Stater Global Taps Michael Davies as its New Global Head of Sales from Sucden Financial - The Industry Spread

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.

Stater Global Markets

Stater Global Taps Michael Davies as its New Global Head of Sales from Sucden Financial

October 5, 2018
Michael Davies, Stater Global Markets Head of Sales
Michael Davies, Stater Global Markets Head of Sales

UK FCA regulated and Prime of Prime brokerage, Stater Global Markets has tapped Michael Davies, Sucden Financial’s Head of eFX Sales EMEA as its new Global Head of Sales.

Stater Global stated that this newly created role of Global Head of Sales is a crucial development for the company after it first revealed its plans to build sales function last month. Michael Davies joins Stater Global after over 14 years at Sucden Financial, where he played an instrumental role in establishment and growth of Sucden’s eFX business.

Stater Global is in a hiring mode with multiple recent hires in the senior management roles. Max Moriarty is the first senior executive to be hired for the newly launched sales function who joined the firm in September 2018 and will now report directly to Michael. Other notable hires include former IG Group institutional chief Mark Chesterman who joined as COO, Simon Henry of Gain Capital as Head of Compliance.

With Michael Davies, he brings an extensive industry experience to Stater and will be responsible for global sales and managing the sales team. At Sucden, he started as Research Analyst in 2004 and with multiple promotions, he rose to Head of Research in 2007, and two years later as Manager of Corporate Strategy and Business Development. He joined the eFX team in institutional sales in 2011 and appointed as Head of eFX Sales EMEA in April 2016.

Ramy Soliman, Chief Executive Officer of Stater Global Markets
Ramy Soliman, Chief Executive Officer of Stater Global Markets

Ramy Soliman, CEO, Stater Global Markets commented:

“Michael’s appointment is a significant milestone for Stater – he is a well-respected and knowledgeable senior sales person with an extremely versatile skillset and brings a wealth of institutional insight to Stater. We are thrilled he is joining. This appointment highlights our underlying ambition for Stater Global Markets as we continue to invest in the business and expand globally.”

Michael Davies commented on his new role at Stater Global, said:

“After almost 15 years at Sucden Financial, helping them grow from being an unknown in FX PB to a well-respected firm trading yards and yards a day, I felt like I needed a new challenge.” Said Davies, “Stater presented me with the ideal opportunity – a global role in a young, dynamic, ambitious firm which has FX at its core and is eagerly looking at complimentary products like Crypto CFD’s.”

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