Rostro Group Restructures Leadership for Major Expansion

Rostro Group restructures leadership as it announces significant management changes to drive expansion into new verticals, including payments, digital assets, hedge funds, and private banking. With this strategic move, the company aims to strengthen its position in the financial sector and drive growth across multiple domains. John Murphy, currently the Chief Revenue Officer at Scope Markets, will transition to the role of Group Chief Commercial Officer at Rostro.

Meanwhile, Pavel Spirin will retain his position as CEO of Scope Markets while taking on the additional responsibility of Group Chief Growth Officer at Rostro. These changes highlight the company’s commitment to optimizing leadership talent as it navigates its ambitious growth trajectory. Founded in 2020 by Roger Hambury, a former executive at ACM/TradeTech (now Finalto), Rostro Group has focused on acquiring and expanding businesses in the Retail FX, CFDs, and crypto trading sector. 

In 2023, it marked a significant milestone by acquiring CySEC-licensed broker Scope Markets, which continues to serve as Rostro’s primary direct-to-retail customer channel. The company also operates Scope Prime, an offshore brokerage brand, further solidifying its footprint in the industry. Rostro remains dedicated to Scope Markets, ensuring that it continues to be the group’s core platform for fostering relationships with retail clients. Speaking on the leadership changes

Rostro Group Restructures Leadership for Major Expansion

Michael Ayres, Group Chief Executive of Rostro, emphasized, “As our business continues to grow at pace, we understand the importance of assigning the very best talent to maximize the return. Both Pavel and John have excelled in building out our retail Scope Markets business over the last two years, so these promotions acknowledge that and recognize the value they can deliver at a group level. The moves also pave the way for other talented individuals within the business to be assigned roles with greater responsibilities.” 

John Murphy expressed his enthusiasm for his new role, stating, “In recent years, I have been responsible for building out an industry-leading business development team, which has fundamentally changed the way we deliver our services. My new role sees me focused on producing equally innovative solutions at the Group level, something that will be pivotal in achieving our objective of ensuring the success we see is both scalable and sustainable over the longer term.” 

Pavel Spirin echoed this sentiment, emphasizing Rostro’s vision: “Unlike many other financial services providers, what sits at the heart of Rostro is an unrelenting ambition to improve access and inclusion for all into the wider financial ecosystem. We have already answered that brief through the dramatic growth seen by Scope Markets in recent years, so I’m now going to be applying those proven skills and knowledge to deliver success at a group-wide level.”

With these strategic leadership adjustments, Rostro Group is positioning itself for continued growth, focusing on expanding its financial services offerings and maintaining its commitment to innovation and customer inclusion.

Also, Stay Updated With The Latest Broker News.