Reginald Sherekete, the former Head of Risk, at Doo Group, joined FXGlobe.com, a forex and CFD broker registered in Vanuatu as the Chief Risk Officer.

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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.

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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.”

Expect ongoing updates as this story evolves.

Source: Finance Magnates