Alpari making changes after volumes drop 40%

New management in the UK and the US for Alpari.

Retail 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.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

 

Read Also:

LeapRate is an independent research and advisory firm, specialized in covering the world of Forex trading. We are followed by hundreds of thousands of traders, investors and other FX industry participants via our website, Facebook, Twitter, LinkedIn, RSS and Email Newsletter. Copyright © All rights reserved Finaffiliates Limited Website:
https://finaffiliates.com CEO: Jason Hopgood Company number: 14540579 VAT identification number: GB 431522433

Location: Finaffiliates Limited, Lawrence House, 5 St. Andrews Hill, Norwich NR2 1AD, United Kingdom
Email: [email protected]

SUBSCRIBE TO OUR NEWSLETTER

IMPORTANT DISCLAIMERS

Foreign exchange trading comes with high level of risk. Before investing in foreign exchange, carefully consider your level of experience and risk appetite. CFDs are complex instruments and bring high risk of losing money because of the leverage they provide. No information or opinion contained on this site should be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. Past performance should not be considered evidence or guarantee for future performance. Between 74 and 89% of retail investors accounts lose money.