Brokerage executive Tiago da Costa Cardoso has joined HFM as Global Head of Business Development.
Cardoso joins the firm from Exinity – the parent company of Alpari, FXTM, and Nemo. He was with Exinity for a year and a half, having joined in April of 2023 as Senior Vice President.
Prior to joining Exinity, Cardoso was with INFINOX for over four years. He initially worked in Lisbon for the company but moved to Dubai three years ago.
Cardoso started his career in the retail broker industry in 2011 at XTB, working in the Polish firm’s Portuguese branch. He worked as an account manager but also represented the company in the media regularly and provided market analysis to clients.
Cyprus-based HFM has taken a similar approach to many other firms over the last few years by switching its focus away from Europe.
The company still has licenses in the UK and Cyprus but appears to get only a small amount of business from the two entities.
However, the company appears to do a lot of business via its Mauritius entity, primarily in Africa and Asia. The firm does a lot of business in Japan and also appears to be making a big effort at expanding in Africa.
