Simon Cox named CEO of forex platform provider Ariel Communications

Ariel also adds former former E*TRADE UK CEO Julian Costley to its board.

Spread betting, forex, and CFDs platform provider Ariel Communications went through some turmoil earlier this year, with the resignation of its longtime CEO Angus Clacher. Well it seems as if the company has come roaring back, in both strengthening its management team and adding a key person in the UK online trading world to its board.

In an announcement made toady Ariel named Simon Cox as its new CEO. Cox has been with Ariel since 2007, and had most recently been the company’s COO. Phil Martin, Head of Product, will assume Cox’s former role as COO.

And joining the Ariel board is Julian Costley, founding CEO of E*Trade UK. Costley has continued to be involved in the online trading business, currently sitting on the board of UK spreadbetting company SpreadCo.

Ariel has been making a big push lately in the Asia Pacific region. As we reported in May, Ariel entered into a distribution agreement with Singapore-based financial IT specialist IFIS covering Asia.

For the complete Ariel Communications press release click here (pdf).

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.


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