FNG Exclusive… FNG has learned that leading FX and CFDs broker INFINOX has been acquired by an investor group, led by experienced industry executive Marc Joppeck.
Marc Joppeck, who is based in Frankfurt, previously held key leadership roles at StoneX, including Head of Corporate Payments Europe, and Head of StoneX Payments Germany. StoneX is a US based institutional broker which also owns the Forex.com and City Index retail FX and CFDs brokerage brands. Before his tenure at StoneX, Marc had spent more than 10 years at Deutsche Bank, in various roles including Head of Capital Market Sales.
The Joppeck-led group acquired control of INFINOX from China based entrepreneur Xueniu Zhang.
The change-of-control occurred back in July, but we understand that final approvals from regulators took a few months to finalize.
Ahead of the change-of-control at INFINOX, we had reported recently that longtime INFINOX CEO Robert Berkeley had left the company, replaced by Jay Mawji. INFINOX also recently added former Alpari and OANDA CEO Daniel Skowronski to its senior management team, as Group Executive Director in London.
The INFINOX group operates a number of licensed subsidiaries around the world. INFINOX reported Revenues of $130 million globally in 2023.
