers including eToro, GKFX, AxiCorp, and Alpari (UK), part of a career dating back to 2002.

Hughes was replaced by Antonia Droussiotou, who served most recently in a similar role with brokerage firm Skilling. Prior to that, she spent three years as chief marketing officer at ArgusFX, preceded by a brief stint as head of brand and communications at German broker NAGA.

Commenting on his promotion, James Hughes said: “Following the acquisition of Scope Markets by Rostro Group, the business has been undergoing a series of changes to ensure that we’re well positioned for our future growth ambitions. Part of this is building out a team of knowledgeable market experts across the globe, to help our customers achieve their full potential. Josh will be instrumental in helping deliver this initiative, in conjunction with Antonia.”

Scope Markets CEO Pavel Spirin also comments on the recent exec moves: “2023 is set to be an exciting year for Scope Markets. With the new team now very much in place, we are confident that under the ownership of Rostro Group, we will continue to deliver against our ambition of becoming the financial service provider of choice in the many markets we are operating in.”

Earlier this month, Scope Markets appointed former Equiti executive Yaser Zidan as the newest sales manager for the Middle East and North Africa (MENA) region. He stepped into his new role with immediate effect, nearly two months after the broker promoted Pavel Spirin to the company’s chief executive officer. He replaced the former CEO Jacob Plattner, who was also a major shareholder since he resigned his position as managing director at GKFX.

Earlier this year, Rostro Financials Group, a fintech group focused on capital markets and digital assets, 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.

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