LeapRate Exclusive… LeapRate has learned that FCA regulated institutional FX broker Fixi plc has made a number of changes in its senior management ranks, including the appointment of a new CEO and a new CFO.
Fixi is controlled by Goran Drapac, also the founder and controlling shareholder of Australia based Retail FX broker AxiTrader.
Leaving Fixi plc is (now-former) CEO Steven Reeves, who had been with Fixi since 2015. Mr. Reeves had joined Fixi after serving as CFO of GKFX from 2013-2015, and as financial controller of the UK operation of Interactive Brokers Group, Inc. (NASDAQ:IBKR) from 2011-2013. He had also spent time in finance roles at ODL Securities and City Index.
Replacing Mr. Reeves as CEO of Fixi is Jason Gibson. Mr. Gibson has been COO of Fixi and Mr. Reeves’ #2 the past two years, in charge of the company’s core Europe and MENA businesses. He has been with the AxiTrader / Fixi group the past four years. Prior he was in senior management and trading roles at several FX firms including TradeNext, ETX Capital, GKFX and City Index.
Fixi also has hired Kieran Price as its new CFO. Mr. Price joins Fixi after having served as CFO the past three years at Divisa Capital’s UK arm.
As was also exclusively reported by LeapRate late last year, Fixi posted a loss of about £2 million in fiscal 2017 ahead of a planned expansion of services to the UK retail trading market. After acquiring control of the company from Carlos Sevilleja, Goran Drapac invested an additional £3 million into Fixi as the company broadened its product range and added new trading platforms to widen its appeal to a more diverse client base than it had under previous ownership.
Back to the naming of Jason Gibson as the new CEO, controlling shareholder Goran Drapac sent the following note out today to the company’s employees:
Today is an exciting day as we announce that Jason William Gibson will be taking the helm as the new CEO of FIXI.
Jason has been promoted from within. Previously as COO, he is now replacing Steve Reeves who has made the decision to move on from Fixi plc to other opportunities. I would personally like to thank Steve for his contribution to Fixi over the past 18 months and wish him every success in his future endeavours.
Jason will be responsible for re establishing FIXI as a dominant leader in the FX derivatives global markets, building on the solid foundation he and his team have already begun since joining Fixi mid last year. He has already commenced the journey within Fixi with the formation of Fixi’s retail offering, FixiMarkets.
Jason brings to the company a wealth of experience from within the FX derivatives marketplace that spans over 25 years. I have worked closely with him over many years and can bear witness to his skills as an accomplished leader combining a mix of inspiration, operational experience, technical breadth, and passion in support of both the business and its clients.
May I be the first to congratulate Jason on accepting this new challenge. I look to forward to many prosperous years ahead for Fixi with him as CEO as he grows the business with focus on exceptional client service and the delivery of a highly professional global product.
Please join me in welcoming Jason to the helm.