Finalto has announced the appointment of Paul Groves as its new UK B2B CEO, succeeding Matthew Maloney.
Groves has worked for Finalto for 13 years, most recently in the role of Head of European Sales.
Paul Groves commented:
This year we’ll be focusing on expanding the business globally and building long-standing relationships. The fact I have been here for over 13 years shows my belief in the organisation now and going forward. My longevity here will be replicated with our current and future clients. We are not looking for short term relationships, we’re looking for sustainable, consistent partnerships going forward.
Prior to Finalto, Groves started his career at NatWest Bank, before moving into the commodity market for two LME brokers – Brandeis and Gerald Metals, where gained his first experience in FX trading desks. He further built his career into foreign exchange and bullion trading with companies like Linnco Europe, ADM Investor Services, ODL Securities and Sucden Financial
In early 2010, Groves moved to sales and started at CFH Clearing, where he later reached the role of Head of European Sales, which he stayed in when the company became part of Finalto in 2019.
Matthew Maloney, Group CEO of Finalto, said:
We’re happy to welcome Paul Groves to the role of UK B2B CEO. He has been an invaluable part of Finalto for many years and is uniquely placed to take Finalto B2B forward in the right direction.
Groves added:
We’re going to continue to expand our New York and Singapore data centres over the coming months. But as well as that we have a broad range of licenses around the world that we want to better utilise to cement our position as a truly global provider, from the Far East to South America, London to the Middle East and Africa.
Chauncey Boreham, who has been with Finalto for over six years, most recently as Vice President of Global Institutional FX and CFD Sale, replace Groves in his previous role as Senior Sales Director.
In the beginning of the year, Finalto hired Cal Portway as the Vice President of Institutional Sales based in Sydney, Australia and appointed Klelia Orphanidou B2B Head of Regulatory Compliance.
