Admiral Markets UK Ltd. has announced the appointment of Robert Shadforth to the role of Executive Director. The appointment was done in to fill the gap of Simon Roberts, who had resigned as Managing Director of Admiral Markets UK in July. For Shadforth, the appointment in Admiral Markets marks the resumption of his professional career, from which he took a break in September 2017 to spend time with his family.
Robert Shadforth will be based in Admiral’s London office as a director of the Board. His role will be to navigate the company through the tough regulatory environment in the UK and upcoming Brexit. Shadforth’s major part of the career has been in compliance-based and regulation focused roles.
Shadforth started his career back in 1980 when he became a regulator at the AFBD and then moved on to work with Securities and Futures Authority (SFA) in 1991. At SFA, he was Head of International Regulation in the Policy Division and was responsible for leading negotiations with US CFTC to make UK firms accessible to US persons. He has also helped in coordinating the implementation of Banking Coordination Directive and the Investment Services Directive with the UK Treasury and EU regulators. He has also drafted and implemented the first rules in the UK governing spread betting firms.
From regulatory role, he shifted to investment banking in 1996 by joining Bankers Trust where he was in charge of EMEA compliance and regulatory liaison. He then moved to Credit Suisse and in 2001, he joined CDC IXIS Capital Markets as MD in compliance which later went to become as Natixis through a series of mergers.
Admiral Markets UK has been a strong performing subsidiary of the Estonian based company and in 2017, the revenues were up by 58 percent to £5.5 million.