ETX Capital appoints new head of sales from rival

HandshakeEarlier this week, spread betting firm ETX Capital has appointed IG Group’s Hannes Schadek as head of sales trading for Germany and France as part of the company’s effort to increase its focus in Europe.

Schadek is switching sides and joining ETX Capital after having served in a similar position for their rivals at IG Group. At IG Group, Schadek was instrumental in the successful launch of IG’s German and French businesses.

Andrew Edwards, CEO of ETX Capital said in the release: “The appointment of Hannes Schadek will bring the required focus to our German and French operations, and reflects our commitment to these countries…Hannes is a German national educated at French and British institutions and has lived and worked extensively in France and French speaking countries. These unique professional and cultural capabilities give him an unrivalled ability to develop our German and French businesses.”

Dr John Wilson, executive chairman of ETX Capital, added in the release: “Our successful expansion into continental Europe will benefit from the extra focus that Hannes brings. We see significant opportunities for revenue growth across Europe and other regions and we are investing in the necessary resources to achieve this.”