Konstantin Rashap and Yaroslav Karpovich have fully exited the RoboMarkets group, withdrawing from projects previously associated with the company in the post-Soviet market. They also sold their shares in several joint projects to the main shareholder, RFG Holding, according to Finance Magnates RU. The financial terms of the transactions were not disclosed.

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The moves follow a restructuring announced by RoboMarkets in 2024. The group said it would refocus on serving stock investors, citing market conditions. Under the plan, its BaFin-regulated German entity will handle European retail clients and offer only stocks, bonds, and ETFs. The CySEC-regulated Cyprus unit will shift to institutional clients.

Rashap Resigns Chief Business Officer Role

Rashap stepped down from his role as Chief Business Officer at RoboMarkets Ltd, the group’s CySEC -regulated Cypriot entity.

Rashap has been active in financial markets since 2000, starting as a day trader in US and European stocks and futures. Between 2008 and 2013, he worked as an analyst and later chief analyst at Admiral Markets, now branded as Admirals. He joined the Robo group, which operates the RoboMarkets and RoboForex brands, in 2015. Rashap is a Lithuanian national and has lived in Cyprus since 2020.

Executives Build RoboMarkets Brand Across Europe

Karpovich, also from Lithuania, holds a master’s degree in information technology from Vilnius Gediminas Technical University. He began his career at Admirals in 2010, where he first worked with Rashap.

The two joined Robo group in 2015 and contributed to the company’s regional expansion and media presence. The RoboMarkets brand grew in Europe through business development efforts, including sponsorships of Lithuanian football club Žalgiris in 2018 and German club Eintracht Frankfurt.

According to Finance Magnates RU, licenses, agency networks, and brand promotion in Europe were developed over more than a decade by the broader management team.

Rashap Explains Decision Following Governance Disagreement

Rashap provided a brief comment to Finance Magnates RU, saying, “They did not agree with characters,” adding that this is “a joke.” In a longer statement, he said he did not want to diminish past work.

“I do not want and will not devalue what has been done and what we built together,” he said. He added that the decision followed a divergence in views, stating, “Our views, views and vision of the situation of governance and development with the majority beneficiary of business have dispersed.”

Rashap described the decision as professional, noting, “When you’re a professional, you don’t agree with what’s going on and you don’t see ways to change something – you’re out.”