Exclusive: CFDs broker GMI relinquishes FCA license, CEO Zaid Alkhatib departs
The moves come as GMI is shutting down its entire retail brokerage operation worldwide.
The moves come as GMI is shutting down its entire retail brokerage operation worldwide.
George Kostidis had served as GMI’s Head of Operations out of the company’s Cyprus office since 2023.
In 2023 GMI UK operated at roughly breakeven, posting a modest £24K profit, versus £386K in 2022.
Chantelle Lea joins GMI from Cyprus based TIO Markets, where she was Senior Marketing Manager.
GMI UK has seen a near three-fold increase in activity so far in 2020, after adding a number of very large Asian institutional clients.
Chris Hossain-Nelson was recruited to GMI UK by CEO Ashraf Ebid in 2018, after spending nine years at FXCM in London.
Mr. Hossain-Nelson will continue to lead Client Relations and Mr. Alkhatib will lead Operations and Compliance.
FNG Exclusive… FNG has learned that FCA regulated FX and CFDs broker Global Market Index Limited (GMI UK) has hired Zaid […]