John Reed Becomes Non-Executive Chairman of ActivTrades

ActivTrades, one of the fastest growing brokerages in the UK industry in recent years, has just appointed John Reed as a new non-executive director to the company’s board, a regulatory filing with the UK Companies House shows. The move is bolstering the team behind the firm with a very experienced financial services professional with numerous years of experience in similar roles at other companies in the industry.

Throughout his career, Mr Reed has been actively engaged in a number of executive roles in banking, wealth management and insurance. After a solid career in the industry Mr Reed has taken on several chairman and non-executive director roles in companies that are focused on the financial services industry.

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Mr Reed is currently Chairman of EFG Private Bank Limited, where he also chairs the Audit Committee and is a member of the Risk and Remuneration Committees. He is also Deputy Chairman and Trustee of the National Motor Museum Trust, Chairman of Innovation Finance Ltd and a Non-Executive Director, Chair of Audit and Compliance Committee at the Bank Of The Philippine Islands (Europe) PLC since June 2009.

ActivTrades registered impressive growth in 2015 and is likely to continue such a performance throughout this year. The company registered an increase in revenues last year to $45.3 million (£31.4 million), up 26.5% YoY from $35.8 million (£24.8 million) in the year prior.

The company also registered a $13.9 million (£9.6 million) profit after tax, up from $6.6 million (£4.6 million) in the year prior.