Alex Iakobachvili parts ways with B2Broker to join GCEX
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.
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.
