The FCA regulated and London headquartered forex brokerage firm, Infinox Capital is expanding its businesses to new areas including Latin America. The firm has hired former sales executive at Tradeview Markets, Ricardo A. Grados as its Head of LATAM FX business.
Ricardo has stepped into the role in October this year but made the news of his appointment public on his LinkedIn profile. The move will help Infinox to strengthen its LATAM business which will further add to its bottom line. Ricardo Grados left Tradeview after a three years stint as group’s VP of sales and trading. Ricardo shares a strong interest in cryptocurrencies and blockchain.
Prior joining Tradeview, Ricardo Grados has worked as Head of Business Development and FX trading at Monaco Private Capital Corp. He has also worked with City Credit Capital where he worked as Introducing Broker, Head of Sales-Peru for almost two years and at many senior-level positions at Soros Fund Management (Quantum), Barclays Capital Systems, and BBVA Securities. He has been deeply associated with the derivatives industry since 2005, the same time when he started his professional career.
Revenue More than Doubles in FY 2018
Recently Infinox posted its FY 2018 result (the company has March 31 as fiscal year-end) reporting tremendous growth in revenues and profitability, consecutively second year in a row. Revenues for the company doubled during the period to £41.7 million (USD $54.8 million) compared to £17.5 million in 2017 and prior year it was £8.4 million (2016).
The net profits of the company more than doubled during the period to £2.8 million from £1.1 million last year. The expenses of the company also grown manifold times from £3.7 million in 2017 to £14.0 million in 2018.