ActivTrades has just announced a new high-profile hire for the company. The retail brokerage onboarded none other but the former Managing Director of the German subsidiary of IG Group, Brokerhouse IG, Michael Lippa.
He will be taking on the Chief Commercial Officer position, complimenting the management structure of ActivTrades. During his career at IG, Lippa was instrumental for the development of the broker’s business in Germany, The Netherlands, and the Nordic region.
Earlier this year, ActivTrades announced the launch of its new trading platform called ActivTrader. The firm’s web-based platform is one of the company’s biggest investments to date. The development of the software took several years and underpins the company at a critical time of offerings differentiation for retail brokers.
European Expansion
Michael Lippa will be responsible for expanding the operations of ActivTrades in Europe and will be reporting directly to the founder and CEO of the company, Alex Pusco.
Commenting on his appointment, the new Chief Commercial Officer of ActivTrades, stated: “I look forward to supporting ActivTrades with its ambitions. Brexit, the increasingly uncertain market environment and the growing number of regulatory hurdles in Europe constitute big challenges but also tremendous chances for the entire CFDs industry.”
He proceeded to share that despite the recent regulatory changes the company remains strongly committed to continue growing its business in Europe. “Our goal is not only to master these challenges but to also become market leaders in the European CFDs business. We are doing this by directly increasing our activity in Germany, France, Italy and Spain.“
Elaborating on the latest high-level hire for ActivTrades, the founder and CEO of the company Pusco commented: “I am pleased to have one of the most knowledgable industry insiders joining our team. He knows the brokerage business in depth and will be able to drive our ambitious growth plans in the European market.”
Pusco shared that the company is strongly committed to the European market and plans to become more active in the region. He also shared that the broker is preparing a new set of developments that will boost its efforts to take the lead in the European market.
(Photo: pxfuel)
