LeapRate Exclusive… LeapRate has learned that Forex platform and brokerage firm XTB has hired Joshua Raymond to act as head of its retail brokerage arm XTB Online Trading in the UK.
Raymond will report directly to XTB CEO Jacob Zablocki, who will continue to oversee both the retail (XTB) and institutional (X Open Hub) sides of the business.
Raymond joins XTB after spending nearly a decade at City Index. He first became one of the better known figures at City Index as a leading research analyst and market strategist, frequently appearing and giving his views on TV and in print media.
However in the past four-plus years Raymond stepped back from the spotlight, and from writing research, becoming City Index’s Marketing Director. His roles included global responsibility at City Index for marketing strategy, digital marketing, content, social media, education, as well as PR and communications across all City Index group brands including City Index, Finspreads, FX Solutions, and IFX.
Mr. Raymond’s LinkedIn profile still has him at City Index, but we believe that will be updated shortly.
We believe that XTB is planning a large marketing push beginning later this year and early next, for both its X Open Hub platform business as well as its retail forex brokerage operation XTB Online Trading, which Mr. Raymond will now lead. The company recently moved to new headquarters in London’s Canary Wharf.
City Index was of course acquired by US-based Gain Capital Holdings Inc (NYSE:GCAP), whose brands include Forex.com and GTX. Since the acquisition some former City Index executives have moved up the ladder at Gain Capital, such as Nigel Rose who was recently named Gain’s CFO. Others including Ashraf Laidi – who succeeded Joshua Raymond as City Index’s top research analyst – as well as the aforementioned Mr. Raymond have moved on to new challenges.