ETX Capital’s Former Chief Govt Officer, Arman Tahmassebi, has moved to Flagstone as Chief Working Officer. In response to the corporate’s
data on LinkedIn, Flagstone allows companies to supply their purchasers
saving choices. Based in 2015, Flagstone has greater than 11 billion kilos in
property below administration and permits purchasers to keep up a number of money financial savings
accounts.
In depth Fintech Expertise
Tahmassebi labored for nearly three years at ETX Capital, which rebranded to OvalX, the place he held the function of Chief Working Officer and later Chief Govt Officer. He then proceeded to LendInvest, a UK-based fintech agency, as Chief Working Officer.
Tahmassebi was the Chief Working Officer at
London Capital Group between 2015 and 2016. Moreover, the seasoned
government was the Managing Director for Europe and South Africa and later
International Head of Operations at IG, the place he devoted greater than 14 years.
In 2022, ETX Capital rebranded to OvalX following the mixing of
providers between ETX Capital and its sister fintech, Oval. Philip Adler, the
then CEO of Oval Cash, expressed enthusiasm about this transition,
highlighting the corporate’s imaginative and prescient to redefine itself as a contemporary monetary
providers entity.
The Unraveling of OvalX
OvalX emerged as a robust entity within the monetary providers enviornment, with operations spanning throughout Italy,
the UK, and Cyprus, and a workforce of 180
professionals. Regardless of the rebranding, the core providers from
each platforms stay intact, aligning with the corporate’s dedication to
buyer satisfaction and repair excellence.
In addition to rebranding rebranding, ETX Capital
introduced plans to broaden its international footprint by buying a brand new license from
the South African monetary market regulator. This transfer was aimed toward
positioning OvalX to faucet into the fast-growing African markets.
Nevertheless, OvalX completely shut down its
operations final yr. The agency supplied its purchasers the choice to switch their
accounts to Capital.com to keep up service continuity. Moreover, current
layoffs inside the group hinted at deeper underlying points plaguing the
once-respected brokerage agency.
This text was written by Jared Kirui at www.financemagnates.com.
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