Nicholas Cooke Parts Ways with UK Broker GMG After 3 Years

FCA-regulated brokerage firm Global Markets Group (GMG) continues to undergo major changes to its senior leadership, this time parting ways with its managing director Nicholas Cooke, according to a regulatory filing with Companies House.

The departure of Cooke, who served with the London-based broker for nearly four years, comes barely two months after the instalment of Alex Iakobachvili as the company’s CEO.

Cooke, whose career in finance spans more than 11 years, originally joined GMG back in 2015. Before that, he worked for six years at FXCM, where he oversaw the company’s retail and institutional sales in Australia.

Cooke’s other roles with FXCM included managing the book of retail and HNW individual clients at FXCM US. From 2011 to 2013, he was responsible for FX and CFD sales, working in Sydney. He also held equity and sales roles at SMB-Capital, according to his LinkedIn profile.

GMG brings in a new CEO

GMG hired Alex Lakobachvili, the former VP of sales at Global Market Index Limited (GMI), to head up its operations in August.

Lakobachvili, who has worked in a variety of prime brokerage sales roles since 1978, also joined the firm's management board, and works in London. Before GMI, he was Vice President of CFH Clearing Limited, where he worked for almost eight years.

Between March 2010 and December 2012 Iakobachvili worked at Squared Financial Services Ltd, based in Dublin.

Iakobachvili also worked in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term institutional sales at London Capital Group for just under a year. He held senior positions at Thomson Reuters, where he was Director of Bank Sales, and at IDEAglobal, where he was Senior Account Manager. Back in 1995, he was also Director of Targetpoint Limited for two years.