Alex Iakobachvili parts ways with B2Broker to join GCEX

abdelaziz Fathi

GCEX, a digital asset and FX technology platform for institutional and professional clients, has appointed Alex Iakobachvili to the role of Vice President of Business Development.

Alex Iakobachvili

The institutional FX veteran leaves a short stint of five months at B2B Prime Services UK Ltd, part of broker technology provider B2Broker. While there, he was executive director at the forex prime broker.

Prior to B2Broker, Iakobachvili joined Price Markets as a chief operating officer (COO) back in 2019, barely two months after he left his position at CEO of Global Markets Group (GMG). He was then promoted to take on the role of its Chief Executive Officer. He took over from the company’s former CEO and founder, Alexander Talei, who sold his stake in the FCA-regulated PoP provider.

Before GMI, Iakobachvili was Vice President of CFH Clearing Limited, where he worked for almost eight years. He also served in a variety of prime brokerage and sales roles, including a short stint at London Capital Group for just under a year.

Other stops include senior positions at Thomson Reuters (FX ALL) as Director of Bank Sales, and at IDEAglobal, where he was Senior Account Manager. Earlier in his career, Iakobachvili joined Targetpoint Limited in 1995 as its director, a position he held for two years.

Iakobachvili attended the City University of London between 1994 and 1995 where he was studying under the Royal Society Kapitza Fellowship. He will remain based out of London where he spent the bulk of his three-decade career.

GCEX was established in 2018 in order to cater to demand for regulated exposure to the crypto market. The company leverages its UK authorization to provide funds, brokers, asset managers, professional traders, and banks with compliant Fintech products, including AI applications. The offering also enables clients to automate on-boarding, offer and trade digital assets and forex with deep liquidity from top banks, as well as solutions for clearing.

GCEX (GC Exchange Limited) has four locations worldwide including Malaysia, Scotland, Denmark, and London, where it is headquartered. Its office in Copenhagen, which opened in September 2021, already has a team of six people.

Read this next

Digital Assets

Voyager issues notice of default to recover $660M from Three Arrows Capital

The clock is now ticking for the crypto hedge fund Three Arrows Capital (3AC) to present a plan to meets its financial obligations towards digital asset brokerage platform Voyager Digital.

Digital Assets

GEM commits $200 million capital to CeDeFi exchange Unizen

CeDeFi exchange Unizen announced that it has received a $200 million capital commitment from a new strategic partner, Global Emerging Markets (GEM).

Digital Assets

Ripple opens office in Canada as looking for new HQ in the works

Ripple, the San Francisco-based fintech company, continues to consider alternative locations for its business amid ongoing regulatory woes in the US over its cryptocurrency.

Digital Assets

Goldman Sachs wants to snap up Celsius assets at big discount

Goldman Sachs is reportedly looking to secure $2 billion in funding to buy up distressed assets from Celsius in the event that the troubled crypto lender goes bankrupt.

Institutional FX, Interviews

iFX EXPO International 2022: What is a Prime of Prime?

We explore established Prime of Primes with qualified and accessible liquidity.

Crypto Insider

What is a Cryptocurrency Crime, and How Does it Affect Trading?

Cryptocurrency crime is as sinister and upsetting as most financial crimes. The crimes that are perpetrated range from ordinary theft of cryptocurrency to money laundering and market to market fraud. Investors and consumers are subject to phishing and scams, where they are instructed to send cryptocurrency to a specific location for ransom. Like all financial […]

Crypto Insider

As Bitcoin’s Ecosystem Expands, The Floodgates Open Up For Investors

It’s the year 2045 and Bitcoin has emerged as the world’s reserve currency and the most common store of value. The price of BTC is stable at around $33 million per coin and it’s widely accepted across the planet for everyday goods and services.

Digital Assets

Bybit launches crypto options settled in USDC stablecoin

Cryptocurrency exchange Bybit now offers put and call options contracts settled in USD Coin (USDC), a major stablecoin pegged to the US dollar.

Digital Assets, Industry News

Colendi acquires blockchain specialist SETL

Turkey-headquartered embedded fintech services platform Colendi has acquired London-based blockchain settlements and payments provider SETL.

<