LeapRate Exclusive… Australian retail forex broker AxiTrader has taken an interesting step in becoming more of a global broker, while beefing up its FCA-regulated UK operation.
LeapRate has learned that AxiTrader has hired industry veteran Paul Kiff to its London team as the new Global Head of Trading. That function will operate our of London, instead of Australia, for the first time at AxiTrader.
The company, which began in Australia nearly a decade ago and has long had a major presence in the UK, has been growing rapidly in recent years, launching significant operations in key regions around the world and expanding its product portfolio.
Paul Kiff spent the last three-plus years a head of trading at rival broker GKFX. He held a similar position at Alpari UK from 2009-2013. Mr. Kiff began his finance career in derivatives trading at Merrill Lynch, Dean Witter, and Man Financial. He traded over events that impacted market volatility greatly such as Black Monday and the Stock market crash of 1987, the fall of the Berlin Wall in 1989 and Black Wednesday when the UK left the ERM in 1992.
On the appointment, AxiTrader CEO Rajesh Yohannan said:
There are a lot of critical aspects of running a modern broker, from the technology requirements to the service clients get, but trading and risk management is very much still at the heart of what we do. That’s why having Paul join us to lead our trading team is such great news for the company.
He has a deep understanding of the industry which will naturally benefit our day to day operations, but his knowledge and mentorship will also help our younger traders develop their understanding of the industry and ensure AxiTrader becomes an even stronger business.
Paul Kiff isn’t the company’s first senior UK hire from GKFX. We recently reported that AxiTrader hired Paul Hare in the UK from GKFX as Compliance Manager.