Leverate, the premier technology solutions provider for the Forex brokerage industry, announced that co-founder and former VP of Products Itai Damti has assumed the new role of Managing Director – Asia Pacific. This change is a natural progression reflecting the company’s plans to increase market share in Asia, based on the high rate of growth for FX trading in the region.
After opening an office in Hong Kong in 2013 to better serve local brokers, the company now feels the time is right to capitalize on this foothold by sending a veteran team member with detailed knowledge of the company’s entire picture, including strategy, operations, products, and technical capabilities.
“Thanks to the experience I gained in my previous position, I see an excellent fit between the demands of Chinese FX brokers and our range of products,” said Itai Damti. “While conquering this market will require a lot of hard work and trust building, I am committed to providing our clients throughout Asia with the highest level of service in every respect, from training and support to IT infrastructure.”
As Managing Director Asia-Pacific, Damti will be in charge of day-to-day activities for the entire region, including oversight of marketing, sales, account management, and business development, with a specific focus on China. Leverate’s Chinese clients and partners can expect to benefit directly from this move, thanks to his experience in leading growth and product strategy, which will help the company to better determine and address the precise needs of the Asian Forex brokerage.
“I am proud of the excellence of the entire Leverate team, and I am especially excited about the level of talent in our Hong Kong office,” continued Itai Damti. “We plan to keep building our operations in Asia Pacific in terms of staffing, and we look forward to establishing a strong competitive presence and increasing our local client base. We foresee a significant positive impact on our relationships with our brokers in Asia going forward as we’ve shown our willingness to invest heavily in the area.
…Finally, I would like to thank Arthur Le, the out-going Managing Director for his hard work in establishing Leverate’s footprint in the region. In just under two years, Leverate has progressed from being virtually unknown in the region to Asia now becoming the company’s most important geographic market. ”
Offering customized regional support for clients around the world is just one of the steps Leverate has taken to make running a Forex brokerage easy. Leverate has also created LXSuite, a turn-key complete package of private label brokerage solutions, which contains all of the technology needed to run a Forex company. More information on LXSuite may be found here.