Equiti Capital appoints CFO Sheetal Chouhan to board of directors

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