BDSwiss Poaches FXPrimus Exec Natale Mastoroudes to Fill HR Roles

On January 4, Cyprus based Retail FX and CFDs broker BDSwiss announced the appointment of an Executive from FXPrimus, Natale Mastoroudes as the companys new Head of HR. Mastoroudes will assist in handling HR-related vision and strategy for the brokerage company.

Mastoroudes brings more than 15 years of experience working across the financial services technology and fintech sectors. She joins BDSwiss from the rival Cyprus based broker FXPRIMUS, where she was the global Head of HR at the investment broker headquartered in Cyprus. Before joining FXPrimus, Mastoroudes worked at Q8 Trade, a forex broker based in the Middle East. Besides that, she executed HR functions at Amdocs, handling some of the largest growth projects for the firm. Also, she worked at PwC Cyprus.

Mastoroudes announced on social media about her new work assignment: “The new year always brings with it #newbeginnings and #newopportunities. And, for me at least, #2022 has started with a bang! I‘m incredibly honoured and #excited to be joining #BDSwiss as its new Head of #HR. Not only is BDSwiss an #established player in the global #fintech scene, but it is also a company bursting with #potential to go even further and #achieve even more! It helps that everyone I’ve met so far has been lovely,” she stated.

The move marks BDSwiss' latest effort by poaching senior hires from a rival FX broker, FXPrimus. Last year, BDSwiss hired Daniel Takieddine, the Head of the FXPrimus Dubai office, as its Senior Executive Officer in Dubai, and CEO of BDSwiss MENA.

Why Derivatives Trading Is Surging

The announcement by BDSwiss comes at a time when brokers are working hard to make their firms the best trading platforms and secure a greater customer base. CFDs and binary options have become popular trading instruments that allow customers to speculate on price movements of financial assets, like commodities, stocks and shares, forex, oil, gold and even cryptocurrencies without having to own the underlying asset. Such instruments have increased their appeal while major brokerage firms are profiting from this, reporting growth and profits from an upsurge in demand.

However, legal actions, customer complaints and intervention by regulators indicate the controversial nature of CFDs and binary options. There have been a number of actions against companies offering these trading services. For example, in August last year, the UK Financial Conduct Authority (FCA) suspended BDSwiss and other members of the BDSwiss Group from providing CFDs to UK investors. Other regulators across the world like ASIC in Australia, CySec in Cyprus, and the CFTC and SEC in the US have closed down firms or fined them for the way in which they scammed customers.