Lee Holmes has stepped down as the Chief Executive of Infinox's United Kingdom unit at the end of last month. His exit came almost a year after he took over the top role at the company. However, he remains associated with Infinox's "wider global business."
Still Continues to Be a Part of Infinox
Apart from the UK unit, Infinox operates a Mauritius-regulated entity and has registered businesses in Anguilla and Cyprus.
"Lee Holmes remains with INFINOX and continues to play a senior role in the wider global business, with his core focus on IXO Prime, our institutional business," an Infinox spokesperson told Finance Magnates. "His stepping down from the board of INFINOX Capital Ltd, and from the associated SMF3 position, is a structural change relating to the UK FCA-regulated entity. It does not change his continued role with INFINOX."
"As the INFINOX Group continues to evolve, we are aligning senior responsibilities with the areas of the business where we see long-term opportunity, including the continued development of IXO Prime."
However, who would replace Holmes in the role of Infinox's FCA-regulated UK entity remains unclear.
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Ups and Downs in the Business
Under Holmes’ leadership, Infinox had a roller-coaster ride. On the positive side, the company acquired Nordic region-focused Skilling last October, expanding the group’s geographical reach. Finance Magnates, however, reported that Infinox's institutional division suspended numerous new institutional trading activities last year, citing suspicious activity and potential breaches of market conduct standards.
Holmes spent a significant part of his career at Infinox, with two tenures at the company. He initially spent a year in an executive role at the company until around the first quarter of 2023, but left before returning in late 2024.
Between his two Infinox tenures, he had short stints at the institutional divisions of Hantec Markets and Exinity. His career also includes significant experience at ATFX UK and FXCM, where he worked in institutional and introducing broker sales roles.
His extensive background in institutional sales and liquidity management positions him well to accelerate Infinox’s IXO Prime business focus.
