“For our clients and teams at iS Prime, iS Risk and iS Prime Hong Kong, it is business as usual. We will be increasing our investment in our technology and staff, putting our clients first as we drive the business forwards to maintain our market leadership position.”
Raj Sitlani and Jonathan Brewer, co-founders of iS Prime have left the business, the foreign exchange brokerage firm announced in an official statement.
iS Prime was founded in 2014 by the two FX industry veterans as an FCA-regulated brokerage and execution services provider powered by proprietary technology, with aggregated pricing sourced primarily from Tier One institutions, settled through the group’s bank Prime Brokers.
The FCA-authorized Prime of Prime broker is a subsidiary of iSAM Securities, which is also parent company of iS Prime Hong Kong Limited (regulated by the SFC) and risk management specialist, iS Risk.
Outgoing Managing Director of iSAM Securities Raj Sitlani has recently discussed all about the brokerage company with Nikolai Isayev, Editor-in-Chief of FinanceFeeds on FinanceFeeds Podcast episode #12.
“Business as usual”
Raj Sitlani, who was Managing Director of iSAM Securities, commented: “Jonathan and I achieved what we set out to do – to create an outstanding, highly professional, technology driven company – and we are very proud of what we have achieved. We would like to thank iSAM, our employees and our clients for their incredible support and loyalty over the last eight years.”
Jonathan Brewer, who was also Commercial Director of iSAM Securities, said: “Both Raj and I are ready to focus on the next chapters in our lives. The time is right for the very talented team at iSAM to take the business forwards, and we wish them all every success.”
Roy Sher, Managing Director of iSAM, added: “Raj & Jonathan have been instrumental in growing the business and building the team which is now over 50 people. For our clients and teams at iS Prime, iS Risk and iS Prime Hong Kong, it is business as usual. We will be increasing our investment in our technology and staff, putting our clients first as we drive the business forwards to maintain our market leadership position.”
