Mitesh Vaghela promoted to COO at Rostro Group

FX and CFD brokerage holding company Rostro Group has made another C-suite move, promoting Mitesh Vaghela to Chief Operating Officer (COO).

Mitesh Vaghela joined Rostro Group in London in 2022 as Chief Product Officer, a hire that FNG also reported exclusively at the time. In 2024, he moved into the role of Chief Business Officer.

Before Rostro, Vaghela was Director of Product at Equiti Capital, the FCA-licensed arm of Equiti Group, from 2018 to 2021. He has also held roles across a range of retail and institutional FX and CFD firms, including GKFX, London Capital Group, Integral Development, Alpari UK, and City Credit Capital, going back to 2005.

Rostro’s prior COO, Saul Knapp, shifted last year to Rostro’s offshore brokerage unit, Scope Prime. There, he took on the title of Managing Director, Futures and Options.

FNG also reported a senior management shuffle at Rostro last year, tied to the company’s planned push into payments and crypto.

About Rostro Group

Rostro Group launched in 2020. It was founded by former ACM/TradeTech (now Finalto) executive Roger Hambury, with plans to buy and build businesses in retail FX, CFDs, and crypto trading.

The group completed its first acquisition in 2023, buying CySEC-licensed broker Scope Markets. Rostro also operates the Scope Prime offshore brokerage brand.