EQUITI

FXGate received authorisation in Labuan to be an FX and derivatives broker in January 2019.

The clone firm claims that Equiti Capital UK is part of the “mace group”.

According to the company, his departure was a mutual agreement.

The firm's locally regulated subsidiary, EGM Securities, will be running the brand

After reaching a planned milestone Tovmasyan is leaving the company

Ayres originally joined the company under the Divisa brand back in May 2018.

Turnover for the 12 months ended March 31, 2018, was £17.95 million.

The company's US and Armenian subsidiaries will also undergo name changes.

The ex-Credit Suisse COO has held a number of non-executive roles since leaving the Swiss firm in 2014

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The brokerage continues to build up its license portfolio at a key time for the industry

The company’s license from the Jordan Securities Commission was instrumental in the effort.

The company appears to be refocusing some effort on the institutional side of business with a new senior hire

The group is focusing on the wider Middle East region and commits to further expansion.

Mr. Lukasiewicz has parted amicably with Divisa Capital to pursue other interests.

Iskandar Najjar will take the directorship on an interim basis, while Tovmasyan focuses on a new project for 2018.

Schnuppe joins the company after spending several years at Newedge as Global Head of Brokerage.

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