Alpari making changes after volumes drop 40%

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New management in the UK and the US for Alpari.

Alpari logoRetail FX broker Alpari has made some changes in its senior management ranks, as it has seen volumes fall by about 40% in 2012. The major changes include:

OUT - David Stuart, COO of Alpari UK in London, has left the company. Trading volumes in the UK and Europe have been especially slow, leading other online brokers to leave the country altogether, the most recent being E*Trade. [Ed. - See comment below]

UP - Jermaine Harmon, currently head of sales for Alpari's institutional arm QuantumFX, has been promoted to be CEO of Alpari USA.

OVER - Daniel Skowronski, who joined Alpari USA in 2010 from State Street's Currenex, has moved across the pond to become Alpari UK CEO. Skowronski takes the CEO title from Alpari co-founder Andrey Vedikhin, who will focus on strategic initiatives for the whole group of Alpari companies.

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Comments

  • Gerald Segal Tuesday, 27 November 2012

    David Stuart

    We were informed that David Stuart resigned from Alpari, unconnected to a reduction in trading volumes.

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