Equiti Group – a UK based FCA regulated FX & CFD trading and liquidity services provider recently revealed in an announcement that it has hired a new executive to serve as manager at it institutional liquidity division. The update was revealed via post made in equity group’s LinkedIn profile which stated that the firm sought to strengthen its institutional team with addition of Mr. Benedict Sears in the role of Institutional Liquidity Manger. In his new role as manager of institutional liquidity at the firm, he will work along with the team in planning and delivering the firm’s strategy for its liquidity management business division on its entire market region. The firm currently has branches in all major global economic regions namely – America, Asia-Pacific and EMEA (Europe, Middle East and North Africa).
Before taking up his current role at Equiti Group, Sears served as a part of FX team at another UK based financial services provider Makor Capital. Benedict served at Makor capital for nearly two and a half years having joined the firm back in June of 2017 starting his career in financial services industry post graduating with a master’s degree in Economics and social science from The University of Glasgow. However, this is not his first rodeo at firm providing financial services as he served as an Intern for nearly three months at UK based multi-asset class trading service provider XTX markets in the firm’s sales division. Sears takes up his new role at Equiti Group less than a year after the its institutional prime brokerage arm formerly known as Divisa capital saw its offices in US, UK and Armenia rebrand as Equity Capital US, Equity Capital UK and Equity Capital AM respectively.
Commenting on Benedict’s appointment at the firm, Hormoz Faryar, Global Head of Institutional Sales, stated “We are committed to bolstering the institutional department in the UK office. Benedict Sears brings fresh industry expertise in liquidity management and FX business development. The appointment reflects our commitment to the institutional business in general and the City of London in particular”. Speaking on same topic, Iskandar Najjar, CEO of Equiti Group, commented: “Equiti Group’s global growth strategy has been well executed and our new hires are strongly aligned with various business needs to further our future plans”. It should also be noted that Equity Capital UK was recently in news for its agreement with Saudi Lender Riyad Bank according to which the UK based firm is set to provide 24 hour FX liquidity to the bank using its platform and is also set to provide the bank with trading infrastructure.