Swissquote UK CEO Federico Cirulli resigns

Swissquote Ltd, the London based, FCA regulated UK entity which is part of Switzerland based online Forex trading firm Swissquote Group (SWX:SQN), has announced a change in its Senior Management.

Michela Pollini and Jack Rawlings have been appointed as Executive Directors, subject to regulatory approval, to guarantee the continuity and stability of business development as well as the firm’s expansion on UK territory, following the departure of Swissquote UK CEO Federico Cirulli. Swissquote UK reported £2.7 million of revenue and a loss of £132,000 in its most recently reported fiscal year (2020).

Federico Cirulli had been CEO of Swissquote UK for the past eight years. He had previously worked at CMC Markets and at ActivTrades, where he was CEO from 2006-2009.

Marc Burki, co-founder of Swissquote Group Holding Ltd and chairman of the UK entity board commented:

“The UK office will remain a key pillar for our expansion and forex development, with the intention to broaden the instruments offered and serve our clients even better and faster. I would like to thank Federico for all his efforts in building our UK business, and I am confident that Michela and Jack will carry on this work and bring forward the commitment of the Group to the UK market”.

Michela Pollini has been with Swissquote in London for more than seven years, now serving as Head of Sales. She was formerly the company’s Head of Italian Desk.

Jack Rawlings is Swissquote UK’s Head of Compliance. He joined the company is 2020 after serving a similar role in the UK operation of Polish Retail FX broker XTB.