Tim Rudland joins MultiBank as chief risk officer

abdelaziz Fathi

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.

Read this next

Market News

Base metals could soon take off from the base again

Dive into our full analysis to understand the potential resurgence of base metals and what it could mean for your investment strategy.

Digital Assets

Global clamp down on crypto tax evasion to go live in 2027

“As jurisdictions that play host to active crypto markets, we therefore intend to work towards swiftly transposing the CARF into domestic law and activating exchange agreements in time for exchanges to commence by 2027.”

Digital Assets

Ripple and Archax team up for tokenization with XRPL

“There is clear real-world utility in use cases like RWA tokenization for the operational efficiency, access to liquid markets and transparency inherent to crypto, and Archax has already tokenized assets such as equities, debt instruments and money market funds. Financial institutions are now understanding this and we are excited to play our part in helping them to embrace the technology by bringing their assets onto the XRPL.”

Interviews

Acuity Trading at iFX EXPO LATAM: Andrew Lane on the rise of AI and prop trading

At iFX EXPO LATAM 2024, Acuity Trading’s Andrew Lane discussed the successful rollout of their Research Terminal, the impact of AI on the trading industry, competition from AI-powered solutions, emerging market trends in Latin America, and the rise of prop trading, while addressing regulatory challenges and innovations.

blockdag

Top Crypto Highlights for Q2 2024: BlockDAG’s Astonishing 1120% Growth Compared to Solana’s Surge and Toncoin’s Market Triumph

Explore the latest highlights in cryptocurrency: Solana’s recovery, Toncoin’s record levels, and the rise of BlockDAG’s innovative technology.

Digital Assets

Ripple seeks $10 million penalty citing Terraform fine in SEC case

Ripple Labs wants to reduce the financial penalties proposed by the U.S. Securities and Exchange Commission (SEC) by leveraging recent fines imposed on Terraform Labs.

Digital Assets

Swiss regulator shuts down CoinShares’ partially-owned FlowBank

Switzerland’s financial regulator, FINMA, has closed FlowBank SA and placed it into bankruptcy due to severe breaches of capital requirements and other supervisory laws. This follows a series of enforcement actions against the bank that began in October 2021.

blockdag

Presale Power Players: 5 Crypto Presales Primed for Success in 2024 According to Experts

Unlock the potential of the best presale cryptos available now. See why experts recommend BlockDAG, Bitbot, eTukTuk, 99Bitcoins Token, and ButtChain.

Executive Moves

Paxos axes 65 jobs, cuts headcount to below 300

Stablecoin issuer Paxos has laid off 65 employees, equating to 20% of its staff, despite maintaining a robust financial standing.

<