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, 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.”