Reginald Sherekete, former Head of Risk at Doo Group, has
joined FXGlobe.com, an offshore forex and CFD broker registered in Vanuatu, as
Chief Risk Officer.
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Scope Markets, Trade Capital Markets
Sherekete has extensive experience from across the FX and CFD space. Previously, he worked as a Dealer and later a Senior Dealer
at Scope Markets. His industry background also includes a role as Chief Dealer
at the Cyprus Investment Firm Trade Capital Markets.
The move comes when D Prime, the retail and institutional brokerage
division of Doo Group, appears to be vacating its Limassol office. An employee recently
told Finance Magnates that staff were notified the broker plans to leave
the premises within two weeks.
The Limassol location is one of two offices operated by Doo
Group in the city. The company confirmed the move, stating that “Doo Group is
realigning its operational structure.”
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“In preparation for
the next phase of its global growth strategy, Doo Group is realigning its
operational structure to enhance efficiency and concentrate resources within
key strategic regions. Doo Group extends its sincere appreciation to all team
members for their dedication and contributions over the years. The Group
remains committed to supporting employees throughout this transition,” the broker
said.
Recent Developments at Doo Group
Earlier, Doo Prime rebranded as D Prime, unveiling a new
logo, website, and color scheme. As part of its rebrand, the company mentioned
that it planned to expand into new markets, integrate artificial intelligence
into its offerings, and introduce environmentally focused investment products.
Last year, Doo Financial secured a regulatory license from the Cyprus Securities and Exchange Commission, enabling the broker to expand
its services across the European Union through passporting rights.
Additionally, PT. Doo Financial Futures, a subsidiary of Doo
Group, obtained regulatory approval from Indonesia’s commodities and futures trading regulator, Badan Pengawas Perdagangan Berjangka Komoditi.
This article was written by Jared Kirui at www.financemagnates.com.
