Lots of movement in and out of the FX industry for ASIC and FCA regulated retail forex broker ThinkForex.
We had earlier exclusively reported that the company tapped a new Global Recruitment Manager from outside the industry, hiring Adam Pomerenke from Porsche UK.
Now LeapRate has learned that ThinkForex’s Director of Operations, Trading and Risk Management, Chris Reynolds, is going the other way.
Reynolds has just left ThinkForex (and the FX sector) to join sports social betting site Favourit.com as COO. Reynolds has worked in the FX space for more than a decade with ThinkForex as well as previous stints in various roles at HY Markets and GO Markets.
When contacted by LeapRate, Reynolds said:
When the opportunity came up to move to Favourit, I saw it as a great chance to make an impact in a company with a huge future. I’ve been involved in almost every aspect of the FX and CFD industry for 10 years, and have seen a lot.
The online sports betting industry is obviously very similar to FX and is well established. With Favourit having some key investors, we’re in a position to disrupt our industry in a way I couldn’t with an FX broker.