FNG Exclusive… FNG has learned that Exinity Group, the umbrella group for serial Retail FX entrepreneur Andrey Dashin’s brands, has made a number of management changes which include the departure of two long term senior Alpari / FXTM / Exinity executives. And, the promotion of other executives.

First to the promotions…

Lex Webster, who joined FXTM/Exinity as Chief Commercial Officer in 2018 after serving in senior business development roles at Gain Capital and at LMAX, was promoted to co-CEO of Exinity Group alongside Olga Rybalkina. In this new role Lex will lead commercial, technology, customer and program management areas of the business, while Olga will focus on Finance, Operations, HR, Legal and Compliance.

Nicholas Defteras, formerly Chief Administrative Officer, assumes the role of Chief Operating Officer (COO), reporting to Olga. Nicholas will be leading a number of areas of the company including Finance.

After almost a decade working for the group and its brands both George Kyriakoudes (CFO) and Valeriya Kolesnik (COO) are leaving the company. Exinity said that they each decided that they would like to prioritize spending time with their young families.

Exinity was formally launched in June 2020, as an umbrella group comprising the various retail businesses owned by Andrey Dashin including Alpari International, ForexTime (FXTM), money transfer service AcruPay, as well as a soon-to-be-launched new retail offering under the Exinity name. We understand that the company is planning the launch of its first Exinity branded offering in the Middle East.