Navro, CMC Markets Nomura and More: Executive Changes for the Week

The number of executive appointments in the fintech, forex and crypto sectors decreased slightly this week compared to the previous week.

James Rutter, formerly of IG Group and tastetrade, has moved to the role of Commercial Lead. Susan Segal has joined Robinhood’s board of directors. Colin Moss Davies has been appointed Chief Revenue Officer at Navro.

Philippe Schneider has been appointed Global Head of Sales by DHF Capital. Hemish Khan, Head of EMEA Flow Rates at Nomura. Jody Dunn has been promoted to chief operating officer. Sarah Gore Langton has been promoted to Chief Risk Officer.

Our weekly roundup explores the world of leadership changes in fintech, forex, cryptocurrency and more. Discover the changing leadership landscape in the financial technology industry.

Leadership Change This Week

Robinhood Co-Founder Baiju Bhatt Steps Down as Chief Creative Officer

Robinhood Markets, Inc. (NASDAQ: HOOD) announced the resignation of Baiju Bhatt after more than a decade of service , co-founder and chief creative officer. Bhatt was instrumental in shaping Robinhood’s vision and cites his desire to explore entrepreneurial ventures as the reason for his departure. He expressed his gratitude for working with such a committed group. Bhatt, who left his leadership position, remains on Robinhood’s board and reiterates his commitment to the company’s mission and journey.

Bhatt remains true to Robinhood’s mission and his transition underscores his commitment to the company’s strategic direction. Robinhood CEO Vlad Tenev recognizes Bhatt’s critical role in the company’s growth and praises his contribution to improving market access for new investors. Bhatt’s commitment will ensure continuity as Robinhood navigates this leadership transition.

Learn more about Baiju Bhatt and Robinhood’s leadership transition as part of its mission to democratize financial services.

Saxo Bank promotes its internal promotion to the new COO in the MENA region.

Tara Tyan has been appointed as the new Chief Operating Officer for the MENA region at Saxo Bank. This is an internal promotion and reflects the bank’s commitment to its team members. Tyan’s extensive experience in the brokerage business, particularly in Forex and CFDs, makes her well-suited for her new role. Her promotion demonstrates Saxo Bank’s focus on developing talent internally and facilitating career growth within the organization.

James Rutter, deputy chief of staff at IG Group, joins Tastytrade as commercial director

James Rutter, formerly deputy chief of staff at IG Group, has taken on the role of commercial director at tastesttrade. This marks a major transition in his professional career. His appointment to yummytrade underscores the company’s global expansion focus, particularly outside of the US market.

Learn more about James Rutter’s transition to IG Group and strategic moves in the online trading sector and financial education.

Robinhood Welcomes Susan Segal as a New Board Member

Susan Segal has been appointed to the Board of Directors of Robinhood (NASDAQ: HOOD), effective dated March 21, 2024. Segal’s appointment is strategic as it aligns her expertise with Robinhood’s critical operations. Segal’s participation on key committees such as nominating and corporate governance committees strengthens the company’s governance framework.

Navro, an established London-based payments company, has appointed Colin Moss Davies as Chief Sales Officer (CRO). Moss Davies brings his fintech expertise to this role. Moss-Davies has a 25-year track record and played a key role in Braintree Payments’ EMEA expansion following its acquisition of PayPal. Aran Brown is CEO of Navro and emphasizes that Moss-Davies’ appointment is part of Navro’s commitment to hiring top talent to drive its payments curation platform.

Michael Hewson has said goodbye to CMC Markets after an impressive 15 year career. Hewson looks back on his 15 years in office and recalls key market events such as the global financial crisis, the UK and US election results, and key corporate stories. Hewson was responsible for shaping CMC Markets’ daily analysis, educational content and technical insights. Hewson’s departure coincides with CMC Markets’ 17% headcount reduction aimed at achieving greater cost efficiency.

Beeks, a financial technology infrastructure provider, is pleased to welcome Zech Kottilil as its new Pre-Sales Technical Specialist. Kottilil has more than 15 years of experience working for industry giants such as Nasdaq, Amazon Web Services and AWS. He brings his expertise and knowledge to the Beeks team. In his new role, Kottilil will serve as a critical link between Beeks’ technical teams and customers. He will leverage his knowledge of the financial industry’s technological needs to streamline sales and improve customer service.

N26 has appointed Mayur Kamat as Chief Product Officer (CPO) to respond to increasing demand for innovative banking products. Previously, he was SVP at Binance and Global Head Product. With his extensive experience at global tech giants such as Google and Microsoft, as well as his recent leadership position in cryptocurrency regulation at Binance, Kamat is positioned to lead N26’s strategy. Kamat’s focus is on user experience and technological innovations. Its goal is to improve N26’s lending, spending, investing and shared banking offerings.

New Global Sales Manager at DHF Capital

Philippe Schneider has joined DHF Capital as the new Global Director of Sales. With over 20 years of experience in business development and sales, Schneider brings valuable expertise to the Luxembourg-based securitization company. His role involves leading sales teams, implementing strategies, and expanding market presence to benefit DHF Capital’s international investment house.

In his new position, Schneider aims to deliver exceptional results and value to DHF Capital’s investors and stakeholders. As the Global Head Sales, he will oversee sales functions, set and implement goals, train teams, maintain customer relationships, and ensure quality and compliance. His appointment reflects DHF Capital’s strategic focus on strengthening its leadership team and leveraging industry experience to enhance sales capabilities and advance strategic initiatives.

Enhancing EMEA Rates Trading with Nomura’s New Appointment

Hemish Shah has been appointed head of EMEA rates trading at Nomura, leveraging his extensive experience gained at Deutsche Bank. Shah’s primary role is to drive growth and development by working closely with clients to improve liquidity and develop trading strategies. The company’s recent expansion of lending offerings to institutional clients in the Americas signals a broader strategy.

Nomura’s performance improved significantly in the third quarter of fiscal 2024, with a notable increase in net sales and profit before taxes. Despite a decline in annual pre-tax profit, the company’s diverse revenue streams and strong performance in retail trading strengthened its strategic position in the financial world. The company’s resilience and forecasted profit increase align with its strategic growth initiatives.

IG Group’s Internal Promotions to Key Leadership Positions

IG Group has promoted internal candidates to key leadership positions, appointing Jody Dunn Chief Operating Officer (COO) and Sarah Gore Langton Chief Risk Officer. Dunn, who has been with IG for over 20 years, and Langton, who joined in 2015, bring a wealth of experience in their respective roles. These appointments reflect IG’s commitment to recognizing and promoting internal talent and gender diversity in leadership roles.

Following recent departures, including the resignation of Jon Noble as COO and Charlie Rozes as CFO, IG Group continues to be a top retail FX and contracts for difference broker. The company reported steady revenue growth in fiscal year 2024 despite workforce reductions and leadership changes. With a new leadership team, IG Group continues to provide high-quality financial services.

Bilski Resigns from NAGA Group

Ben Bilski, the founder of NAGA Group, has announced his resignation from the company, just three months after it was acquired by Capex.com. Bilski did not provide specific reasons for his departure but mentioned his commitment to starting a new company. His departure marks the end of an era for NAGA, which continues to grow under the new leadership of Capex.com’s CEO.