Brokerage group ATFX announced on Monday that it has hired Mohammed Khan as its new Chief Operating Officer for ATFX Connect, the company’s institutional division.

“Moe is an invaluable asset to the global ATFX Connect strategy,” said Wei Qiang Zhang, Managing Director of ATFX Connect.

“We share the same vision for the future business model, and his leadership will be instrumental in transforming ATFX Connect into a truly robust institutional business. With his expertise, we will continue strengthening our institutional offering across our global presence, including the UK, Cyprus, Australia, Hong Kong, South Africa, and Mexico.”

Khan is the latest in a series of senior executives to make the move to the ATFX group.

He joins the firm from FXCM, where he has spent the last 20 years. Khan joined FXCM straight out of university and has been working from the brokerage group’s office in New York.

For the last eight years, he worked as FXCM’s Managing Director of Operations. During his time with the broker, he helped develop new products, build out different operations and technology, and work in client-facing roles.

“I am excited to join ATFX Connect and contribute to its continued success in the institutional space,” said Khan.

“ATFX has built a strong reputation for technology-driven solutions, and I look forward to leveraging my experience to enhance our offerings and expand our global presence.”

Khan is the second major hire that ATFX has made in the last month.

The broker announced last week that Paresh Patel, another long-time FXCM executive, had joined the company as its new Global Head of Trading and Risk Management.