LeapRate Exclusive… LeapRate has learned that leading Australian Retail FX and CFDs broker Pepperstone has hired Tamas Szabo as its Group Chief Executive Officer.
We expect the company to make a formal announcement shortly.
Tamas Szabo was most recently CEO of the Australia and New Zealand operation, and Head of Asia Pacific, for IG Group Holdings plc (LON:IGG).
Mr. Szabo had been with IG since 1999, joining initially as a trainee in London and moving up the ranks to become Head of Dealing for the UK’s leading online broker, before moving to Australia in 2007 for IG to become Managing Director of its Australia operation. In his role with IG, he has been instrumental in the successful development of retail FX and CFD trading in the APAC region. He will officially start with Pepperstone following the end of his garden leave from IG next Monday, October 23, 2017.
Phil Horner will continue in his current role as CEO Asia-Pacific, and Pepperstone’s founders, Owen Kerr and Joe Davenport, will remain as Directors on the Board of Pepperstone.
Fiona Lock, Managing Director of Pepperstone majority shareholder CHAMP Private Equity and Chairman of Pepperstone said of Tamas’ hiring:
We are delighted to have someone of Tamas’s proven track record and calibre to lead Pepperstone. The business has rapidly grown its clients, products and operations in the last two years, under the current management team, and with the support of the founders. We look forward under Tamas’s leadership, to further growth in existing and new markets and to realise our ambition to be the global leader in retail FX and CFD trading.
Tamas Szabo said:
The opportunity to join Pepperstone and lead its next phase of growth is one that I am extremely excited about. Pepperstone’s impressive performance and success to date reflects its excellent client offering and talented people throughout its operations in Melbourne, Shanghai, London and Dallas. I look forward to working with them and the Board to continue to build a truly global market leading business.
Pepperstone has been actively growing its business globally, since CHAMP made a multi million dollar investment into the company last year. Aside from growing its market share in its home Australia CFD market, Pepperstone acquired FCA regulated FX broker 123FX.com and restarted the business under the Pepperstone brand earlier this year, as was exclusively reported by LeapRate. Most recently, the company launched FX news and education site thefxlounge.com.