FNG Exclusive… FNG has learned that longtime director Marios Demetriades has stepped off the Board of Directors of Cyprus based Retail FX and CFDs broker FxPro. He has also resigned from the various boards of several FxPro group companies, including FxPro’s FCA licensed entity in the UK, FxPro UK Limited.

Marios Demetriades had been on the boards of the FxPro group of companies since 2018, serving as Chairman and Member of the Audit and Risk and Compliance Committees for the company. We understand that his decision was based on personal reasons.

Marios Demetriades was a senior manager at Piraeus Bank Cyprus before being named as Cyprus’ Minister of Transport, Communications and Works in 2014, a role he filled for four years. Since 2018, Marios has served as a Director on several corporate boards (including FxPro), and has also invested with various partners in both traditional SMEs and technology startups.

FxPro is one of the “original” Cyprus based online brokers, founded in 2002. The company is controlled by Denis Sukhotin.