Nicholas Cooke Parts Ways with UK Broker GMG After 3 Years

FCA regulated brokerage firm Global Markets Group (GMG) continues to undergo major changes of its senior leadership, this time parting ways with its managing director Nicholas Cooke, according t a regulatory filing with the Companies House.

The departure of Nick, who served with the London-based broker for nearly four years, comes barely two months after the installment of Alex Iakobachvili as the company’s CEO.

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Cooke, whose career spans more than 11 years in financial markets, has originally joined GMG back in 2015. Before that, he worked for six years at FXCM where he most recently oversaw the company’s retail and institutional sales in Australia.

Cooke’s other roles with FXCM also included managing the book of retail and HNW individual clients at FXCM US. During his term from 2011 to 2013, he was responsible for FX & CFD sales after he relocated to Sydney in October 2011. He also held equity and sales roles at SMB-Capital, according to his LinkedIn profile.

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GMG brings in a new CEO

In August, GMG has onboarded Alex Lakobachvili, the former VP of sales at Global Market Index Limited (GMI), to head up its operations after only five months with the multi-asset B2B broker.

Lakobachvili, who worked in a variety of prime brokerage sales roles since 1978, also assumes his role as a member of the Managing Board, based out of London. Before GMI, he was vice president of CFH Clearing Limited, where he worked for almost eight years.

Between March 2010 and December 2012 Iakobachvili worked at Squared Financial Services Ltd, based in Dublin.

Iakobachvili also worked in forex institutional sales at London Capital Group for just under a year. He held senior positions at Thomson Reuters, where he was Director of Bank Sales, and at IDEAglobal, where he was Senior Account Manager. Back in 1995, he was also Director of Targetpoint Limited for two years.

Asia-Pacific Newswire