Former Head of Leverate Cyprus Joins FX Broker XTB - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


Former Head of Leverate Cyprus Joins FX Broker XTB

May 14, 2018

XTBThe Cyprus-based forex exchange broker, Leverate has witnessed a host of executive moves last week. Its General Manager and Head of CySEC licensed Leverate Financial Services Ltd., Costas Michael left after a six years of stint with the company in which four years in the mentioned position. He has joined Leverate from TFI Markets and now will be joining X Trade Brokers Dom Maklerski SA (WSE: XTB), that operates the FCA regulated, the retail FX brand where he will be heading the XTB’s Cyprus office.

Micheal’s exit from Leverate triggered series of elevation to fill in his position. Pantelis Christou, who was serving as a Leverate’s Head of Brokerage Department in Cyprus for the last four years has been appointed as General Manager of Leverate Cyprus and filling in his role will be Pavlos Antoniou, who has been Brokerage Department Officer at Leverate for the past two years.

Pavlos Antoniou, Leverate Cyprus
Pavlos Antoniou, Leverate Cyprus

In another significant executive move, Leverate has hired Jovana Grozdanic for Compliance / AML in Cyprus. A role which is paid utmost importance in the Fx brokerage world, given the increasing nature of regulatory compliance in the sector. Ms Jovana joins Leverate from another Cysec regulated B.O. Tradefinancials Ltd, owned by binary options platform and brokerage provider TechFinancials Inc (LON: TECH) where she worked for less than a year. Before this, she has worked with then-closed Saxo Bank’s Cyprus unit from 2014-2017.

Leverate over the past year has witnessed many senior levels personnel exits after it has gone through an extensive restructuring process. In March this year, it has hired former executive Yaara Rozenblat as Head of Marketing and in last summer, it has brought in Yasha Polyakov, a former Playtech executive as its new group CEO.

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