Capital.com Appoints New Head Of M&A And Corporate Development In London

Capital.com has named Salim Sebbata as its new Head of Mergers & Acquisitions (M&A) and Corporate Development. According to reports, he will work from the company’s London office, where he will manage Capital.com’s M&A plans and help grow the business globally.

Sebbata brings a lot of experience in financial services to his new role. Most recently, he was the Chief Executive Officer and Director at APM Capital Markets Limited for six months. Before that, he worked as the Managing Director for Stryk by BUX and also served as Chief Executive Officer for BUX in the UK.

Sebbata’s Hiring Indicates Capital.com’s Focus On Acquisitions

He has also worked as Executive Director at Livemarkets Ltd and Group Business Development Director at Trade Capital Holding in Cyprus. Sebbata’s earlier roles include Head of Middle East at CMC Markets and Head of B2B at E*TRADE Financial in the UAE. He began his career in private banking, spending six years as a Vice President at Merrill Lynch in Germany.

According to reports, Sebbata’s hiring signals Capital.com may focus more on acquisitions. In the previous year, Capital.com acquired the clients of OvalX after OvalX’s main shareholder decided to stop funding the broker.

Capital.com has seen major growth in trading. In the third quarter of 2024, trading volume reached $450 billion, which is a 20% rise from the previous quarter’s $337 billion. For the first nine months of this year, the platform’s total trading volume has already surpassed last year’s $1.2 trillion.

Dana Massey, the Chief Marketing, Product, and Technology Officer at Capital.com noted that the firm’s results in the third quarter show how much the platform is growing. He added that as a technology-driven company, Capital.com is expanding its engineering team to keep up with the needs of its global clients. The company is searching worldwide for top talent in engineering and technology to stay ahead in the fast-moving fintech world.

Capital.com Plans To Double Its Tech And Engineering Staff In The Next Year

Trading has increased across several areas, including indices, FX markets, and commodities, with index trading making up 53% of the total volume. In the July-September period, the total trades rose by 19%, hitting 31 million. New user accounts also grew by 9%, with the Middle East leading in demand for index trading, followed by Europe.

Building on its strong growth, Capital.com announced it will boost investment in technology, planning to double its tech and engineering staff in the next year. The company aims to hire 200 new team members across its global offices, with a focus on software engineering, data engineering, tech support, and more.

These roles will be available in key locations like London, Limassol, and Warsaw with flexible options for both office and remote work, fostering an innovative and collaborative space for growth.