CMC Markets Connect, the institutional business arm of UK’s biggest spread better, has appointed Johan Koo as an institutional sales manager.
He joins the group’s APAC regional hub in Sydney, which provides a bespoke brokerage service for banks, brokers, funds and trading desks.
CMC Markets’ institutional arm said Johan brings to the role seven years of financial market experience spanning a combination of boutique brokerages and major institutions. His addition will augment the team’s sales of liquidity solutions and the new Spot FX product, which is due to be released across the region imminently.
Andrew Wood, Head of Institutional Sales for CMC Markets Connect, commented: “We’re delighted to welcome Johan to the team. Demand for our liquidity and trading services amongst institutional customers is growing rapidly now, so I’m confident that Johan’s appointment will help us manage this growing flow of business. The year ahead is set to be an exciting one for the team, given our own product innovation and also the hope that we’ll soon be back to meeting clients and doing business face-to-face.”
Johan will be focused on further developing the global sales of CMC Markets’ growing wholesale brokerage, as well as technology sales and client acquisition.
Prior to landing at the Australian broker, Johan had served in an analogous role with Sydney-based FX and CFDs broker, ACY Securities. He also spent more than two years as Head of Trading and Senior Derivatives Dealer at easyMarkets, based out from Sydney, New South Wales. This was preceded by a short stint as a senior corporate trader at the Australian subsidiary of Canadian firm, FIRMA Foreign Exchange.
CMC Markets sets ambitious targets for institutional business
Earlier in his career, Koo worked for nearly three years as a Sales Consultant/PBE at HSBC, his LinkedIn profile shows.
He joins the institutional business arm of UK’s biggest spread better after it has recently upgraded its tech stack to facilitate faster price construction across a wider range of asset classes that are available to their institutional client book. Their clients now have access to an additional 60-plus spot FX pairs and precious metals.
London-based trading provider has set ambitious growth targets for their B2B arm of business which CMC expect to achieve by catering to a greater range of institutional client types and their respective trading strategies.