Australia’s leading retail forex broker hires ex-ODL and FCStone exec to replace Quinn Perrott.

LeapRate Exclusive… LeapRate has learned that AxiTrader, the largest retail forex brokerage in Australia, has gone outside the ranks and hired Alex Mackinnon as its new CEO (or in Australia-speak, its new Managing Director). Mackinnon replaces Quinn Perrott, who remains with AxiTrader in a strategic role.

While AxiTrader grew nicely under Perrott’s leadership to become the largest domestic FX broker down under — as we recently pointed out IG and AxiTrader topped Investment Trends’ recent Australia CFD broker survey — most of the growth recently at AxiTrader has been international, and the previously London-based Mackinnon has lots of international experience — as Head of FX Prime Services at FCStone Europe, and as Head of Trading at ODL, which was acquired by FXCM in 2010.

Australia continues to be a focus destination in the retail FX industry, due both to the growing domestic market, and as an attractive and convenient base of operations for clients in China and the Asia-Pacific region, the fastest growing region in the forex industry worldwide.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.