Exclusive: Alex Mackinnon out as General Manager of FX broker AxiTrader and head of AxiPrime

AxiTrader website

LeapRate Exclusive… LeapRate has learned that longtime FX industry executive Alex Mackinnon has left his job as General Manager of Australia based Retail Forex broker AxiTrader.

Alex Mackinnon

Alex Mackinnon

AxiTrader went outside its ranks (and its home continent) to hire Alex Mackinnon as General Manager in 2013, replacing Quinn Perrott. He had previously been Head of FX Prime Services at Intl FCStone in London, and Head of Trading at ODL Securities.

However when AxiTrader founder Goran Drapac decided to take a step back from active management of the business last year, instead of promoting Mr. Mackinnon AxiTrader again went outside and hired former Oanda Head of APAC Rajesh Yohannan.

Mr. Mackinnon retained his General Manager title, but effectively he was put in charge of growing the company’s AxiPrime institutional Prime of Prime offering. Mr. Yohannan continued to make a number of senior management changes during his first year at the helm of AxiTrader and its parent company AxiCorp. Recent hires include:

And it will be Gavin Ward, who had worked for Rajesh Yohannan at Oanda, who will be taking over as head of AxiTrader’s institutional business, including AxiPrime.

Rajesh Yohannan AxiTrader CEO

Rajesh Yohannan, AxiCorp CEO

Mr. Yohannan provided the following exclusive comment to LeapRate about the changes:

AxiCorp have confirmed that Alex Mackinnon is leaving the company. Alex has played an important role in the growth of AxiTrader as the former General Manager, Head of the Institutional Business and as a Member of the Executive Committee. AxiCorp is grateful to him for his contributions and for the wide range of skills and experience that he brought to the table. Alex will continue to be a shareholder of AxiCorp and we wish Alex the very best for the next stage in his career.

With Alex’s departure, Gavin Ward will head our Institutional Business as we continue our impressive growth within this segment. With over 10 year’s experience in the industry, Gavin brings with him a wealth of Institutional and retail experience working with companies such as CMC Markets where he held several Executive level roles, including Head Of Asia Pacific and, more recently, at Oanda as Head of Greater China.

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