Admiral Markets Group, which recently rebranded to Admirals, has appointed Victor Gherbovet as its Co-Chief Executive Officer, replacing Jens Chrzanowski from the apex position.

Gherbovet is a long-term employee of Admiral Markets, spending almost the last 13 years in several roles within the group. He joined the broker as the Director of its Romanian branch in 2008 and later became the ESEU General Manager.

Along with his new Co-Chief Executive role, Gherbovet will continue to sit on the Management Board of Estonia-based Admiral Markets Group AS, the company confirmed to Finance Magnates. Chrzanowski will also continue his position on the board.

An Eventful Year for Admirals

The change in the management came when Admiral Markets markets rebranded itself to Admirals earlier this month. Furthermore, the broker made headlines recently as its 2020 yearly profits jumped 340 percent because of the retail trading rush.

“Just as we celebrated an important landmark with rebranding to Admirals, we are constantly moving forward. We want to expand our success story and disrupt the FinTech world,” Gherbovet said in a statement shared with Finance Magnates. “I am happy to be in a new position, sharing my learnings from the years I have been part of the Admirals. It comes with great responsibility and honor to support Admirals on its voyage.”

Gherbovet, in his early career, was the Key Account Manager at Asito Kapital between September of 2006 and May 2008. Before this, he was a Credit Officer at EXIMBANK-Gruppo Veneto Banca, his LinkedIn shows, joining in February of 2005. 

Sergei Bogatenkov, Chairman and Co-CEO at Admiral Markets, added: “We have a record number of clients with us. We have opened ourselves to new regions and have expanded our offerings and services also to a beginners segment. We have a very straight-forward vision for 2030- to provide financial freedom to 10 million people all around the world. Jens has been a key person helping to reach our goals while maintaining our position as a quality leader in the sector,”

“Now Jens passes his role as a Co-CEO to Victor. We have ambitious plans ahead of us. I am happy to be on the journey with such an outstanding team to reach our goals.”