Global FX and CFDs broker, CPT International has onboarded Filippo De Rosa, who has extensive working experience in the trading industry, as the new Chief Executive Officer, Finance Magnates has learned.
De Rosa was most recently heading the global sales efforts for SquaredFinancial and brings almost two decades of experience to his new role.
Speaking to Finance Magnates, he said: “Over the past few months, I had the chance to get to know the partners of [CPT International], their overall vision, and their take on the global online trading industry which made joining the team, one of the easiest decisions of my career.”
Earlier, he was the Middle Eastern region CEO of AxiTrader for nearly four years and headed sales at IG while based in Dubai. In addition, he headed the Abu Dhabi office of Saxo Markets for a year and had worked at E*TRADE Financial and Moody’s Analytics as well.
Expansion is Important
His appointment at CPT came at a crucial time when the broker is pushing for global expansion. “It is key to be dynamic and able to understand the continuous changes in our industry,” De Rosa said.
“Putting together an incredibly accomplished team, continuously developing our resources and localizing our offering across various markets are the keys to our global success.”
Moreover, he elaborated that the broker is in a continuous process of recruiting ‘talented and highly driven individuals’ as it is expanding into new geographies. Additionally, the widespread impact of the pandemic has prompted it to ‘adapt and react promptly to continuous changes’.
The brokerage industry has become very competitive in the past few years as the major industry brands are aggressively trying to tap new markets. Addressing the growing competition in the business, the CPT CEO said he will focus on building a ‘new trading experience…creating something different, accessible and extremely user-friendly’.
“Our Introducing Broker (IB) Rewards Program is a great example as was designed to truly recognize our partners ’efforts instead of just focusing on financial gains,” he added.
“Our industry is very dynamic, which makes it practically impossible to predict what will happen in the upcoming few years,” De Rosa said on the future of the brokerage industry. “Personally, I would welcome a more uniform regulatory environment striking a balance between leverage, trading conditions and client protection.”
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