LeapRate Exclusive… LeapRate has learned from industry sources that there have been a number of (additional) changes on the board of directors of Monecor (London) Limited, which operates FCA regulated online trading brokerage ETX Capital.
Two of the company’s non-executive directors, Mark Preston and Claire Hafner, have resigned. Mark Preston is the former Chairman and CEO of ETX rival City Index, leaving the company after City Index was acquired by US rival Gain Capital Holdings Inc (NYSE:GCAP), parent of Forex.com. He joined the ETX board last March, as was exclusively reported by LeapRate.
Claire Hafner is the CFO of Fintrax International, a leading VAT refund company. At the time she joined the ETX board last year she was CFO of payments provider Vocalink.
The resignations of Mr. Preston and Ms. Hefner follow the departure of another ETX outside director earlier this year, iProov founder Andrew Bud.
While no new replacements for Mr. Preston and Ms. Hafner have yet to be named, the company’s Executive Chairman (since 2010) John Wilson has moved from an Executive Director position to a Non-Executive Director role. This shouldn’t affect ETX Capital’s day-to-day management, which has been overseen since 2009 by CEO Andrew Edwards.
A company official indicated to LeapRate that an additional independent Non-Executive Director will be appointed shorty.