TopFX parts ways with director of institutional sales Michael Nichols
Institutional-focused prime of prime broker TopFX has parted ways with its director of institutional sales Michael Nichols.
In a Linkedin post on Friday, Nichols announced his departure without revealing further details about his next destination.
He joined the Cyprus-based company in the role of head of institutional sales in April 2019. The move to hire Nichols was clearly intended to boost bottom line sales and expand the reach of the company’s newly-launched operations.
In October 2019, he was elevated to take on an expanded role as director of institutional sales. The experience Nichols accrued during his nearly 8 years in sales positions likely influenced TopFX’s decision to hire him to guide its institutional sales department. At the time, the firm announced plans for expansion in non-EU jurisdictions and the launch of a new program for introducers and fund managers.
Prior to joining the TopFX team, Nichols was B2B sales consultant at Panda Trading Systems, which specializes in building technology for the online financial trading industry. There, he was assisting brokers and introducing them to Panda’s technology that can help them increase their KPI’s and manage a brokerage business.
Other stops include working as account manager at 24Option. The latter had been one of the leading and longest-running binary options brokers until it has switched gear in 2018 and focused their offerings completely on the CFDs and forex markets.
Nichols’s experience in FX industry sales extends further back, from his time at MindGeek where he worked as a content analyst for nearly two years, dating back to 2013. During this tenure, he worked in charge of compliance regulations for social media based out of Cyprus.
Commenting on his departure, Michael Nichols said:
“It has been an exciting journey working as Head of Institutional sales TOPFX LTD , I would like to personally thank the company and team for everything I have learned throughout my three years at TopFX. I have met some truly amazing people, learned a lot and watched the institutional department grow. Although bitter sweet, I look forward to the next chapter in my life and continuing my career working for companies that shape the industry and have clear strategic focus on expansion. Happy holidays to TopFX and to all the people that make it.”