Recently launched prime of prime (PoP) brokerage Stater Global Markets has announced that David Dohmen has been appointed as the company’s Head of Compliance. He will be reporting directly to the CEO of the company, Ramy Soliman.
Dohmen will be responsible for ensuring that the company is fully compliant with its obligations under its UK Financial Conduct Authority (FCA) license. In addition to his core role, he will also be helping the PoP brokerage to grow its business.
“This is a great opportunity for me. I am excited to be joining a professional, early stage organisation where I can utilise my experience and also play a significant role in growing the business,” David Dohmen said.
The foreign exchange PoP business has been growing briskly in recent years, especially in the aftermath of the Swiss National Bank (SNB) crisis that hit foreign exchange operators in January 2015.
Access to credit lines at prime brokers has been limited for companies that do not have a fat balance sheet, which has opened a gap in the market. Stater Global Markets launched in October last year aiming to capitalize on the opportunity.
Dohmen joins the London-headquartered PoP after spending over 17 years of his career in legal and compliance roles in Amsterdam and London. Just before he joined Stater Global Markets, the new Head of Compliance of the company was the Director of Compliance & Operations at prop trading firm Ronin Trading UK/Europe.
Throughout his career, Dohmen also served as the Head of Legal & Compliance at Lehman Brothers (ELQ mortgages division) and Compliance Officer at both Fortis Bank and Rabo Securities in Amsterdam.
Commenting on the news, the CEO of Stater Global Markets, Ramy Soliman, said: “David is extremely knowledgeable about the FCA regulatory framework and brings a wealth of experience from banks, brokerages and prop trading firms across a wide range of products and asset classes. This gives Stater excellent optionality going forward regarding our own product offering.”