ETX Capital Promotes Kayleigh Lewis as New COO

Financial spread betting and CFDs provider, ETX Capital has promoted Kayleigh Lewis as its new Chief Operations Officer, Finance Magnates has learned.

Lewis was previously the Head of Operations at ETX and spent over nine-and-a-half years with the brokerage. As seen on her Linkedin profile, she held many roles with the brokerage, including the Head of Client Support and Client On-Boarding Analyst.

Before that, she spent almost three years with WorldSpreads Group in a couple of roles.

"The business has changed and grown immensely during my time here and I am very excited to be part of the new era at ETX under new ownership," Lewis told Finance Magnates. "We have exciting times ahead as a business with new opportunities for both clients and employees, and I am looking forward to working with the team to further grow our exceptional client experience and our award-winning trading technology."

Management Changes under New Owner

This promotion came after the closure of ETX’s acquisition by Swiss private equity firm, Guru Capital. The two companies agreed on the deal last May but were waiting for the regulatory approval from the UK’s Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term). UK-based JRJ Group previously owned ETX Capital.

Neither of them disclosed the financials involved in the deal.

Headquartered in London, ETX Capital has been operating in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry since 2002 and has aggressively focused on international expansion since 2010. It entered Germany and South Africa before opening local offices in Greece, Spain, and Denmark.

ETX is also strengthening its existing teams, especially its technology department. Finance Magnates earlier reported that the brokerage hired Gergely Bacsó as its new Chief Technology Officer for improving the platform’s client experience and also further building TraderPro.

Earlier this year, ETX Capital’s long-running co-CEO, John Wilson, retired after spending a decade with the brokerage. He shared the apex role with Philip Adler, who was promoted to co-CEO in February 2019. Adler is currently running the brokerage.