Equiti Shakes Up C-Suite, Names New CTO, CFO And Risk Chief
Equiti Group has promoted three executives to senior leadership positions as the multi-asset broker looks to expand its global operations and technology capabilities.
The company elevated Sartaj Singh to Chief Technology Officer (CTO) after he spent more than a year leading the firm's technology division. Singh joined Equiti in December 2023 as global head of technology, where he oversaw what the company describes as a major overhaul of its trading platforms and infrastructure systems.
Equiti Group Names Three New C-Suite Executives
In his new role, Singh will focus on integrating artificial intelligence and automation across Equiti's operations, from client onboarding to trade execution. The company says these upgrades are part of its push to compete with larger rivals in the crowded online brokerage space.
Rick Fulton moves into the newly created position of Chief Risk and Audit Officer. Fulton has been building out Equiti's risk management capabilities over the past two years, working to strengthen the firm's oversight of market, credit and operational risks. His promotion comes as financial regulators worldwide have increased scrutiny of retail trading platforms following several high-profile market disruptions.
The third appointment sees Sean Hong take over as Chief Financial Officer. Hong joined Equiti in August 2023 and has been restructuring the company's finance operations. The firm says Hong's team now provides more detailed analysis to support business decisions and has improved cost controls across different divisions.Iskandar Najjar, Co-Founder and CEO at Equiti Group
“Innovation is at the core of everything we do at Equiti,” said Equiti Group CEO Iskandar Najjar. “As we expand our footprint in global markets, these appointments ensure we remain agile, tech-driven, and client-focused.”
Related: Equiti Group Appoints Navin Dsouza as Chief Operating Officer for Digital Assets and Gold
Dynamic Changes in Personnel
The appointments take effect immediately, with all three executives reporting directly to the CEO. The company did not disclose compensation details or whether it conducted external searches for any of the positions.
The latest moves come after Yassin Mismar, SVP of Sales at Equiti Group, decided to join the prop firm FundingPips following nearly two decades in the FX industry. Just weeks before Mismar’s move, Zoltan Nemeth joined FunderPro, another prop trading firm, as Head of Business Development. Prior to that, Nemeth served as Head of Growth at ZuluTrade.
A few months earlier, FxPro’s COO, Yiannos Xenophontos, took on the role of Group Head of Trading at Equiti’s Dubai offices. Last year, Karen Tatyan joined the company as the new Head of Database.
Equiti operates across Africa, Asia, Europe and the Middle East with licenses in the UK, UAE and Cyprus. The company serves retail traders, professional investors and institutional clients through its trading platforms and payment systems.
The company competes with established players like IG Group and Plus500 in the retail trading market, while also offering services to institutional clients. The company has been expanding its presence in emerging markets where regulatory frameworks for online trading are still developing.