LeapRate Exclusive… LeapRate has learned that FXCM Group has made some senior management changes, as the company continues to shift its operating focus to London, under FXCM CEO Brendan Callan.
The primary change involves the promotion of longtime FXCM US employee Juan Cafe to the #2 position in the company. Mr. Cafe will be COO under Mr. Callan, as well as become a director of the company’s FCA regulated entity in the UK, Forex Capital Markets Limited.
Juan Cafe has been with FXCM for more than a dozen years, acting primarily as the company’s senior operations executive, overseeing operations for more than 13 offices around the world, with his team servicing over 250,000 clients. He had moved to London from the US in 2015. Mr. Cafe also teamed with former FXCM colleague and longtime institutional FX head Michael Brescia in cofounding wRipple, an app for on-demand socially driven deals and discounts, allowing consumers to share deals from high-end merchants on social media.
An FXCM spokesperson commented to LeapRate on the matter:
Juan has been with FXCM since 2004 and is a valued employee. He has been part of the FXCM Management team for many years and has been integral in the continued growth of FXCM.