APM Markets, operated by APM Capital Markets and rebranded from BUX Markets, has appointed Joshua Owen as its Chief Executive Officer, Finance Magnates has learned. The appointment follows the acquisition of BUX’s UK unit by UAE-based APM Capital, which subsequently rebranded the business.
For the new role, Owen, now also a part of the board of APM Capital Markets as an Executive Director, has replaced Salim Sebbata, who has now joined Capital.com.
From Trading Head to CEO
Owen’s promotion to CEO is an internal advancement, as he previously served as Head of Trading at BUX Markets (now APM Markets). He led the company’s contracts for differences (CFDs) trading division for over four years.
Before his tenure at BUX, Owen spent four years at Ayondo, another financial services firm. He started as a Trader and later became Deputy Chief Trader.
Additionally, APM Capital Markets’ board has added Nick Spencer-Skeen, who was previously involved with APM’s UAE operations. Spencer-Skeen has now taken up a role in the UK entity but will continue as a Senior Executive Officer at the UAE base.
Another Executive Director at APM Markets is Philip Holland, who has been with the company since early 2021 when it was still known as BUX.
Preparing for a Relaunch?
The appointment comes months after BUX sold its UK-based CFDs and spread betting business to APM Capital. Following the acquisition, APM rebranded BUX Markets to better align with its global services.
Before the UK sale, BUX had also sold its primary Netherlands-based business to ABN AMRO. Despite becoming a subsidiary of the Dutch bank, BUX Holdings confirmed it would continue operating independently.
However, APM’s UK business has yet to resume onboarding clients. According to its website, the platform is “re-evaluating its product offering and will return in the future.”
This article was written by Arnab Shome at www.financemagnates.com.
Source link
