CySEC-regulated broker Eurotrader Group has appointed industry veteran Marcelo Spina as its Chief Executive Officer (CEO).
Spina brings over two decades of experience in the financial service industry, having worked with an array of investment firms across his lengthy career that dates back to 1995. He most recently served as CEO of a start-up he founded last year to smooth the online trading experience for both B2B and B2C sides.
Dubbed ‘Operar FX,’ the venture sought by Marcelo Spina has two primary divisions. The first was an FX consultancy/liquidity provision team that works with retail brokers to match them up with existing liquidity providers in the FX/CFD space. The second was a retail STP brokerage that is focused on serving markets primarily in Latin America.
Prior to that, Spina was global head of business development at FCA-regulated ThinkMarkets. He joined ThinkMarkets after a short stint with ForexTime (FXTM) where he spent seven months as head of partnerships, based out of London.
Prior to landing at FXTM, Spina was the director of institutional sales at Saxo Capital Markets, from December 2017 to January 2019. The bulk of his career in the FX industry, however, was at Gain Capital where he spent nearly ten years as a senior vice president of global operations and latterly as head of partnerships.
Spina’s tenure at GAIN Capital is not his first foray into the FX industry. Prior to joining the broker in April 2008, he worked as the vice president of sales at FXCM for over three years, dating back to April 2005.
Additional stops also include a stint as Tembo Inc.’s Owner and President between 2001 and 2005, as well as an associate-level role at Morgan Stanley for four years.
Founded in 2018, Eurotrader is a forex brokerage firm owned by Eurotrade Investments RGB Ltd., which is headquartered in Limassol, Cyprus, and licensed to provide online trading products and services.
On the new CEO appointment, Eurotrader’s founder Ozan Ozerk commented: “It is a testament to our growth at the Eurotrader Group that we can attract the caliber of people like Marcelo Spina to the Eurotrader Group, and it does not end with him. One of Marcelo’s strengths has been building strong management teams that have taken companies to the next stages of growth, expansion and valuation. We are sure that with the new leadership team that is being built, we will be able to deliver on our vision to modernise an outdated landscape via the latest innovative technologies and to cater to a trader’s evolving needs.”
Eurotrader Group’s roadmap for expansion is uncovered as Marcelo Spina hints at their next steps: “We will be enhancing our institutional services for professional investors. We are about to launch our commission-free equity investing application Gratis.io for European clients. Meanwhile, we will add additional licenses to accommodate the business growth around the world. We are planning to expand our offering to clients in Southeast Asia, Africa and Latin America and significantly enhance the range of languages supported. We also plan to expand our teams and partnerships in several areas of the world and different disciplines including business development, technology, product, operations and compliance.”