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Abstract:Executive moves that dominated the week's news.
Now halfway through the month of November, we are witnessing the effects upon the crypto industry from the collapse of FTX. However, the hiring in the forex, crypto and fintech industry still continues nonetheless. Lets review the executives that have taken on new roles and challenges in our executive moves roundup of the week.
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Visa (NYSE: V) has named Ryan McInerney as the new Chief Executive Officer, replacing Alfred Kelly, effective from 1 February 2023. Kelly, now also the company's Chairman, will become the Executive Chairman of Visa.
The appointment for the apex management role came with an internal promotion as McInerney will be elevated from his current position of President. He joined Visa in 2013 and is responsible for overseeing its financial institutions, acquirers, merchants and partners.
Damian McDowell has stepped down from the role of Chief Executive Officer at Union Standard International Group Limited (previously known as USGFX).
According to a Companies House filing, McDowells appointment as a Director of the United Kingdom-based company ended on Wednesday. It means he will no longer remain in the apex management role of the company.
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IVY Markets, established in 2018, positions itself as a global brokerage offering a diverse range of trading instruments, including Forex, Commodities, Cryptocurrencies, and Stocks. The platform provides two primary account types—Standard and PRO—with a minimum deposit requirement of $50 and leverage up to 1:400.
Germany is set to hold a crucial general election on 23 February 2025, with voter frustration over migration emerging as a dominant issue.
The Indian Enforcement Directorate (ED) recently exposed a crypto Scam from a firm called Bitconnect. During the investigation, which took place on February 11th and 15th, 2025. The authority recovered bitcoin worth approximately Rs 1,646 crore & Rs 13.50 Lakh in cash, a Lexus car, and digital devices. This investigation was conducted under the provisions of the Prevention of Money Laundering Act (PMLA) of 2002.
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