Equiti Capital, the UK arm of Equiti Group, announced on Thursday that industry expert Paul Webb has joined its London office as the Chief Operating Officer. He is replacing Michael Ayres in the role, who has been fulfilling the position for the past three years.
The press release shared with Finance Magnates detailed that Webb’s role at Equiti will include leading the broker’s front office trading activities. Currently, Ayres is handing over all responsibilities to Webb, and the process is expected to be completed by August 24.
Iskandar Najjar, Equiti Group CEO and Equiti Capital UK Director, commented: “We are very pleased to have Paul join the executive leadership team of Equiti Capital UK in the critical role of Chief Operating Officer as well as leading Equiti Group’s front office trading activities. Paul brings extensive industry experience and proven excellence in Risk Management and operational leadership at global brokerages.”
Solid FX Background
Indeed, Webb is a veteran in the Forex and CFDs brokerage industry with expertise in the revenue generation side. Further, he has played key roles in product development and risk management. In the two decades of his experience, he took on various leadership roles with multiple brokers.
He joined Equiti from ADS Securities London, where he was the Chief Executive Officer for almost five years. Moreover, he joined ADSS in late 2012 as the Chief Dealer and was stationed at the Abu Dhabi branch for nine years.
He started his career in the broker industry in mid-2001 at CMC Markets as a Spreadbet Dealer. There, he climbed the corporate ladder to reach the position of Group Head of Trading after over nine years.
“I have been very impressed by the prevalent positivity and enthusiasm in the company and am very much looking forward to being part of Equiti’s growth,” Webb said in a statement.
“This is an exciting time to be joining Equiti Capital with its solid performance over the past 3 years, and the Group’s global growth plans to launch innovative new offerings, secure new regulatory licenses and expand into new markets.”
