Retail Forex broker Alpari just announced that Vladimir Verbitskiy has been named to the post of Chief Executive Officer at the international financial Alpari brand.
Verbitskiy previously worked as a business advisor to the brand’s owner; Andrey Dashin, and held the position of an independent director in the company. In his new role, he will be responsible for strategic development as well as the day-to-day running of operations.
The top priorities will be formulating an effective development strategy across key markets, introducing innovative technologies to the field of online trading, streamlining the company’s management processes, and continuing the growth of key performance indicators. Vladimir Verbitskiy is replacing Boris Shilov, who has held the position since 2002.
In addition to this, Olga Rybalkina, CEO of FXTM, Andrey Dashin’s other company, is now a minority shareholder in both Alpari and FXTM. Her involvement in the management process is aimed at increasing the efficiency of making business decisions, facilitating growth in competitiveness, and the constant strengthening of the positions across international markets of two independent global brand’s – Alpari and FXTM.
Andrey Dashin, owner of Alpari and FXTM, commented:
This decision was taken with the successful international development of both of my companies in mind. Today, Alpari is showing strong, steady growth and is expanding effectively. For example, the brand’s trading turnover grew by 45% in the first quarter of 2018 to top 429bn USD. On the back of an influx of new clients, Alpari’s global market development strategy is increasingly focused on working in highly competitive areas.
These progressive changes to the company’s management will strengthen Alpari’s and FXTM’s management structure, improve coordination, and have a positive effect on day-to-day operations.