Mitesh Vaghela elevated to Rostro’s chief business officer

Rostro Financials Group, a fintech group focused on capital markets and digital assets, has promoted Mitesh Vaghela to an expanded role as Chief Business Officer.

Mitesh originally joined Rostro as its chief product officer (CPO) back in March 2022. As part of Mitesh’s new role, he will oversee Rostro’s entire product portfolio and manage the company’s product development and strategic integration efforts. A veteran of 18 years in the financial services field, he will bring experience in product management and business development.

Vaghela also served on the leadership team of several FX firms, including global head of business development at GKFX and solutions manager at institutional specialist Integral Corporation. Prior to that, he was EFX solutions manager at London Capital Group from November 2014 to December 2015.

Earlier in his career, Vaghela spent more than three years at Alpari (UK), where he spent more than three years as a business analyst and product coordinator. He joined Rostro from Equiti Capital, where he was head of product between 2018 and 2023.

Vaghela’s promotion plays into a long-term vision for Rostro, which operates multi-regulated brokerage houses that provide execution, and clearing of both listed securities as well as OTC derivatives. In addition, the group offers banking, alternative finance, and digital asset storage with both on and off ramp solutions.

Rostro is led by Michael Ayres, the former chief operating officer at Equiti Capital. Prior to Equiti, Ayres, who has over 15 years of experience in the forex industry, was the operations director at GKFX.

Rostro Financials acquired Belize-based FX and CFDs brokerage Scope Markets two years ago in an all-cash deal. Scope Markets, which is domiciled in Belize and regulated by the International Financial Services Commission (IFSC), is controlled by UAE-based entrepreneur Serkan Ismailoglu. The Middle East-focused broker also operates regulated entities in Africa, Cyprus and Mauritius.