A filing with the UK Companies House reveals that one of the senior executives of GMI UK left the company. John Taylor, who has been serving as Chief Operating Officer of the firm since January last year and CFO is leaving the brokerage company to pursue a brand new opportunity outside of the industry.
Commenting to Finance Magnates the CEO of GMI UK, Ashraf Ebid said: “We really appreciated John Taylor’s dedicated service and we wish him the best of luck with his new career endeavors.
He is a friend and will continue to help us as a consultant on special projects.”
FX Industry Career
Before joining GMI UK, John Taylor was the Chief Financial Officer of Exness UK. Being instrumental for the establishment of the FCA-regulated subsidiary of the firm, he left the company after three years to join GMI UK’s team.
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Taylor’s move away from the FX industry coincides with a consolidation phase in the industry. GMI UK has been one of the companies that stood out from the pack last year, growing its revenues three times over the 16-month period between September 2017 and December 31st 2018.
During Taylor’s tenure at the company the firm’s revenues steadily increased reaching £1.4 million at the end of last year.
GMI UK Growth Plans
Looking ahead to 2019, GMI UK will be increasing its capital base and will continue to hire strong and well-renowned sales staff, a previous filing of the broker with the UK Companies House stated.
As outlined in the statement, the broker expects increased revenue to come from four core areas – market-leading liquidity for institutional investors, an increased focus on professional traders, continued partnership with its sister company Finstek and diversification in the firm’s geographical reach.