FNG Exclusive… FNG has learned that Capital.com UK Managing Director Guilhem Tranchant has left the company, less than a year after joining Capital.com from CMC Markets. The app-trading focused Retail FX and CFDs broker had recruited Guilhem Tranchant to replace Ivan Gowan as head of Capital.com UK – Mr. Gowan, a longtime IG Group executive, joined as UK CEO in 2018 but left in May 2020.

We understand that Mr. Tranchant’s position simply didn’t work out logistically, as he is based in Paris and had planned to frequently commute to London for Capital.com, but the the extended COVID-19 pandemic and its resulting travel restrictions put that plan to rest.

As noted above, before joining Capital.com Guilhem Tranchant spent six years with CMC Markets, based in Paris, serving as the UK online trading company’s Head of France since 2015.

We understand that Mr. Tranchant has accepted a position with financial services and information giant S&P Global, where he will continue to be based in France and focus on institutional sales.

Capital.com recruited former Exness Chief Digital Officer Jon Squires to be CEO of the group’s operations out of Cyprus in early 2020. The company had set up its UK operation in 2017, and received its FCA license at the end of 2018. In its first full year of operation (2019) Capital.com UK brought in £160K of Revenue and posted a loss of £783K, but that was not unexpected with 2019 planned to be a year of setup and initial launch for Capital.com UK. Capital.com is backed by investors such as Said Gutseriev, CEO of the oil holding company ForteInvest JSC, and British tech entrepreneur Victor Prokopenya.