Making it for an outsider confusing and wonder in what state the Australian retail firm is currently under. Especially now it has been reported that six account managers at its Australian headquarter has been laid off. However, more impacting is the fact that various senior management positions of the Australian retail FX broker has been terminated or relocated.

Of interest is that the Israeli service provider Dealserv established FXTG. All seemed good until the insolvency of parent holding Dealserv, which resulted into the takeover of FXTG and Sky FX by Aviv Talmor in the summer of From this moment on the entire corporate direction was dismissed at FXTG and required build up from the scratch again.

The same case occurred for the fomer subsidiary of Dealserv Sky FX. At the subsidiary Sky FX, Mr. Jonathan Frankenstein took place as CEO, while at FXTG Mr.

The reign of Mr. For direct replacement, the industry expert Mr.

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Elias Morales was appointed CEO for the time being at FXTG. Bringing in knowledge and experience from previous senior roles at BNP Paribas, GFT and CMC Markets, Mr. Yet, in reality this was a contrasting matter since Mr. Elias Morales took this role for only a very brief period, which lasted a few weeks, not even completing a month.

In a publicly made statement of the FXTG senior management, the firm has clarified the ongoing restructuring and the reasoning behind the dismissal of the quite recently appointed CEO: Alongside this dismissal, the CEO at Sky FX, Mr.

Tanya West also said good bye. On top of this matter, the current Global Vice President of FXTG, Mr. Rafael Bar is facing a potential relocation to Cyprus assuming a different position. Having concluded the many dismissals of senior positions, together with the six account managers being laid off at the Australian Headquarter, it is evidently that FXTG organisational restructuring raises questions of the outside world.

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FCA urges UK brokers to submit permissions applications ahead MiFID II. Is StoxMarket scam or reliable? Is Stern Options scam or reliable? FCA Stern Options warning. Insolvency of parent firm All seemed good until the insolvency of parent holding Dealserv, which resulted into the takeover of FXTG and Sky FX by Aviv Talmor in the summer of Multiple senior staff fired Yet, in reality this was a contrasting matter since Mr.

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