Equiti Capital appoints CFO Sheetal Chouhan to board of directors

Rick Steves

Equiti Capital has benefited from her strong expertise in regulatory reporting, financial planning, and forecasting for the past three years.

Equiti Capital, the UK FCA-regulated subsidiary of Equiti Group, has appointed its Chief Financial Officer, Sheetal Chouhan, to its Board of Directors

The appointment has immediate effect. Ms. Chouhan has been approved by the UK’s Financial Conduct Authority (FCA) as an SMF 3, which authorizes her to act as an executive director.

Nigel Holmes, interim CEO of Equiti Capital UK Ltd, said: “We welcome Sheetal to the Board of Equiti Capital UK Ltd. She has been a respected contributor to the company over the past three years in her capacity as CFO. Sheetal’s in-depth experience in financial reporting and knowledge of financial regulatory requirements will ensure she becomes a valued member of the Board.

Sheetal Chouhan, who joined Equiti Capital as interim Chief Financial Officer in October 2018, took over the full-time CFO role in March 2019. Equiti Capital has benefited from her strong expertise in regulatory reporting, financial planning, and forecasting for the past three years.

Ms. Chouhan has over 15 years of experience in the financial services industry and brokerage businesses and is a member of the UK’s Chartered Institute of Management Accountants (CIMA) since February 2010.

Prior to Equiti Capital, Ms. Chouhan worked at other London-based trading firms, including Alpari UK where she spent more than four years as a Financial Controller, and RBS where she was a Business Analyst.

Equiti Capital has become exclusively focused in the institutional side of the FX business, offering brokerage margin accounts, FX & CFD liquidity, API connectivity, matching engine, and multiple trading platforms.

The firm has recently reported profit growth of 209% in 2020, a year marked by extreme volatility. The firm stated the increase in revenues and profitability can be attributed to strong risk management and controls, good governance, and systems in place.

The FCA-regulated subsidiary of Equiti Group has recently received a $10 million cash injection from its parent company to fund strategic initiatives.

Equiti Capital has been announcing a series of top executive moves that includes the appointment of Nigel Holmes as the interim CEO to replace Brian Myers, who was appointed to lead the Seychelles-based subsidiary, Equiti Brokerage, as well as Equiti’s Africa operation. Mr. Holmes has been a director and board member of Equiti Capital (UK) since March 2018.

In late July, the institutional prime brokerage arm of Equiti Group hired Paul Webb as the Chief Operating Officer to replace Michael Ayres, who left the company after four years

Read this next

Institutional FX

CLS FX volume continues downward trend in August

Total daily traded volume submitted to CLS for settlement took yet another step back in August.

Digital Assets

Huobi taps AstroPay to facilitate fiat-to-crypto payment in Latin America

Huobi, the world’s sixth-largest crypto exchange by trading volume, has recently partnered with payment solution provider AstroPay to launch local currency account deposits and withdrawals in Latin America.

Digital Assets

Crypto exchange FTX to raise $1 billion at flat valuation of $32 billion

FTX is reportedly in discussions with a clutch of heavyweights from traditional finance to raise up to $1 billion in fresh funding to fuel more deal-making.

Digital Assets

Revolut US launches trading on Avalanche, Solana, and Dogecoin

British fintech and banking firm Revolut has further expanded its cryptocurrency offering in the US with the addition of 29 new tokens.

Digital Assets

Bahrain greenlights eazyPay to launch Binance Pay

The Central Bank of Bahrain has blessed a new partnership inked by Binance with Eazy Financial Services ‘eazyPay’, a local POS and online payment service provider. The greenlight enables EazyPayto to launch Bitcoin and cryptocurrency payments in the region.

Digital Assets

Coinbase approved to offer crypto for Dutch users

Nasdaq-listed crypto exchange operator Coinbase has been handed regulatory approval to operate as a crypto service provider in the Netherlands.

Metaverse Gaming NFT

AC Milan partners with Solana-based NFT football game MonkeyLeague

“Partnering with champions like AC Milan, an absolute iconic Club throughout footballs history, is another testament to what we are building and where we are headed as a game and game studio. It also represents a key step in our plans to bridge the Web2 and Web3 worlds.”

Digital Assets

Shariah-compliant Islamic Coin to support SDG-compliant ventures, green projects, and philanthropy

Shariah-compliant Islamic Coin has recently launched a collaboration with the World Green Growth Organization and the International Youth Conference 6, taking place on September 22-25th and September 30th-October 1st, 2022, in New York. 

Market News

Week ahead: US core PCE and eurozone CPI 

We heard from a range of central banks last week and the update sparked big moves in the markets, and the bulk of the volatility was in currencies.

<