Tim Rudland joins MultiBank as chief risk officer
MultiBank Group has appointed industry veteran Tim Rudland as its new chief risk officer (CRO) based in the company’s new headquarters in Dubai, the United Arab Emirates.
With an extensive background in foreign exchange markets, Tim ends a relatively short stint at Liquidity.net, the prime brokerage business of Melbourne-based broker, ThinkMarkets. He served most recently as head of institutional trading for the multi-asset liquidity provider.
Tim originally joined Liquidity.net as liquidity manager in 2021 and was promoted internally in November 2022 from his previous position.
Prior to joining Liquidity.net, he served as the vice-president of institutional sales at FXCM Pro, based out of London, for two and a half years.
Before landing at FXCM, Rudland worked at FCA-regulated brokerage firm GKFX for nearly four years, holding the position of UK head of trading. He also gained experience in the foreign exchange industry during his five-year tenure at Alpari. Rudland initiated his career as a dealer at CMC Markets, where he began building his expertise in the field.
In his new role, Rudland will work with the executive team with responsibility for administering MultiBank’s risk management framework including the exposure management and capital modelling functions across the group. With nearly 20 years of experience, he joins in a key senior management role, bringing a hands-on approach to international risk management.
Rudland 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.
