The head of sales at VIBHS Financial has left the FCA-regulated brokerage after more than four years. Lee Holmes, who joined from FXCM in 2015 as VIBHS sought to strengthen its business after expanding from Mauritius, left his post in London earlier this month. He confirmed the news to Finance Magnates but didn’t reveal his next destination.
Back in 2014, Mauritius-based FX and CFD firm VIBHS Financials obtained its Financial Conduct Authority (FCA) license and established its operations in London. The firm was established a year earlier and offers an array of products for retail and professional traders.
The UK subsidiary of the company, which also offers spread betting for the UK market, is led by Angus Irvine as CEO.
Holmes originally joined VIBHS in April 2015 as head of the sales, and then was promoted to take the expanded position of Director Sales and Operations in November 2017. He was recruited at a time of expansion for the company’s sales functions.
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Lee also worked at FXCM
VIBHS has a solid presence in China, among other emerging markets. In tandem with other market participants, the weight of revenues from outside of the EU started playing a more significant role in the aftermath of the new regulatory framework in Europe.
The company is also offering to its customers an algo-trading platform that enables traders to build their own systems without coding skills called Torch, and the Swan platform from Star Financials.
Prior to VIBHS, which also has a regulated subsidiary in Mauritius, Lee worked with global FX broker FXCM for more than five years.
During his tenure with FXCM, he was involved with institutional sales, introducing brokers partnerships and white labels. His responsibilities also included all aspects of FX, CFD, Spread Betting, equity, and commodity trading, his LinkedIn profile shows.