Spread Betting and CFD broker ETX Capital has just announced the resignation of its CEO Arman Tahmassebi. Mr Tahmassebi had been with ETX for 3 years, joining as COO in 2016 after 1 year as COO at London Capital Group. He left LCG in January 2016. Prior to LCG, Tahmassebi was 14 years at IG Group. Under Mr Tahmassebi’s leadership, ETX has delivered excellent performance through 2018 and he leaves the company in a very strong position heading in to 2019.
Co-CEOs Philip Adler, who was hired at ETX in 2018 as COO, will be replacing Tahmassebi and John Wilson, who will take on day-to-day management responsibility switching from Non-Executive Chairman. The appointment of co-CEOs has been made with immediate effect.
Philip Adler brings a wealth of retail and institutional experience to ETX having held senior positions in the CFD sector over the last 20 years at GNI, MF Global, IG and more recently at ED&F MAN Capital Markets.
John Wilson has been involved with ETX Capital since 2010 and more broadly in Equity and Fixed Income markets over the previous 30 years having held senior positions at UBS and Lehman Brothers. Mr Wilson is currently Non-Executive Chairman and will take up the role of co-CEO alongside Mr Adler.
John Wilson of ETX Capital said:
The Board wishes to thank Arman for his hard work and dedication as both COO and, over the last year, as CEO. He has made a significant and positive contribution to the company and we wish him well in his future endeavours.