Interactive Brokers, the US-based electronic brokerage firm through a regulatory filing to the US SEC has announced the appointment of John Damgard as Director of the firm, effective from the start of this month. As per the filing, the original appointment was made in Nov 30th 2018 and Mr Damgard joins as Independent Director under the rules of the US SEC.
The appointment of John Damgard was made to fill the vacancy left by Kenneth Winston who resigned from the position and was reported by the company through the regulatory filing at the end of October. As per the document, Winston notified the company about his intention to step down from the position on October 17th, 2018 and his resignation is made effective from December 31st, 2018.
As per his LinkedIn profile, Kenneth Winston is a Senior Risk Officer at Western Asset Management Company which is based in California and also a lecturer in Economics at the California Institute of Technology since 2011. Mr Winston has also been the Director of Society of Quantitative Analysts (SQA) were he worked for almost two decades starting January 1998.
Before joining the Interactive Brokers, John Damgard has led the Futures Industry Association as its President and was part of the organization since 1982. He is also the founder, past president and member of the Institute of Financial Markets. In the regulatory filing, Interactive Brokers has mentioned that he has no familial connection with any members of the Board and is entitled to the same compensation as the company’s other non-employee directors.
The last few months have been pretty eventful for the company as it listed its shares on Nasdaq. The company also reported a better third quarter financial results for 2018 at $439 million, which is up by 3.5 per cent when compared to the $426 million achieved in the same period last year. The profits before tax of the company also increased by 2.9 per cent to $276 million from $268 million.
Karthik Subramanian
Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.
