Online trading services provider INFINOX announced today (Wednesday) the appointment of Jana Zdravecka as the Managing Director. She was recently associated with London Capital Group (LCG), where she held a similar position for three years.
INFINOX Gears Up for Growth with Zdravecka at the Helm
Zdravecka, who will be based in INFINOX's London office, has gained professional experience over the last 14 years at LCG, HSBC and JPMorgan Chase.
“I am confident that my expertise will be instrumental in helping INFINOX achieve its strategic goals and solidify its position as a leading player in the online trading industry,” Zdravecka commented.
With extensive experience at major financial institutions, Zdravecka will play a key role in supporting INFINOX's growth plans for 2024 and beyond. These plans include new initiatives in marketing, commercial operations, product development, and data management.
Robert Berkeley, the CEO of Infinox, said Zdravecka's expertise and track record will be “invaluable to INFINOX as we embark on this exciting new chapter” of expansion within the competitive CFD brokerage market.
For INFINOX, this is another important personnel move after the company announced two weeks ago the hiring of Robert Collins as the Head of Trading. He spent most of his professional career on technology and trading at IG.
INFINOX Reports FY23 Results
The fiscal year 2023 (FY23) concluded with a challenging outcome for the FX/CFD broker, which witnessed a net loss for the 12-month period ending 30 March 2023. The recently published report revealed a loss of approximately £5.4 million, marking a significant downturn from the £1.35 million profit in the previous year, despite an increase in Assets Under Management.
Revenue for the company in FY23 saw a decline, dropping by £1.3 million from £17.1 million to £15.8 million. This decrease, coupled with substantially higher expenses, led to the company's inability to sustain net profit, resulting in a loss exceeding £5 million.
Recently, INFINOX announced the introduction of Electronic Money Institutions (EMIs) as a new payment option for clients. EMIs are regulated entities specializing in electronic payments, offering a more secure and convenient alternative to traditional bank transfers. This integration is part of INFINOX's strategy to facilitate easier transactions for its clients worldwide, with EMIs now available in over 200 countries, enhancing the deposit and withdrawal process for its diverse client base.
