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Abstract:Executive moves that dominated the week's news.
Now halfway through the month of November, we are witnessing the effects upon the crypto industry from the collapse of FTX. However, the hiring in the forex, crypto and fintech industry still continues nonetheless. Lets review the executives that have taken on new roles and challenges in our executive moves roundup of the week.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.
Visa (NYSE: V) has named Ryan McInerney as the new Chief Executive Officer, replacing Alfred Kelly, effective from 1 February 2023. Kelly, now also the company's Chairman, will become the Executive Chairman of Visa.
The appointment for the apex management role came with an internal promotion as McInerney will be elevated from his current position of President. He joined Visa in 2013 and is responsible for overseeing its financial institutions, acquirers, merchants and partners.
Damian McDowell has stepped down from the role of Chief Executive Officer at Union Standard International Group Limited (previously known as USGFX).
According to a Companies House filing, McDowells appointment as a Director of the United Kingdom-based company ended on Wednesday. It means he will no longer remain in the apex management role of the company.
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The Kuala Lumpur High Court has ruled that a Singaporean businessman, Chan Cheh Shin, must return RM28 million to 122 Malaysian investors after the court determined that his investment operations were conducted illegally.
A 53-year-old factory manager from Malaysia has fallen victim to an online investment scam, losing over RM900,000 of her savings. This case underscores the growing threat of online scams preying on unsuspecting individuals.
Four men in Tokyo were arrested for running an unregistered FX trading operation, collecting over ¥1.6 billion from 1,500 investors.
Doo Financial, part of Doo Group, receives a CySEC license, allowing FX/CFD services in Europe. This strengthens its global presence and regulatory standards.