Finalto Appoints Paul Groves CEO UK B2B, Chauncey Boreham Promoted To Senior Sales Director

May 24, 2023 - Multi-asset B2B Prime of Prime Liquidity Provider Finalto has appointed Paul Groves as UK B2B CEO, a role previously held by Matthew Maloney. Paul has worked for Finalto, including as its previous iteration as CFH, for 13 years, most recently as Head of European Sales.

Paul Groves commented on his new appointment, “I am excited about the year ahead. This year we’ll be focusing on expanding the business globally and building long-standing relationships. The fact I have been here for over 13 years shows my belief in the organisation now and going forward. My longevity here will be replicated with our current and future clients. We are not looking for short term relationships, we’re looking for sustainable, consistent partnerships going forward.”

Paul started out in the City in the late 80s at NatWest Bank, before moving into the commodity market for two LME brokers – Brandeis and Gerald Metals. From there he got his first taste of FX trading desks and that led to a career into Foreign Exchange and bullion trading.

Stints at Linnco Europe, ADM Investor Services, ODL Securities and Sucden Financial followed on bot proprietary trading desks and market making desks.

In early 2010, Groves made the jump to sales and moved to CFH Clearing as one of the first employees. At CF e worked is way up to be Head of European Sales, a role he held onto when CFH became part of Finalto in 2019.

Matthew Maloney, Group CEO of Finalto, said, “We’re happy to welcome Paul Groves to the role of UK B2B CEO. He has been an invaluable part of Finalto for many years and is uniquely placed to take Finalto B2B forward in the right direction.”

Paul says he’s excited about the growth of the business going forward.

“We’re going to continue to expand our New York and Singapore data centres over the coming months. But as well as that we have a broad range of licenses around the world that we want to better utilise to cement our position as a truly global provider, from the Far East to South America, London to the Middle East and Africa.”

Chauncey Boreham has moved into Grove’s previous role as Senior Sales Director.

Boreham has years of experience and has been with Finalto for over six years, most recently as Vice President of Global Institutional FX and CFD Sales.