News Nuggets | 11 July: Spotware Appoints New CEO; XS.com Welcomes Marketing Manager

<p>Spotware Systems Presents
New CEO</p><p><a href="https://www.financemagnates.com/tag/spotware-systems/" target="_blank" rel="follow">Spotware
Systems</a> has announced that Ilia Iarovitcyn has been named the company's new
CEO. Iarovitcyn joined the team more than six years ago as a Business Analyst.
Prior to that, he worked for MFX Broker, initially as a Technical Specialist
and Dealer and later as the Head of the Technical Development Department and
Chief Dealer. </p><p>His
adventure in financial markets began at Grand Capital Ltd., where he was the
Financial Advisor.</p><p>"I
bring to the table over a decade of experience in Financial Technology. My
track record includes more than 20 successful launches of diverse products and
projects, which span the establishment of new trading platforms and information
services," Iarovitcyn wrote on his LinkedIn profile.</p><p>XS.com Welcomes New
Marketing Manager</p><p><a href="https://www.financemagnates.com/tag/xscom/" target="_blank" rel="follow">XS.com</a> informed
today (Tuesday), it onboarded a new Marketing Manager for South Africa,
Mabyanine Phiri. </p><p>"We
are proud to be able to call you a member of the XS team," the company
commented in the social media post.</p><p>In the
past, Phiri worked for many forex and retail trading companies, starting his
career in 2013. The list of companies he has worked with includes IB Central,
FX Dream Team, Forbes Forex and Broker Solutions.</p><p>Monex Europe Enriches Team
with Senior Hires</p><p><a href="https://www.financemagnates.com/tag/monex/" target="_blank" rel="follow">Monex
Europe</a>, a prominent corporate FX and hedging provider, has boosted its team by
hiring two senior professionals. Michael Huggett, a veteran in financial
markets, joins as the Senior Options Trader. Previously, he was the Director of
UK Corporate Sales at HSBC Global Markets. </p><p>Chris
Weeks, known for managing advanced hedging strategies, takes the Head of
Options Sales position, moving from FX payments and risk management provider
Convera.</p><p>SFC Bans RaffAello Officer</p><p>The
Securities and Futures Commission (<a href="https://www.financemagnates.com/tag/sfc/" target="_blank" rel="follow">SFC</a>) has banned Tsang Kwong Fai, the former
responsible officer and sponsor principal of RaffAello Capital Limited, from
re-entering the industry for two years. </p><p>The ban
comes after Tsang was found to have failed to execute his duties while
supervising a listing application between 2017-2018. The SFC decision considers
both the severity of Tsang's failures and his previously clean disciplinary
record.</p><p>FMA Warns against Grampoint
</p><p>Grampoint,
falsely operating as a New Zealand company, has been flagged by the Financial Market Authority (<a href="https://www.financemagnates.com/tag/fma/" target="_blank" rel="follow">FMA</a>) for using the
details of another legitimate firm without consent. Despite claiming to offer
financial services from New Zealand, Grampoint is not registered to do so. </p><p>Further,
reports indicate that the entity is unjustifiably withholding funds, suggesting
caution in dealing with the company.</p><p>Microsoft Announces
Additional Job Cuts</p><p>Microsoft
is cutting more jobs following the downsizing earlier in January, which
resulted in 10,000 layoffs. The reduction comes at the start of the company's
2024 fiscal year. It follows a trend among other large technology companies,
including Amazon and Google, which have scaled back after rapid expansion
during the Covid-19 pandemic.</p><p>Previously,
significant job cuts were announced by <a href="https://www.financemagnates.com/forex/robinhood-trims-workforce-again-as-retail-investor-activity-wanes/" target="_blank" rel="follow">Robinhood</a>, UBS, and Freetrade.</p><p>Bitstamp and Qi Digital Enable Crypto Payments for Banks
</p><p><a href="https://www.financemagnates.com/tag/bitstamp/" target="_blank" rel="follow">Bitstamp </a>and London-based crypto commerce company Qi Digital have announced a new collaboration. The partnership will allow businesses, banks, and payment providers to accept cryptocurrency payments in a regular manner.</p><p>“As crypto continues to evolve and we get closer to our goal of mainstream adoption, this partnership with Qi Digital signals the next step in helping mainstream audiences confidently approach digital assets, by providing seamless crypto transactions for businesses and their customers," Jean-Baptiste Graftieaux, the Global CEO of Bitstamp, commented.</p><p>Wells Fargo Promotes Native American Banking Leader</p><p><a href="https://www.financemagnates.com/tag/wells-fargo/" target="_blank" rel="follow">Wells Fargo</a>
has promoted Dawson Her Many Horses, the head of Native American Banking, to
managing director. Her Many Horses, an enrolled tribal member, is one of the
first to attain this rank at a major US bank. </p><p>Wells
Fargo, holding banking relationships with one-third of federally recognized
tribes in the US, announced this promotion yesterday (Monday).</p>

This article was written by Finance Magnates Staff at www.financemagnates.com.