The parent company of Divisa Capital, Equity Global Markets and EGM Futures, Equiti Group, has just announced a new hire to complement the list of top executives at the helm of the firm. Gregor Schnuppe will hold the group CFO role after spending over 10 years at Newedge. The new hire comes after the company onboarded Iskandar Najjar earlier this year as the Group’s CEO.
Schnuppe held several senior positions at Newedge over his tenure. In his latest role with the company, he was Global Head of Brokerage based in Singapore and was the subject matter expert in the re-engineering of Newedge’s execution brokerage function.
Newedge Group is one of the industry’s largest prime brokers and a futures commission merchant with offices in over 14 countries and over 2500 associates. The firm was acquired by Societe Generale Corporate and Investment Bank.
As CFO of Equiti, he will be split between Dubai and London as the company is rapidly expanding its services following the $100 million cash investment the company received around the start of the year.
Commenting on the appointment, the CEO of Equiti Group, Iskandar Najjar said: “We are particularly pleased to attract a CFO with his extensive global experience and depth of industry knowledge.
“Gregor’s previous experience in managing an all-encompassing finance function that is strongly aligned to the needs of the business will be very valuable to Equiti Group’s global growth strategy,” Najjar elaborated.
As a veteran financial industry professional, Schnuppe is an expert in finance, risk, and operations. Throughout his career, he worked at both large multinational institutions and niche brokers in the UK, Hong Kong, Singapore and Australia.
Commenting on his new role, Mr Schnuppe said: “I am very excited to be part of the Group’s vision and bring my experience to help deliver an industry-leading solution within the retail brokerage arena. Equiti is one of the few brokers that is bringing institutional ideals, processes, and controls into the industry that is facing increased regulatory challenges and we will be well placed to meet them.”
This article originally appeared on Finance Magnates