Fledgling MDS appoints CEO

Alun Stevens

MDS Financial Group has appointed a new chief executive officer, retail financial services to lead its push into the retail market.

The new chief executive is David Galtieri, who was formerly head of sales of education at Bourse Data.

Galtieri was one of the developers of Bourse Data’s charting and market information software, The Bourse. He has been a private trader and investor for more than 15 years.

“As a trader myself, I was drawn to the MDS Financial Group’s approach of independence and control,” Galtieri said.

“Many financial services firms have struggled with self-directed investors, but we embrace them by letting them pick and choose their level of support.

“MDS will continue to build upon our information, education, support and advisory services as part of our commitment to every client’s financial success.”

As part of the push into retail financial services, MDS has restructured the board of the company.

Chairman Barry Littler has retired to focus on other business interests and has been replaced by Sean Rothsey, currently a non-executive director with MDS.

Other changes include Leon Hinde stepping down from a more active role with the company, but he will remain on the board, as will David Whitfield.

Rothsey said Galtieri’s trading background would be an important asset for the company’s push into retail.

“Active traders and investors can look to David confident that he understands their needs, because he is one of them,” Rothsey said.

“He understands the support mechanisms required by traders and is passionate about giving them quality, independent services that cut through the misinformation, the get-rich-quick schemes and broken promises that constantly dog traders.”

MDS was launched last month to provide direct investors more control along with education services, support, information and bias free advice.