Alpari UK change at the top – David Hodge replaces Daniel Skowronski as CEO

Skowronski had recently been promoted internally and moved from the US to head Alpari’s non-Russia businesses out of London.

We’re sure there’s more to this than initially meets the eye, but here is the text of Alpari’s press release made today, on the resignation of Alpari UK CEO Daniel Skowronski, and his replacement by CMO/COO David Hodge. Hodge has been with Alpari about two and a half years, joining in 2011 from IG, where he was Group Marketing Director.

Skowronski’s departure does not seem performance based — in his tenure as Alpari UK CEO volumes have appreciated nicely (see chart below). Alpari’s 2012 non-Russia/CIS volumes averaged $90 billion per month, while this year they were typically in the $110-140 billion range.

And Skowronski steered Alpari through this period at a time when Alpari subsidiary Alpari Cyprus basically up and left to form ForexTime.

We’ll share more as we learn what really happened. In the interim, below is the press release text. Stay tuned to LeapRate…


Alpari (UK) Ltd appoints David Hodge as new Chief Executive Officer

New CEO brings a wealth of strategic, commercial and operational experience in the online and financial sectors

London, Wednesday 13 November 2013. Alpari (UK) Ltd, one of the leading providers of online foreign exchange trading, has today announced the appointment of a new Chief Executive Officer, David Hodge, subject to FCA approval. The appointment signals a return to a renewed focus on the core retail FX product.

David, who joined the business two years ago as Chief Marketing Officer before being promoted to Chief Operating Officer, has a wealth of strategic, commercial and operational experience in both the online and financial sectors.

Andrey Dashin, founder and major shareholder of Alpari (UK) Ltd, commented: “This promotion recognises the enormous contribution that David has already made to Alpari. He has a strong track record of delivering transformational change across the business and has the strategic vision, commercial experience and leadership skills that are essential to drive the business forward and improve earnings growth.”

Andrey Vedikhin, founder and major shareholder of Alpari (UK) Ltd, added: “I am really pleased that David has accepted the opportunity to lead Alpari UK. He is an excellent operator with a very clear strategic plan and a number of exciting ideas that I am very supportive of.”

David commented: “I am really excited about the challenge to lead the excellent team that we have at Alpari UK to grow the business further. There will be increased focus on enhancing our core FX product to provide a best in-class trading environment for our clients and prospects.”

David succeeds former CEO, Daniel Skowronski who resigned from his position this week. Andrey Vedikhin said; “I would like to thank Daniel for his contribution to the business over the last three years and wish him all the best in his future endeavours.”

David started his career working in various marketing roles for blue-chip global businesses Wilkinson Sword, Cadbury and Scottish Courage. He then moved to the start-up, low-cost airline bmibaby where he was the Commercial Director overseeing marketing, sales, e-commerce, revenue management and network planning, before joining IG Group as Group Marketing Director in 2008. He joined Alpari (UK) Ltd in October 2011.

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