London-based financial trading provider Admiral Markets UK Ltd. has parted ways with Simon Roberts who was appointed last year as the company’s General Manager, per a filing with the Companies House.
A company spokesman confirmed the executive move to Finance Magnates and provided the following comment on the matter.
“Role of Simon Roberts was an Executive Director of Admiral Markets UK Ltd. He had an administrative role as a general manager, with a focus on regulatory change. He worked alongside Stephen Ayme. His role has been taken over by Stephen Ayme, subject to oversight by the Board of Directors and with the full support of the Admiral Markets administrative functions.”
The company’s statement further reads:
“Simon Roberts has resigned from his position as an Executive Director of Admiral Markets UK Ltd, as from 26 July 2018. Simon was involved in the administration of Admiral Markets UK Ltd and there has been a strong focus on regulatory developments, with GDPR, MiFID 2 and the ESMA product intervention measures. Over this past half year, Admiral Markets UK Ltd has achieved a large number of goals. The projects in which he was involved have been finalised and he will pursue his career away from Admiral Markets UK Ltd. His departure will not impact on the development of the business. We are grateful for the good work that he has contributed and wish him well in his career.”
Admiral Markets has recently made a series of changes to its management structure, appointing three new board members earlier in 2017.
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Simon Roberts joined Admiral Markets from Cyprus-based FX broker Windsor Brokers where he spent the last two years in the capacity of Business Development Consultant. In addition, he has been Managing Director at SCP Consultants Limited, a role he retained during his term with Admiral Markets.
Simon was an approved Director with the UK’s FCA, and has more than three decades of experience in operations, compliance and corporate governance across the financial services industry.
His previous stops also include working as CEO at Fortrade, a Forex & CFDs matched principle brokerage. Mr. Roberts held the same role for more than seven years with Lakeview Capital Market Services which operates an independent intermediary offering wholesale brokerage across a broad range of asset classes.
Multiple tasks with a successful broker
During his tenure with Admiral Markets, Mr. Roberts was acting as the focal point for the UK regulator and supported overseas branches in its communications with local regulators. He was also tasked with setting the overall direction and business strategy of the firm and coordinating the activities of subsidiaries including business development.
During 2017, the FCA-regulated broker disclosed a total operating revenue of $31.4 million (€27.0 million), which was up 17.3 percent year-over-year from $26.8 million (€23 million) in 2016. The figure is almost double the proceeds set back in 2014.
The company attributed its solid revenues to higher trading volumes, the introduction of new products, and improved marketing efforts.