Compliance Officer and Director Demetris Kyriacou Leaves IronFX

The board seat is vacated as the company received a significant investment from a Middle East family office.

A filing with UK Companies House shows that the Chief Compliance Officer of IronFX Demetris Kyriacou is stepping down. He spent over eight years with the company.

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Kyriacou has been with IronFX since February 2009 when he joined as Chief Compliance Officer and Director of Financial Services. After spending a little over a year with the firm, he also became General Manager.

According to a filing made by the UK entity of IronFX, 8SAFE UK Limited, Mr Kyriacou left the company at the beginning of the month. The FCA-regulated unit of the company has kept a clean regulatory record during his tenure. Back in November 2015, IronFX agreed to pay €325,000  to Cypriot authorities over possible violations of the regulator’s legislative framework.

Before joining IronFX, Mr Kyriacou served as General Manager of ACFX for a little over a year.

Last month IronFX announced that the it received a major investment from a Middle Eastern family office. The company stated that the $100 million commitment would enable the firm to engage in M&A activity as well as provide it with enough resources to boost its own technological and operational resources.

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