Admiral Markets UK Parts Ways with General Manager Simon Roberts

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 ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term 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.

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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term & 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.