GCEX has onboarded Alex Iakobachvili as the company’s Vice President of Business Development. He is based in London and joined the forex and crypto liquidity provider earlier this month, according to his Linkedin profile.
The appointment came when GCEX is aggressively increasing its offerings. Recently, the company doubled its offerings with the addition of 18 new cryptocurrencies .
Iakobachvili is a financial industry expert, who spent decades working with several big companies. He brings significant value to his new role at GCEX.
Stong Industry Background
Before joining GCEX, Iakobachvili was an Executive Director at London-based B2B Prime Services, which handled securities and commodities contracts dealing activities. In addition, he was the CEO and Executive Director at FCA-regulated Price Markets for more than a couple of years.
Moreover, he worked as the Managing Director and CEO of Global Markets Group, which offers direct market access to the FX and CFD markets. He further completed a five months stint at Global Market Index as a Sales VP.
One of Iakobachvili’s most prominent industry experiences was at Finalto (then CFH Clearing). There, he was the Vice President for eight years.
He even worked at Squared Financial for a couple of years, based in Dublin, as well as at London Capital Group for less than a year with its FX Institutional Sales team. His other experience includes taking on the role of Director of Bank Sales at FxAll.
GCEX was founded in 2018 and is headquartered in London. Furthermore, the company has a physical presence in Denmark, Scotland and Malaysia. Earlier this month, it hired Michael Aagaard as Managing Director for its operations in Denmark.
Meanwhile, the company reported a turnover of £1.89 million along with an operating profit of £1.42 million for the financial year 2021. In addition, it racked up $4 million in funding earlier this year for accelerating its expansion efforts.
