Tickmill Promotes IronFX’s Former LATAM Sales Head Brunno Huertas to Regional Manager
Brunno Huertas joined Tickmill as the Regional Manager for
the LATAM region. The move is a promotion for Huertas, who started at the broker as
the Business Partnerships Manager for Portuguese Region and recently served as the
Country Business Manager.
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Huertas is not new in the online brokerage space. He also
has extensive experience in the LATAM region. He previously served as the
Head of Sales for LATAM at IronFX.
Other Recent Executive Changes
Meanwhile, Tickmill’s veteran Loukas Priovolos recently moved to Deriv as Financial Reporting Manager after an eight-year tenure at the
broker, where he served as Group Financial Controller.
At Deriv, Priovolos expressed enthusiasm about the
opportunities for growth and learning, pointing to the company’s cultural and
product diversification, as well as its adoption of technology and AI, as key
attractions of his new role.
Priovolos’ career at Tickmill began in April 2017 as an
Accounting Supervisor and progressed through several positions, culminating in
his role as Group Financial Controller from January 2021 to April 2025. During
his time there, he earned four promotions and helped establish two new finance
sub-departments.
Geographical Expansion
Besides the executive changes, Tickmill recently expanded
into Oman, designating Muscat as its regional hub to provide support to clients
locally and in nearby markets. The move is part of the broker’s broader
strategy to strengthen its presence in the Middle East.
As part of its entry, Tickmill established a strategic
partnership with ProTrade Investments, using the firm’s Muscat office as the
base for this collaboration. Globally, Tickmill operates under multiple
licences, including regulatory approvals in the United Kingdom, Cyprus, and
Seychelles, and maintains a representative office recognised by the Dubai
Financial Services Authority.
At the same time, Tickmill UK saw its trading volume decline in 2024, dropping to $136 billion from $189 billion the previous year. This
decrease contributed to a 6% fall in revenue, which totaled £6.2 million. The
company generates CFD revenues from dealing spreads and ETD revenues from
commissions per trade.
Despite the revenue decline, profits increased due to lower
administrative expenses. Intercompany recharges or service-level agreement
(SLA) income also fell, from £2.7 million in 2023 to £2.2 million in 2024.
This article was written by Jared Kirui at www.financemagnates.com.
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