TopFX CEO Gabriel Styllas leaves the company

As far as leaders of the Cyprus FX industry are concerned, Gabriel Styllas is one such professional who can credit himself with having brought institutional and interbank experience to an otherwise completely retail sector. His leadership at Cyprus based Prime Brokerage TopFX reflects his banking background, the company being the only business-to-business prime brokerage firm […]

As far as leaders of the Cyprus FX industry are concerned, Gabriel Styllas is one such professional who can credit himself with having brought institutional and interbank experience to an otherwise completely retail sector.

His leadership at Cyprus based Prime Brokerage TopFX reflects his banking background, the company being the only business-to-business prime brokerage firm in Cyprus, an island which is home to over 170 retail FX companies.

Today, FinanceFeeds has learned that Mr. Styllas has left his position as CEO of TopFX after just over four years with the firm.

His future plans have not been disclosed, however Mr. Styllas has updated his public profiles on professional networking sites to confirm that he has indeed concluded his tenure as CEO at TopFX.

Mr. Styllas joined TopFX in November 2011 from Deutsche Bank AG (FRA:DBK), where he was Head of Compliance for the firm’s Cyprus and Greece operations, a positon which he held for over five and a half years.

Prior to joining Deutsche Bank, Mr. Styllas was General Manager for the ICFI Cyprus Investment Firm, a position he assumed in 2004.

British-educated Mr. Styllas graduated from the University of Southampton in 1995 with a Master of Science degree in International Banking and Financial Studies, preceded by a first degree at Manchester University, where he graduated with a BA in Economics, Accounting and Finance.

Mr. Styllas is a well renowned professional among the Cyprus FX business, standing himself out as an executive who is aligned with the leaders of prominent firms across the institutional sectors of Britain and North America, a somewhat different category of experience from the leaders of many of the retail firms in Cyprus whose leadership is often from a retail sales background.

FinanceFeeds wishes Mr. Styllas great success in his next venture.

Read this next

Digital Assets

Zero Hash obtains AUSTRAC registration in Australia

Seed CX is expanding the reach of its crypto settlement solution, dubbed ‘Zero Hash,’ which has registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider.

Digital Assets

UK advertising watchdog slams Arsenal over misleading crypto ads

The UK advertising watchdog has reprimanded Arsenal Football Club for promoting crypto assets without warning fans of the potential associated risks.

Retail FX

Swissquote profit slips as crypto revenue falls by two thirds

Swissquote Group, Switzerland’s provider of online trading services, reported that its H1 revenues dropped by nearly a quarter from a year ago as clients’ interest in crypto trading stagnated.

Digital Assets

Crypto.com granted approval to operate business in Cayman Islands

Crypto.com, one of the longest-established crypto platforms, has obtained a new registration in the Cayman Islands under the Virtual Asset Services Providers Act.

Executive Moves

United Fintech hires Mitch Vine and Danny Finnerty to expand US footprint

“United Fintech’s expansion in the US is pivotal to our mission of helping financial institutions digitize and gain access to best in class capital markets focused technology.”

Digital Assets

Ankr backed by Binance Labs after several initiatives in support of BNB Chain

Ankr has made a series of upgrades to the BNB Chain, including Erigon, the Archive Node, and the latest BNB Application Sidechain (BAS) scalability solution.

Retail FX

Financial Commission terminates membership of LordFX

The Financial Commission, an independent self-regulatory compliance specialist for the financial services industry, has expelled forex brokerage LordFX from its membership, according to a FinaCom statement.

Industry News

Match-Prime Liquidity sponsors Cypriot football club Omonoia FC

“We feel privileged to support Omonoia as it’s one of the largest teams in Cyprus, fandom size-wise, and we know it has a special connection with its supporters.”

Institutional FX

XTB’s X Open Hub adds 30 cryptos to white label offering for brokers

Its solutions include deep institutional liquidity on more than 5,000 global instruments, such as indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a white label platform that can be fully customized and branded for each brokerage.

<