LCG’s COO, John Jones Resigns after 12 Months Service 

UK-based Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term financial services firm, London Capital Group (LCG), has reported that its Chief Operating Officer (COO) has left the company. The company issued a statement today and has confirmed that the resignation will take effect immediately.

John Jones, the firm’s COO joined LCG in July 2013, in the official notification, LCG states that Mr Jones will continue to cooperate with the firm as “an advisor to the Company to ensure a smooth transition.”

Mr Jones, pictured, an experienced professional, has been active in financial markets for over three decades. According to this LinkedIn profile, he has worked as a trader and risk manager at various international banks and brokerages including, Citi Bank, Liquid Capital Group and Arian Financial.

LCG was not available for comment, however in the notification LCG states: "The Board would like to thank John for his hard work and contribution to the Company.”

LCG has witnessed a number of senior management changes over the course of the year, on the 18^th of July, 2013, the firm reported that its former CEO Mark Slade had resigned. He was replaced by the firm’s Chief Commercial Officer, Kevin Ashby.

At the time of writing, LCG’s share price was trading 3.16% lower at 23.00.

The ‘C’ level changes have come on the back of recent news that the company has accepted financing. The financier, GLIO Holdings Ltd, is headed up by industry veteran Charles-Henri Sabet who has involvement in the FX industry as a board member of JFX.com.

A London-based compliance consultant explained to 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 Magnates that regulators view management changes with a pinch of salt.

He continued, on the basis of anonymity, that several FX and CFD brokers including Alpari UK, have been contacted by the financial watchdog in regards to top level management changes over the past 18 months.