Jay Mawji steps down as CEO of INFINOX
Retail FX and CFDs broker INFINOX has put out a statement (see full text below), indicating that CEO Jay Mawji is stepping down and transitioning into a Board Advisory role.
Jay Mawji has been with INFINOX in various senior roles for 15 years, and was named Group CEO last year following the departure of Robert Berkeley. We’d note that all these changes have been occurring in the aftermath of the sale of INFINOX late last year to an investor group led by former StoneX executive Marc Joppeck, as was exclusively reported at the time here at FNG.
The company did not immediately name a replacement for Jay Mawji in the CEO role. However we’d also note that INFINOX has recently brought on board two C-Suite level executives, in former OANDA and Alpari CEO Daniel Skowronski, and Lee Holmes, whose title is simply Executive Management.
FNG spoke with an official INFINOX company spokesperson, who said,
“INFINOX’s executive leadership team remains fully committed to ensuring a smooth transition. This transition has been long in the making and the new CEO – who we will announce when we can – is set to take the company forward into the new era in an exciting fashion.”
The full statement released today by INFINOX reads as follows.
INFINOX Announces Leadership Transition as Jay Mawji Assumes Board Advisory Role
Global, multi-regulated online FX and CFD brokerage, INFINOX Capital Ltd (INFINOX) has today announced a leadership transition as Jay Mawji will transition from his role as the Chief Executive Officer of INFINOX, after 15 years of dedicated service, into a Board Advisory role; where he will focus on providing strategic guidance and working with key stakeholders and commercial relationships.
Reflecting on his tenure, Jay stated:
“Leading INFINOX has been an extraordinary privilege. Over the past 15 years, I have had the honor of working alongside some of the most talented professionals in the industry. Together, we have achieved significant milestones and navigated challenges that have strengthened the firm. As I transition into an advisory role, I remain committed to supporting INFINOX’s strategic objectives and ensuring its continued success.”
Lee Holmes, representing INFINOX’s Executive Management, acknowledged Jay’s contributions, saying:
“Jay has played a pivotal role in shaping INFINOX into the respected global brokerage it is today. His leadership has laid a strong foundation, and as we move forward, we remain committed to the company’s core values of integrity, ambition, excellence, and innovation. We are grateful that Jay will continue to provide his expertise as an advisor and look forward to the next phase of growth and opportunity.”
INFINOX remains dedicated to delivering the highest standards of service to its clients and partners worldwide. This transition marks an evolution in leadership, reinforcing the company’s ongoing commitment to innovation and excellence in the global financial markets.
About INFINOX
INFINOX is a market-leading, multi-regulated online brokerage, providing clients with access to a wide range of CFD trading opportunities. Founded in 2009, the firm is built on strong partnerships and a commitment to world-class service.