Divisa UK Limited, a subsidiary of Equiti Group, has secured a new Chief Executive Officer (CEO) for its operations, appointing former GKFX CEO, Brian Myers. The appointment is pending FCA approval and will see Myers join the group as it strengthens its license portfolio amidst a shifting regulatory atmosphere in Europe.
Myers parted ways with GKFX as exclusively reported by Finance Magnates in late April. In this capacity, he worked as the CEO of GKFX, with responsibility for the group’s offices across multiple jurisdictions, including London, Madrid, Frankfurt, Dubai, and Istanbul.
Equiti Group’s CEO, Iskandar Najjar, commented on the appointment: “We are very pleased to appoint a new Divisa UK CEO with the depth and breadth of Brian’s experience and knowledge.”
With over a decade of experience in the FX space, Myers has opted to join Divisa UK Limited, which has seen a series of expansions and regulatory developments as of late. He brings a wealth of industry experience in both managing and establishing institutional and retail financial trading businesses, with notable experience working with regulatory bodies.
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This skill set will be an asset as the Equiti Group is already in the midst of fortifying its compliance teams across its global businesses. Indeed, 2017-18 has seen a staunch shift in regulations, with an ever-growing need for compliance, namely in the EU.
Commenting on his appointment, Myers said: “I’m absolutely delighted to take the helm of Divisa and be a part of the Equiti Group, which has demonstrated a strong growth trajectory in recent months, and reached significant global milestones. I’m very much looking forward to leading Divisa’s growth with new initiatives and product offerings.”
Equiti Group has had an eventful year already, acquiring key licenses in multiple jurisdictions. Back in April, the group announced that it acquired a brand-new license in Kenya – Equiti Group had established a local subsidiary called EGM Securities Limited. The first online forex broker license in Kenya was issued under a new regulatory regime, which transferred the oversight of online foreign exchange brokerage services to Kenya’s Capital Markets Authority (CMA).
Earlier this year, Equiti Group also became the first online forex broker to receive a license from the Jordan Securities Commission, opening a regional office in Amman in March.