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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… LeapRate has learned that Jeff Scott, until recently the COO of Gain Capital Holdings Inc (NYSE:GCAP), has left the company. Mr. Scott has resigned his relatively new position as CEO of Gain’s recently-launched ForeignExchange.com money transfer business.
Jeff Scott had been COO of Gain Capital, and the #2 executive to co-founder and longtime Gain Capital CEO Glenn Stevens, for more than five years before being reassigned just last month to run ForeignExchange.com. Gain Capital had announced plans to launch an international money transfer business back in February. However a series of delays prolonged the launch of Gain Capital Payments at website ForeignExchange.com until just a few weeks ago.
Jeff Scott apparently informed the company that he is resigning to pursue an opportunity at another firm. His last day with the company will be December 9, 2016.
The company hasn’t officially named a replacement for Mr. Scott at the helm of ForeignExchange.com. However we understand that in the interim the just-launched business will be overseen by Gain Capital Payments COO Emmanuelle Johaadien. Ms. Johaadien joined Gain Capital Payments in London (the company is initially just launching in the UK market) in September from mobile financial services company Momo Group Limited.