UK headquartered cryptocurrency mining firm recently made an announcement revealing that it has hired a new executive to serve as its Chief Strategy Officer. According to statement released by the firm, the newly hired executive is an industry veteran with nearly 16 years of experience in financial service industry. The firm has hired Ramy Soliman to serve as Chief Strategy Officer who served as Chief Executive Officer of UK based prime brokerage service provider Stater Global Market prior to joining GMOZ. Stater Global Market was once a market leading Prime Brokerage operator but has since fallen from grace as the firm had to close down most of its business owing to parent firm’s decision to stop funding its subsidiaries business operations. Since the firm’s decision to shut down its business operations which was announced earlier this year, most of the firms’ executives have parted ways with the firm leaving Stater Global with less than 10 executives as it heads towards its closing later next month according to details provided in its LinkedIn profile.
In his new role as Chief Strategy Officer for GMOZ, Ramy is responsible for driving the firm’s institutional business. Speaking about the firm’s decision to onboard Ramy Soliman, Masahiro Funada – Chief Executive Officer of GMO-Z.com Trade UK commented, “We are delighted to welcome Ramy to the team. To date our UK entity has been primarily focused on the retail side, however you will start to see some changes from us over the coming months as we look to grow our business within the institutional space. I believe that Ramy’s knowledge and track record within the institutional space, combined with the backing of GMO Financial Holdings, will be invaluable as we look to strengthen the group’s global presence”. Prior to his three year term at the prime brokerage service provider which he was a part of since its founding back in 2016, Ramy served as part of Citi Group’s EMEA Margin FX Sales team.
While at Citi Group’s FX Sales team, Ramy handled institutional clients from UK, Cyprus, Greece, Lebanon, Turkey, Jordan, UAE, Bahrain, Qatar, BVI and Cayman and was in charge of handling the clients’ e-FX liquidity and Prime Brokerage sales services. Aside from his term at Citi Group, he also served as IG markets, Halewood International and Everett Financial. Commenting on his new role at the mining firm, Ramy stated, “I am delighted to join Masahiro and the team at GMO-Z.com. I believe that all the core elements exist here to create a disruptive institutional offering of the highest standard, namely strong financial backing from a significantly capitalised listed parent, multiple Tier 1 Prime Broker relationships and strong liquidity partnerships, and I look forward to executing the strategy”.
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