FP Markets Replaces Global Business Development Head After Less Than a Year

FP Markets has appointed Haris Sergiou as its new Global Head of Business Development, handing the ex-Doo Group director responsibility for the CFD broker's worldwide growth strategy. The firm said Sergiou will lead the global business development strategy and help broaden its international reach as it pushes into new markets.

Sergiou most recently served as Business Development Director at Doo Group in Dubai from January 2024, where he oversaw sales strategy and teams across MENA and parts of Asia, including Japan, the Philippines, India, Pakistan and Bangladesh, as well as relationships with introducing brokers. Earlier, he spent three years at XM as Country Manager for Business Development in Dubai from March 2020 to February 2023. In between, he spent roughly a year outside retail trading as Director of Business Development at Cyprus-based EV charging firm Faraday EVCS.

"A lot to build, a lot to achieve, and I'm looking forward to what's ahead," Sergiou said in a LinkedIn post announcing the appointment.

The latest hire comes less than nine months after Elias Aaraj was named to the same role in December 2025. Aaraj's LinkedIn profile indicates his tenure ended in July, with no subsequent position listed. FP Markets did not address the departure in its announcement. Aaraj previously spent nearly eight years at Tickmill, where he reached a C-level role, and three years at Saxo Bank. Sergiou's recent MENA and Asian experience at Doo Group may signal a shift in regional focus compared with Aaraj's background.

Restructuring and expansion

The management change is taking place during a period of expansion and internal reorganisation. In January, the Australia-headquartered broker said it planned to enter new regions and emerging markets while expanding its financial technology, tools and product range. In April, it disclosed that an organisational review affected less than 7% of its global workforce, with roles changed or consolidated, according to Group Head of HR and People Culture Christina Koro. The firm maintained hiring in areas linked to its strategic priorities.

Founded in Sydney in 2005, FP Markets is a multi-regulated broker with more than 300 employees globally as of mid-2025, including over 100 in Cyprus.