Leverate Parts Ways with APAC General Manager Andy Zhang

A replacement has not yet been named.

The general manager of Leverate APAC is leaving the company.

Andy Zhang, who worked in Shanghai, is stepping down from his role ” to pursue a new path in his life,” according to a company announcement which does not detail a replacement.

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Andy Zhang
Source: Leverate

FX specialist Zhang joined brokerage technology provider Leverate in April 2015 when he was hired by co-founder Itai Damti. He was the first Leverate employee in China and played an essential part in the company’s expansion in Asia.

According to his LinkedIn page, Zhang was General Manager of Leverate China from June 2016 until October 2017 when he was promoted to General Manager of the APAC region.

Vast industry experience

Before joining Leverate in April 2015, he was Country Director in China for MTrading, Sales Director at UFX.com and senior sales manager at IFX Markets.

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He has a degree in financial engineering from Anhui University Of Finance and Economics, which is situated in the Anhui Sheng region of China.

Zhang said: “It’s very hard for me to make this decision, but I know I need to take this step and go forward to my next challenge.”

Leverate CEO Yasha Polyakov said: “Andy was a great person to work with. I wish him all the best in his new ventures. The APAC region is now in the capable hands of the outstanding management team that was built during the past few years, and they will continue to provide excellent services to all of their clients, present and future.”

We last reported on Leverate in April when it partnered with TradeFred, the foreign exchange and contracts-for-difference trading arm of betting company BetFred. It is licensed by CySEC in Europe and ASIC in Australia.

Under the terms of the deal, TradeFred will use Leverate’s trading platform which includes Optim8, a marketing automation, and business intelligence tool.

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