Mark Chesterman has joined Stater Global Markets in a newly created COO role.
Chesterman joins from IG Institutional, where he spent 14 years in a variety of different roles, most recently as COO.
As part of his remit at Stater Global Markets, Chesterman will work closely with CEO, Ramy Soliman on global expansion plans and new product development and he will also oversee the day-to-day activity of the firm.
Soliman comments, “Mark played a key role in IG’s rapid growth into a FTSE 250 organisation and the world’s largest spread betting and CFD brokerage. His extensive experience in trading, operations and management is tailor-made for our requirements. Mark headed up IG’s institutional division, overseeing liquidity management and working closely with banks, hedge funds and brokers. He also played a major role in business development in Asia and was instrumental in setting up IG’s cryptocurrency offering. Mark is highly intelligent, with an Executive MBA from London Business School specialising in strategy and entrepreneurship as well as a Masters in Finance, also from London Business School. An appointment of this calibre highlights our global growth ambitions. Mark will bring invaluable insight to Stater and his appointment frees up some of my time to enable me to focus on business development and sales opportunities.”
Chesterman adds: “I am excited to be joining a young, agile organisation with significant growth opportunities and strong financial backing from a very credible investor.I’ve been watching Ramy and the team build Stater over the last couple of years and have been really impressed by the thought and quality which has been key to their early stage growth I believe that Stater is the only truly liquidity agnostic Prime of Prime in the market and, in my view, having no vested interest in how a client trades is exactly the positioning a Prime of Prime should have.I’ve always been impressed by Ramy’s integrity and am looking forward to working closely with him. As part of my new role, I will also have the opportunity to get involved with Stater Blockchain. This is a particular area of interest to me and so working at a firm with a mandate to build blockchain products is very exciting.”