Michael Ayres parts ways with Equiti Capital after four years

abdelaziz Fathi

Equiti Capital UK Ltd, the institutional prime brokerage arm of the Equiti Group, has parted ways with Michael Ayres who held several roles for more than three years at the London-based firm.

Michael Ayres

Mr Ayres, whose career in the FX industry spans more than 13 years, served most recently as Chief Operating Officer. He was promoted to its board of directors in 2019, having stepped into this leadership position barely two months after Equiti Group’s prime brokerage business has rebranded to Equiti Capital UK.

Ayres had originally joined the company under the Divisa brand back in May 2018, when he was appointed as its chief risk officer. And after less than four months, he was elevated to the COO role for UK operations, replacing Arik Oslerne, who stepped down from the position in July 2018.

Prior to Equiti Capital, Ayres was the Director of Operations at UK-based CFDs broker and spread better GKFX. He served with GKFX for more than five years, starting from November 2013 until he left for Equiti.

Ayres’s career encompasses other stops with big names in the FX space including stints at FXCM from 2008 to 2010, before moving to now-defunct Alpari UK where he stayed for more than three years.

He kick-started his career in 2008 at ODL Securities LTD where he worked in the forex operations/middle office.

Commenting on his departure, Michael Ayres, said: “It has been a privilege to be part of the Equiti Group’s global growth over the past 3 years and to see the company progress from strength to strength. I want to thank every single member of staff, past and present, as it’s been a combined effort to get to where we are today.”

Iskandar Najjar, Equiti Group Chief Executive Officer, added: “We are extremely grateful to Michael for all the years he has been with Equiti. He has been instrumental in building the foundations of the company and putting it on the right course for our next phase of growth and expansion. We wish him the best of luck with his next challenge and have no doubt he will accomplish big things in the coming future.”

Earlier in July, Equiti appointed Paul Webb as Chief Operating Officer, effectively replacing Michael Ayres in leading Equiti’s front office trading activities.

Paul has over two decades of experience in the FX and CFD space, having worked in the UK and the Middle East in various senior leadership and front office roles.

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