UK GMI COO John Taylor Resigns to Pursue Career Away From FX Industry

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.

UK GMI COO John Taylor Resigns to Pursue Career Away From FX Industry

May 6, 2019

According to GMI UK’s latest filing with UK companies house, Mr. John Dean Taylor has resigned from his post as Chief Operating Officer of the firm as of last Friday. He has been serving as COO for the brokerage since January 2018 and contributed a great deal toward increasing the company’s revenue during his tenure as COO in the company. The brokerage house saw its revenues steadily increase over the last couple of years and during Taylor’s tenure as COO, the revenue reached 1.4 million British Pound at the end of last year. While most of the companies in the FX industry are currently in consolidative phase, GMI UK has managed to stand out having seen a stable increase in revenue since the last quarter of 2017.

Prior to his tenure as COO in GMI UK, John worked in Exness UK as its Chief Financial officer and was known for playing a major role in the establishment of the FCA regulated subsidiaries at Exness helping with the launch of their operation in the UK before he resigned. Prior to Exness, John served as acting COO, Head of operations & Middle Office EMEA at Deutsche Bank. GMI started their brokerage services in 2009 with a heavy focus on the Asian Pacific Market and by 2010 became one of the early pioneers who introduced ECN and STP technologies in the Asian Pacific Region. GMI group began its forex brokerage operations in the UK during 2015 post receiving FCA approval to serve in capacity as STP-ECN’s only broker. When commenting on John’s resignation, Ashraf Ebid, CEO of GMI UK stated: “We really appreciated John Taylor’s dedicated service and we wish him best of luck with his new career endeavours”.

Ashraf Ebid also stated that John will continue to help GMI group as a consultant in their special projects and that he remains a close friend when speaking to news website Finance Magnates. As per comments from Ashraf Ebid, it looks like John is interested in pursuing his future career outside of FX and finance sector. According to a statement filed with UK companies house towards the end last month with full account details till 31st December 2019, the company aims at increasing their capital base yet again and will continue to hire strong and well-renowned sales staff. The statement also said that the company expects revenue drive from 4 core areas namely –

  • Market leading liquidity for institutional clients.
  • Increased Focus on Professional Traders, given their position & strength to serve professional traders with pricing and execution not usually found among retail brokers.
  • Continue their work with partnered sister company Finstek, utilising its market-leading bridge and aggregator which facilitates GMI to compete on price, execution speed and quality of service.
  • Increase geographical reach.

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