Moomoo Australia appoints Michael McCarthy as chief executive officer
SYDNEY, Mar. 4, 2025 – Moomoo Securities Australia today announced the appointment of Michael McCarthy as its new chief executive officer, effective immediately.
Michael, who has been chief commercial officer since August 2024, was considered the outstanding candidate and right choice to lead moomoo Australia, said moomoo country head Biyi Cheng.
With broad market knowledge and excellent communication skills, Michael is one of the most influential market strategists in the industry. He has most recently held senior roles in the local operations of Tiger Brokers and CMC Markets.
“I am delighted to be chosen as the new CEO for moomoo Australia, as the company reaches milestones after only three years in operation, and accelerates its growth plans for the local market,” he says.
Moomoo has made significant progress in its Australian operations in the seven months since Michael joined, building on its work of the past few years. The company has seen noticeable increases in its paying clients, and client assets, which are growing by triple digits year-on-year, as shown in our latest results.
A number of recent innovations are driving engagement with Australian investors, including moomoo’s new streamlined desktop platform, dividend reinvestment plan for US stocks, direct access to US options, its auto invest function, partnerships with leading ETF issuers and its unique AI trading tools.
The innovative technology of the moomoo platform is a key reason for its success in Australia, says Michael. Moomoo is the most downloaded independent Australian trading app so far in 2025. And it ranks among the leading Australian broking apps for user activity.
“Moomoo’s features provide innovative trading solutions to Australian investors. We are a fresh challenge to a market littered with legacy platforms. Our AI tools in particular give investors a speed and knowledge advantage by giving them richer investment information faster,” says Michael.
“While we’re one of the most advanced trading platforms available to Australians, we’re not resting, we plan to continue to advance our app. Just as we plan to continue our exceptional growth in the market, with exciting innovations to launch in coming months.”
About moomoo
Moomoo Australia is an advanced trading platform designed for Australian investors, offering access to more than 22,000 securities across the Australian, United States and Hong Kong markets.
Moomoo incorporates all needed tools and data to keep investors informed and confident to make their trades. Along with 24-hour service, and connection to a global community of likeminded investors, moomoo provides support and inspiration to investors of all levels, making it one of the most popular apps in the Australian market.
Moomoo is owned by Futu Holdings, a global fintech operation listed on the Nasdaq. It operates in seven world markets including Japan and the United States.
