As it continues to remake its management ranks in the UK and globally, Equiti Group’s London based FCA regulated unit Equiti Capital UK Ltd has announced that Michael Ayres is leaving the company.

As we reported last month, Equiti Capital hired former ADSS UK CEO Paul Webb as COO, effectively replacing Mr. Ayres. That followed the move of Equiti Capital CEO Brian Myers to Dubai to head the group’s growing offshore Seychelles and Africa business. Equiti also recently added former OANDA CMO Chantelle Johnson to be its Group CMO, as was exclusively reported here by FNG.

Michael Ayres joined Equiti Capital in 2018 as Chief Operating Officer and has been a UK Board member since 2019. He also sat on the Board of Algorithmic Laboratories, an AI powered risk management entity within the Group. Mr. Ayres was also a member of the Group Executive Committee, frequently contributing to wider group projects and initiatives.

Iskandar Najjar, Equiti Group Chief Executive Officer, said:

“We are extremely grateful to Michael for all the years he has been with Equiti. He has been instrumental in building the foundations of the company and putting it on the right course for our next phase of growth and expansion. We wish him the best of luck with his next challenge and have no doubt he will accomplish big things in the coming future.”

Michael Ayres, commented:

“It has been a privilege to be part of the Equiti Group’s global growth over the past 3 years and to see the company progress from strength to strength. I want to thank every single member of staff, past and present, as it’s been a combined effort to get to where we are today.”