Further to our exclusive report from yesterday that Paul Webb had left his longtime position as CEO of ADSS UK, Equiti Capital has announced the appointment of Mr. Webb as its new Chief Operating Officer. His responsibilities will include leading Equiti’s front office trading activities.

The move comes after a recent management shuffle at Equiti, which saw Equiti Capital CEO Brian Myers move from London to Dubai to head the company’s growing offshore Seychelles and Africa business.

Paul Webb has over 20 years’ experience in the FX and CFD space, having worked in the UK and the Middle East in various senior leadership and front office roles. He has significant experience across multiple asset classes, in managing market risk as well as revenue generation and has developed global product ranges and risk management strategies.

Iskandar Najjar, Equiti Group CEO and Equiti Capital UK Director, said:

“We are very pleased to have Paul join the executive leadership team of Equiti Capital UK in the critical role of Chief Operating Officer as well as leading Equiti Group’s front office trading activities. Paul brings extensive industry experience and proven excellence in risk management and operational leadership at global brokerages.

“We extend our sincere thanks to Michael Ayres who has performed this role so successfully over the last three years and established a resilient and successful trading team for Equiti.”

The company said that a handover period between Michael Ayres and Paul Webb will be completed by 24 August, which will lead to a further announcement to be made relating to Michael Ayres’ next opportunity.

Paul Webb, Chief Operating Officer of Equiti Capital UK, said

“I have been very impressed by the prevalent positivity and enthusiasm in the company and am very much looking forward to being part of Equiti’s growth.

“This is an exciting time to be joining Equiti Capital with its solid performance over the past 3 years, and the Group’s global growth plans to launch innovative new offerings, secure new regulatory licences, and expand into new markets.”

Equiti Group Ltd is the parent company of some of the most progressive FX and CFD brands and prime brokerage providers in the industry. With over 350 global staff and 24/6 customer service, Equiti provides clients with access to individual, corporate and institutional brokerage services across various affiliates and subsidiaries. Equiti Group’s global footprint includes local offices in Europe, the Middle East, the Americas, Africa, and the Asia Pacific regions and provides trading support and services on the world’s leading trading platforms MT4 and MT5.

Regulated entities within Equiti Group include Equiti Capital UK Ltd regulated by the UK’s Financial Conduct Authority, Equiti Group Limited Jordan, regulated and licensed by the Jordan Securities Commission, EGM Futures DMCC, regulated and licensed by UAE’s Security and Commodities Authority, EGM Securities regulated and licensed by Kenya’s Capital Markets Authority, Equiti Brokerage (Seychelles) regulated and licensed by the Seychelles Financial Services Authority and Equiti AM, regulated and licensed by the Central Bank of Armenia.