FXTG Australia appoints former CMC Markets sales executive Elias Morales as CEO

Following the departure of Stavro D’Amore from his leadership position at Australian FX firm FXTG recently, Elias Morales has joined the firm as CEO.

Mr. Morales joins the Melbourne-based company as the latest in his 16 year career in the electronic trading industry.

The appointment of Mr. Morales as CEO debunks a statement made by the outgoing CEO that Michael Berman was set to assume the leadership position at FXTG following his tenure at broker-neutral technology company FundSeeder where he spent a year as Head of Research, preceeded by 11 years as CEO of boutique hedge fund VT International.

Speaking to LeapRate on his appointment, Mr. Morales explained “I am currently assessing the business operations of the firm and have not formally made a decision as to my role with FXTG. I am currently acting as interim CEO until my review is completed.”

Previously, Mr. Morales was Managing Director of MCM Wealth Management between 2010 and 2012, a position to which he progressed from his FX Sales role at Gain Capital Holdings Inc (NYSE:GCAP)’s GFT division in Sydney, Australia.


Prior to joining GFT, Mr. Morales was a Sales Executive at CMC Markets’ Australian operations for 4 years, a position which followed 2 years at Reuters Financial Software as a Business Development Analyst.

Just over a decade ago, Mr. Morales held a short tenure at BNP Paribas in New York as an OTC Futures Trader, having joined the firm from compatriot company ITG where he traded OTC Futures between March 1999 and September 2002.

Mr. Morales holds a Batchelors degree in Economics from Baruch College, City of New York University.

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