FNG Exclusive… FNG has learned that Lee Holmes, Global CEO of Retail FX and CFDs broker INFINOX, has stepped down from his role – but not from the overall group.

Lee will be returning to his previous role at the company, heading INFINOX’s institutional services arm, IXO Prime.

Lee Holmes previously headed the IXO Prime operation, and was named CEO of INFINOX last year following the departure of then-CEO Jay Mawji, who is now running STARprime. Apparently a mutual decision has been made between Lee and the company’s ownership, led by Marc Joppeck who acquired control of INFINOX in 2024, to have Lee return to focus on IXO Prime.

As part of the changes, Lee has stepped down from the board of INFINOX Capital Ltd, the group’s FCA regulated UK arm, which is now run day-to-day by Managing Director Jana Zdravecka.

As far as a replacement CEO at INFINOX goes, we understand that, for the time being, that chair will remain vacant as the ownership group examines different alternatives, including an internal promotion, an external hire, as well as a lateral transfer from a possible future acquisition. The INFINOX ownership group acquired CFDs broker Skilling late last year, and has been open about looking at other potential acquisitions in the sector. (Skilling continues to operate independently under its own brand and management team, led by CEO George Kyriakoudes).

FNG spoke with an official INFINOX spokesperson, who said,

“Lee Holmes remains with INFINOX and continues to play a senior role in the wider global business, with his core focus on IXO Prime, our institutional business.

“His stepping down from the board of INFINOX Capital Ltd, and from the associated SMF3 position, is a structural change relating to the UK FCA-regulated entity. It does not change his continued role with INFINOX.

“As the INFINOX Group continues to evolve, we are aligning senior responsibilities with the areas of the business where we see long-term opportunity, including the continued development of IXO Prime.”