Ashraf Agha has been appointed by Stater Global Markets, a prime-of-prime service provider, as a strategic advisor, focusing specifically on operations and compliance.
Agha has almost 30 years’ experience in the financial sector, with roles including head of treasury at Saxo Bank, COO for the FX business at Marex Spectron, and co-founder and executive director of CFH Clearing, where he was accountable for all operations. He is also currently a board member of the regtech firm, muinmos.
Ramy Soliman, CEO at Stater, says: “Appointing Ashraf as a strategic advisor underpins our strategy of leveraging significant institutional experience to fast-track our growth. Ashraf’s expertise brings tremendous insight to Stater – he knows the prime-of-prime segment particularly well, has in-depth knowledge about the futures market and has a wealth of Board-level experience for FCA regulated entities and innovative fintech companies. In fact, Stater was one of the early adopters of muinmos‘ technology, which enables us to onboard clients quickly and ensure they remain compliant.”
Agha adds: “I believe there’s a huge market opportunity for Stater given the current industry environment and the increased need for genuine prime-of-prime brokers from clients across the globe. Stater’s momentum and energy has huge appeal to me. I have always enjoyed working with fast growth businesses with high calibre teams, which is what attracted me to Stater, and I am looking forward to playing a key role in Stater’s future development as a global market leader.”
Ashraf’s appointment follows on from a number of senior hires announced by Stater over the last six months, including Mark Chesterman as COO, who joined from IG’s institutional division; Michael Davies as global head of sales who joined from Sucden Financial; Ayhan Gurcuoglu as regional sales manager (Turkey), also from Sucden Financial; and Simon Henry, head of compliance, previously head of compliance at Capital Index and London Capital Group.