Equiti Capital hires Paul Webb as COO as broker rearranges top roles

Rick Steves

The current COO and Board Member Michael Ayres will hand over the position to Paul Webb by 24 August. Equiti will soon announce Mr. Ayres’ next challenge.

Equiti Capital has appointed Paul Webb as Chief Operating Officer, where he will be responsible for the FCA-regulated brokerage firm’s front office trading activities.

Paul Webb is an FX and CFD industry veteran with more than 20 years of experience including various senior leadership and front office positions in the United Kingdom and the Middle East. He developed global product ranges and risk management strategies throughout his career.

His multi-asset class experience, combined with expertise in risk management and revenue generation set Mr. Webb apart from most top candidates for the job.

Iskandar Najjar, Equiti Group CEO and Equiti Capital UK Director, said: “We are very pleased to have Paul join the executive leadership team of Equiti Capital UK in the critical role of Chief Operating Officer as well as leading Equiti Group’s front office trading activities. Paul brings extensive industry experience and proven excellence in risk management and operational leadership at global brokerages.

“We extend our sincere thanks to Michael Ayres who has performed this role so successfully over the last three years and established a resilient and successful trading team for Equiti.”

Paul Webb, Chief Operating Officer of Equiti Capital UK, commented: “I have been very impressed by the prevalent positivity and enthusiasm in the company and am very much looking forward to being part of Equiti’s growth.

“This is an exciting time to be joining Equiti Capital with its solid performance over the past 3 years, and the Group’s global growth plans to launch innovative new offerings, secure new regulatory licenses, and expand into new markets.”

The current COO and Board Member Michael Ayres will hand over the position to Paul Webb by 24 August. Equiti will soon announce Mr. Ayres’ next challenge.

Earlier this month, Equiti Capital chief executive Brian Myers was appointed to lead Seychelles-based subsidiary Equiti Brokerage as well as Equiti’s Africa operation.

The move puts an end to Mr. Myers’ leadership of the FCA-regulated broker after three years at the helm, while also holding a seat in the Board of Directors, including Executive Chairman from 2018 to 2020.

Nigel Holmes assumed the role of interim CEO for Equiti Capital (UK) in the face of Brian Myers’ departure. Mr. Holmes has been a director and board member of Equiti Capital (UK) since March 2018.

The departing COO, Michael Ayres, joined Equiti Capital at the same as Brian Myers – May 2018.

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