LeapRate Unique… LeapRate has discovered that Australia primarily based Retail FX dealer Pepperstone has continued to construct its presence in Europe, hiring Torsten Gellert because it new Managing Director of Pepperstone Germany.

Pepperstone UKAs we completely reported two weeks in the past, Pepperstone recently re-opened its FCA regulated UK-based operation, Pepperstone Restricted. It then requested that each one EEA-based purchasers of the corporate transfer their accounts to the UK branch, in line with EU laws.

Along with including Mr. Gellert, which can make Germany a key focus marketplace for Pepperstone UK, the corporate not too long ago added Zack Ioannou from GCM Prime to move UK Compliance. Each Mr. Gellert and Mr. Ioannou will report back to Iain Rogers, former CEO of Admiral Markets UK, who has been introduced in as Managing Director the UK primarily based operation for Pepperstone.

Torsten Gellert joins Pepperstone from Australian rival AxiTrader, the place he held the same place. Mr. Gellert had additionally beforehand been the “Germany man” for CMC Markets Plc (LON:CMCX), and at FXCM. He’ll proceed to be primarily based in Berlin for Pepperstone.

We’d additionally word that that is the second senior stage govt departure we’ve reported on over the previous two days involving AxiTrader. As was additionally completely reported at LeapRate, AxiTrader’s long-time Managing Director Alex Mackinnon left the corporate final month, and will likely be becoming a member of FX know-how and white label options supplier CFH Systems.