Paganini Brings 20 Years of FX Experience to ActivTrades' C-Suite

<p>ActivTrades
has officially brought Matteo Paganini on board as its Group Chief Commercial
Officer (CCO), the FX and CFD brokerage announced today (Thursday). Paganini,
an industry veteran with two decades of expertise in currencies, market making,
and risk management, joins ActivTrades after a series of high-profile roles
within the CFD sphere.</p><p>ActivTrades Elevates
Matteo Paganini to Group Chief Commercial Officer</p><p>In his new
role, Paganini is set to spearhead ActivTrades' global strategy and drive the
group's expansion, focusing on revenue growth, sales and <a href="https://www.financemagnates.com/terms/m/marketing/">marketing</a> strategy,
and the exploration of new market opportunities. His oversight will also extend
to the optimization of corporate processes and operations, aiming to deliver
cutting-edge and exceptional services to traders.</p><p>Paganini's
career highlights include leadership positions at Admirals for Europe and
Pepperstone for Italy and Spain, alongside a foundational role in establishing
Salex S.p.A, Italy's first FX broker, and managing FXCM's Italian division and
its market analysis team.</p><p>"His experience, knowledge and talent make him an excellent asset
for the whole Group and his contribution will help ActivTrades to further develop
and grow while always providing a superior service to its clients," Alex
Pusco, the CEO of <a href="https://www.financemagnates.com/tag/activtrades/" target="_blank" rel="follow">ActivTrades</a>, commented.</p><p>Under
Paganini's guidance, ActivTrades plans to introduce new products, including a “New
Investor Profile Account”, offering zero commissions and <a href="https://www.financemagnates.com/terms/s/swaps/">swaps</a> on CFDs on
Stocks and ETFs. These advancements are part of a broader effort to enhance the
trading experience on the proprietary ActivTrader platform.</p><p>The last time
ActivTrade reported on more significant changes in C-Level employment was
towards the end of last year, when it promoted Vikesh Kumar Purohit to Head of
UK and DACH Markets. Purohit received the promotion after spending more than
three years with the brokerage. He joined ActivTrades in October 2019 as a
senior account manager. In addition, he spent about three years with the broker
in a sales-related role between October 2014 and August 2017.</p><p>Financial Leap and
Regulatory Milestones for ActivTrades</p><p>Established
in 2001, ActivTrades has emerged as a popular FX and CFD trading brand,
extending its services to retail and institutional clients.</p><p><a href="https://www.financemagnates.com/forex/activtrades-2022-profit-jumps-380-gains-two-new-licenses/" target="_blank" rel="follow">The
financial year 2022</a> was a landmark for ActivTrades, as the firm saw a
substantial surge in both profits and revenues and expanded its regulatory
footprint. The company's financial statements revealed an impressive profit of
£16.3 million on revenues amounting to £50.2 million, representing a
significant year-on-year growth.</p><p>The revenue
jumped by over 50%, a notable increase from the £33.4 million <a href="https://www.financemagnates.com/thought-leadership/activtrades-posts-2021-revenue-results/" target="_blank" rel="follow">reported in 2021</a>.
The firm also reported a pre-tax profit of £19.3 million, a considerable climb
from the preceding year's £4.1 million. </p><p>Further
bolstering its global presence, ActivTrades secured two additional brokerage
<a href="https://www.financemagnates.com/tag/license/" target="_blank" rel="follow">licenses last year</a>: Brazil and Portugal. </p>

This article was written by Damian Chmiel at www.financemagnates.com.