FNG Unique… One other (former) OvalX govt has discovered a brand new residence within the trade, following the closure of the London primarily based dealer previously often known as ETX Capital earlier this yr.
FNG has realized that OvalX’s longtime Head Of On-line and Institutional Providers, Michael Baker, has joined Capital.com as Head of UK Premium Shoppers. We’d remind FNG readers that Capital.com acquired OvalX’s shopper base after the choice was made to shutter OvalX, as was additionally reported solely on the time by FNG.
Michael Baker joined OvalX (then often known as ETX Capital) in 2016 as a Gross sales Dealer, and as named Head of Relationship Administration in 2020 after which Head of On-line and Institutional Providers in 2021. He beforehand labored at Pip Index Capital Markets, Panima Capital, and Divento Financials.
London primarily based Capital.com has been on a year-long-plus hiring spree, after bringing on board as CEO former IG Group CEO Peter Hetherington in mid 2022. The corporate operates a number of licensed subsidiaries within the UK, Australia, and Cyprus. Capital.com, and its sister model Foreign money.com are managed by Viktor Prokopenya, a Belarusian lawyer and laptop scientist residing in London.