Sova Capital’s Clifford-Newman Joins StoneX as SVP, Prime Providers Gross sales

by Jeremy

StoneX Group has
appointed Gary Clifford-Newman, the previous Director of Prime Providers Gross sales at
Sova Capital, as its Senior Vice President (SVP) of Prime Providers Gross sales.
Clifford-Newman introduced his appointment on the monetary providers firm on
Monday on LinkedIn.

The chief, who
brings over a decade to the brand new position, labored for UK-based wholesale dealer Sova
Capital for over 4 years and a half. He served as the corporate’s Vice
President (VP) of Prime Providers Gross sales between 2018 and 2021. He was appointed
the Director of Prime Providers Gross sales in 2021— a place Clifford-Newman held till this new appointment at StoneX Group.

Earlier than becoming a member of Sova
Captial, Clifford-Newmann additionally served because the Vice President of Prime Providers
Gross sales at Linear Investments. He additionally doubled because the VP of Relationship
Managment on the firm the place he labored for over three years between July 2015
and August 2018. Moreover, he held
Associates roles at two corporations between July 2009 and June 2015. Whereas he was
a Enterprise and Relationship Administration Affiliate at KCG Holdings, he labored as a International Fund Providers Relationship Administration Affiliate at Northern Belief Company.

StoneX Current Hires

In latest months,
subsidiaries of StoneX Group, whose providers reduce throughout industrial hedging,
world funds, securities, bodily commodities, overseas trade and
clearing and execution providers (CES), have made some hires and promotions.

Final month StoneX
Digital, the digital asset unit of StoneX, and StoneX International Funds, the
firm’s unit that focuses on cross-border funds to creating
international locations, employed Matthew Ardizzone because the Managing
Director of Digital Asset and SWIFT’s Edward Phelps as its Head of Gross sales
Technique, respectively.

In the meantime, StoneX
Group, which owns Foreign exchange.com and Metropolis Index, just lately reported a
uninteresting first quarter 2023 for its foreign exchange and CFDs enterprise as income declined by 32% year-over-year to $48.8 million.
Nonetheless, institutional FX contracts income on StoneX surged by 74% to $9.2
million, with a 24% improve in FX common every day quantity.

In a unique
improvement, the Nationwide Futures Affiliation just lately hit StoneX Markets, one other subsidiary
of StoneX Group, with a wonderful of $1 million for a number of adjustments of compliance
violations.

StoneX Group has
appointed Gary Clifford-Newman, the previous Director of Prime Providers Gross sales at
Sova Capital, as its Senior Vice President (SVP) of Prime Providers Gross sales.
Clifford-Newman introduced his appointment on the monetary providers firm on
Monday on LinkedIn.

The chief, who
brings over a decade to the brand new position, labored for UK-based wholesale dealer Sova
Capital for over 4 years and a half. He served as the corporate’s Vice
President (VP) of Prime Providers Gross sales between 2018 and 2021. He was appointed
the Director of Prime Providers Gross sales in 2021— a place Clifford-Newman held till this new appointment at StoneX Group.

Earlier than becoming a member of Sova
Captial, Clifford-Newmann additionally served because the Vice President of Prime Providers
Gross sales at Linear Investments. He additionally doubled because the VP of Relationship
Managment on the firm the place he labored for over three years between July 2015
and August 2018. Moreover, he held
Associates roles at two corporations between July 2009 and June 2015. Whereas he was
a Enterprise and Relationship Administration Affiliate at KCG Holdings, he labored as a International Fund Providers Relationship Administration Affiliate at Northern Belief Company.

StoneX Current Hires

In latest months,
subsidiaries of StoneX Group, whose providers reduce throughout industrial hedging,
world funds, securities, bodily commodities, overseas trade and
clearing and execution providers (CES), have made some hires and promotions.

Final month StoneX
Digital, the digital asset unit of StoneX, and StoneX International Funds, the
firm’s unit that focuses on cross-border funds to creating
international locations, employed Matthew Ardizzone because the Managing
Director of Digital Asset and SWIFT’s Edward Phelps as its Head of Gross sales
Technique, respectively.

In the meantime, StoneX
Group, which owns Foreign exchange.com and Metropolis Index, just lately reported a
uninteresting first quarter 2023 for its foreign exchange and CFDs enterprise as income declined by 32% year-over-year to $48.8 million.
Nonetheless, institutional FX contracts income on StoneX surged by 74% to $9.2
million, with a 24% improve in FX common every day quantity.

In a unique
improvement, the Nationwide Futures Affiliation just lately hit StoneX Markets, one other subsidiary
of StoneX Group, with a wonderful of $1 million for a number of adjustments of compliance
violations.



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