MEX Exchange, Part of MultiBank Group Strengthens Leadership Team with Key Appointment

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Aug 3, 2026--

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With more than 20 years of experience across sales, business development and electronic trading, Bahuguna joins MEX Exchange with extensive expertise in electronic trading solutions spanning EMS, OMS, OTC and ECN technologies across the foreign exchange and digital asset markets throughout the Asia-Pacific region.

Throughout his career, Vibhanshu has held senior leadership positions with some of the industry's most renowned institutions. He began his career at Bloomberg before joining TradingScreen, where he delivered multi-asset trading access solutions. He later managed the Currenex and FX Connect franchise for State Street across Southeast Asia before leading TradAir's Asia-Pacific business from 2015, driving the adoption of FX aggregation, pricing engine and white-label trading technology until the company's acquisition by ION Group in 2022. Most recently, he headed Sales and Business Development at Cypator ECN, working alongside TradAir's original co-founder to expand the platform's institutional footprint.

David Ogg, Chief Executive Officer of MEX Exchange, said: " We are delighted to welcome Vibhanshu to the team. He brings an exceptional combination of commercial leadership, market expertise, and deep relationships across the institutional trading ecosystem. His experience in building and scaling electronic trading businesses across the Asia-Pacific region will be instrumental as we continue expanding MEX Exchange's global presence."

Commenting on his appointment, Vibhanshu Bahuguna said: " MEX Exchange represents one of the most exciting opportunities in institutional electronic trading today. The vision, technology and leadership assembled by the team provide a unique platform to redefine institutional market access, and I look forward to contributing to the next phase of the company's growth."

Bahuguna's appointment further strengthens an already distinguished leadership team driving MEX Exchange's institutional business.

The team is led by David Ogg, one of the most influential pioneers in institutional foreign exchange trading and widely recognised. Over a career spanning more than four decades, Ogg founded HotspotFX, the industry's first institutional FX ECN, along with LavaFX and LiquiMatch, while leading groundbreaking innovations that have shaped today's electronic trading landscape. Under his leadership, MEX Exchange is developing an institutional trading venue powered by AI-driven execution capabilities, ultra-low-latency matching technology and institutional-grade infrastructure designed to serve global market participants.

Complementing the leadership team is Brian Andreyko, Chief Product Officer, who brings extensive experience across global markets and electronic trading. Having held senior leadership roles at Edgewater Markets, TradAir, ICAP and Currenex, he now oversees the strategic development of MEX Exchange's ECN, Technical Services and Execution Services businesses.

Together, the appointments reflect MEX Exchange's continued investment in attracting industry-leading talent as it builds a next-generation institutional trading ecosystem that combines advanced technology, deep market expertise and global connectivity to meet the evolving needs of institutional clients worldwide.

ABOUT MULTIBANK GROUP

MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives, serving over 2 million clients across 100 countries, and boasts a daily trading volume that exceeds $35 billion. Renowned for its innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group offers an array of brokerage services and asset management solutions. It is regulated across five continents by 18+ of the most reputable financial authorities globally. The group’s award-winning trading platforms offer up to 1000:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 financial awards recognizing its trading excellence and regulatory compliance. For more information, visit MultiBank Group’s www.multibankgroup.com.

MEX Exchange, the institutional electronic trading platform of MultiBank Group, today announced the appointment of Vibhanshu Bahuguna as Senior Director, reinforcing the company's commitment to building a world-class leadership team as it expands its global institutional business and technology capabilities.

KYIV, Ukraine (AP) — Russian planes dropped eight powerful glide bombs in a span of 90 minutes on residential districts of the southern Ukrainian city of Zaporizhzhia, killing one person and wounding dozens of others, regional chief Ivan Fedorov said Monday.

Russia has used glide bombs to smash Ukrainian towns and cities since it invaded its neighbor more than four years ago. The weapons are Soviet-era bombs retrofitted with guidance systems and can carry up to 3,000 kilograms (6,600 pounds) of explosives, leaving huge craters. Ukraine has no effective countermeasures against them.

The Sunday evening onslaught on Zaporizhzhia killed a 71-year-old woman and wounded 31 people, including a 16-year-old girl, as the bombs damaged 22 apartment buildings in four districts of the city, Fedorov said.

Other large-scale damage of civilian areas of Ukraine has resulted from Russian ballistic missiles, and late Sunday President Volodymyr Zelenskyy made another urgent plea for countries to send Ukraine more U.S.-made Patriot air defense systems.

Only Patriot interceptors can reliably stop ballistic missiles, but they are in short supply due to the Iran war.

“The world has Patriot missiles. What matters now is for our partners to make the political decision to provide the necessary packages,” Zelenskyy said on social media. “The United States knows what we need. Europe knows what we need. Anti-ballistic missiles must protect people — not sit in stockpiles.”

U.S. President Donald Trump last week appeared to back off from his earlier commitment to give Ukraine a license to make Patriots itself. He said Friday that the licensing matter is still under discussion and said he hasn’t made a final decision.

Zelenskyy has suggested an alternative to Trump whereby Elon Musk allows Ukraine to use Starlink satellites to target ballistic missile launch sites inside Russia. Officials haven't publicly said whether that is being considered.

Russia attacked Ukraine with 181 long-range strike drones overnight from Sunday to Monday, according to the Ukrainian air force. It said air defenses jammed and intercepted 163 drones, but 14 caused damage at 13 locations.

The Russian Defense Ministry said its forces struck four bulk carriers carrying cargo for the Ukrainian armed forces, including three in waters of the Black Sea and one in the port of Mykolaiv, but provided no further information.

Neither side’s claims could be independently verified.

Meanwhile, three people were killed and two were wounded in Kyiv's overnight attack on the illegally annexed Crimea, the peninsula’s Russian-installed head Sergei Aksyonov said. He gave no details.

Also, three people were killed by Ukrainian drone debris in Arkhipo-Osipovka, a small town on Russia’s Black Sea coast in the Krasnodar region, regional governor Veniamin Kondratyev said. Thirteen others were wounded, he said.

Ukrainian drones struck another major warehouse belonging to Wildberries, Russia’s biggest online shopping company, as part of a campaign that has hit more than a dozen of the retailer’s distribution hubs and severely disrupted its business.

A Wildberries warehouse in the Vladimir region east of Moscow caught fire in the latest attack, the company said Monday.

Three people were injured, Vladimir Gov. Alexander Avdeyev said.

Ukraine also struck the Saratov oil refinery, the Engels military airfield and other targets inside Russia overnight including fuel storage tanks at the Lyudinovskaya oil depot in Russia’s Kaluga region, Zelenskyy said.

The Russian Defense Ministry on Monday reported that its air defenses overnight intercepted 131 Ukrainian drones over a number of Russian regions, as well as Crimea and the Black Sea.

Follow the AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

A burned car is seen after a Russian missile attack in Kyiv, Ukraine, Saturday, Aug. 1, 2026. (AP Photo/Dan Bashakov)