Libertex elevates Andrew Nikolaev to COO

abdelaziz Fathi

FX broker Libertex Group has promoted its long-serving exec Andrew Nikolaev to take on an expanded role as its newest Chief Operating Officer (COO).

Nikolaev has stepped into his new role this month, roughly 10 years after he joined the firm as head of the customer service department, according to information made public on his LinkedIn profile. He has been with Libertex since 2013, having originally joined the group’s Forex Club.

Andrew was elevated to a business development manager in 2016. A six-year tenure as a general manager for the company’s operations in Europe took his career between November 2017 and May 2023.

“Among his many qualities, Andrew is distinguished for his extremely high degree of stress resistance as he always remains composed, focused and constructive. His high-quality and timely feedback on tasks throughout all stages of projects is pivotal to the identification of potential issues early on in the development process. This results in the successful implementation of new product launches and services, as well as company policies,” Libertex wrote in a Linkedin post.

Libertex, which stands for Liberty Exchange, is a comprehensive investment platform – the terminal gives one access to the most popular financial instruments via a single application that works on all types of desktop and mobile devices.

In late 2022, Indication Investments Ltd, the operator of Libertex brand, secured a lucrative sponsorship deal with German soccer giant FC Bayern.

The multi-year deal runs from this year, until the end of the 2024-25 season, and names Libertex as FC Bayern’s first-ever online trading partner in the field of CFD and FX trading (B2C sector).

Neither the deal itself nor its full financial terms has been officially disclosed, but according to industry experts, Libertex is set to pay a decent amount a year for such a luxury.

The agreement wasn’t a first foray into sports sponsorship for Libertex, which also sponsors Premier League team Tottenham Hotspur.

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