LeapRate Exclusive… LeapRate has learned via regulatory filings with UK authorities that former Saxo Bank UK Chairman Nick Beecroft has joined the board of directors of FxPro UK, the FCA-regulated arm of global retail forex broker FxPro.
Beecroft was Non-Executive Chairman at Saxo Bank UK for about six years, until last July, when we reported that he resigned his position and was replaced by Anthony Belchambers. Beecroft also acted as a Senior Markets Consultant for Saxo Bank.
Since leaving his position at Saxo, Beecroft has been running his own shop called HP Economics. Through HP Beecroft gives advice on management of foreign exchange and rates for businesses, while remaining in the public eye giving market commentary for press and media, and being active in conference presentations and panel memberships and moderation.
To make room for Beecroft on the FxPro UK BoD, James Banister stepped down from the board. Banister is CEO of FXecosystem.
FxPro is in the process of rebranding from FX-only to a much more multi-asset broker. We had exclusively reported on the recent logo change at FxPro (see new logo at right), including the word ‘Forex’ from the company’s tagline to read just ‘Trade Like a Pro’. Beecroft’s experience at multi-asset broker Saxo Bank makes a lot of sense here.