Nigel Rose, known in the retail trading industry for leading GAIN Capital, has joined the board of Exinity’s UK unit as a non-executive director. It is the only UK-based financial services company of which Rose is currently a part, according to the Financial Conduct Authority (FCA) registry.
A Seasoned Industry Veteran
StoneX owns GAIN Capital, which operates two popular forex and contracts for differences (CFDs) brokerage brands: Forex.com and City Index. Exinity is the umbrella brand that operates FXTM and Alpari and competes directly with GAIN Capital.
Finance Magnates reached out to Rose to confirm if he remains associated with GAIN Capital and StoneX.
Rose’s LinkedIn profile indicates that he is currently the Divisional Chief Financial Officer at StoneX, a position he has held since August 2020.
He joined City Index in 2010 as Chief Financial Officer when the broker was not yet part of GAIN Capital. After GAIN, which then only operated Forex.com and was a publicly traded firm, acquired City Index in 2014, Rose moved to the new parent company and became its Chief Executive Officer. He became part of StoneX when the US-based giant acquired GAIN Capital in 2020 for $236 million.
Rose is a financial industry veteran with approximately 35 years of experience. Alongside his experience running brokerages, he began his career at a television company before moving to ICAP (now TP ICAP) as a Group Financial Analyst.
Andrey Dashin’s Retail Trading Empire
Exinity’s UK unit currently operates the Forextime (FXTM) brand, which is also run by other offshore licensed entities. Other entities within Andrey Dashin’s business empire operate brands such as Alpari and two newly launched platforms, Nemo and Pulse.
Interestingly, the Cyprus unit of Exinity, which also ran FXTM, ceased operations at the end of 2023 and renounced its licence. Meanwhile, the Exinity Group has expanded beyond retail trading by entering the institutional business with liquidity solutions.
Last year, Exinity onboarded Punit Ghumra as its new Group Chief Financial Officer, a role based in Dubai.
This article was written by Arnab Shome at www.financemagnates.com.
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