FX News Group reported on 1 November that Deepak Stephen joined Avora Markets as managing partner and chief strategy officer after leaving GTCFX. The new appointment is a separate development from the departure reported on 30 October, rather than a second report of the same employment status.
Stephen joined GTCFX in early 2024 as head of people operations, became CSO about a year before leaving and previously spent three years at B2BROKER. The report says Avora was founded in 2024 by Sweden-based entrepreneur Rohit Sharma and is run by Stockholm-based CEO Magda Karapetyan. It describes Avora as domiciled offshore in Saint Lucia; domicile is not evidence of an investment-services licence.
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