London Capital Group's CEO Moves to INFINOX as Managing Director

<p>Online
trading services provider INFINOX announced today (Wednesday) the appointment
of Jana Zdravecka as Managing Director. She was recently associated with London Capital Group (LCG), where she held a similar position for three years.</p><p>INFINOX Gears Up for
Growth with Zdravecka at the Helm</p><p>Zdravecka,
who will be based in INFINOX's London office, has gained professional
experience over the last 14 years at LCG, HSBC and JPMorgan
Chase.</p><p>“I am
confident that my expertise will be instrumental in helping INFINOX achieve its
strategic goals and solidify its position as a leading player in the online
trading industry,” Zdravecka commented.</p><p>With
extensive experience at major financial institutions, Zdravecka will play a key
role in supporting INFINOX's growth plans for 2024 and beyond. These plans
include new initiatives in marketing, commercial operations, product
development, and data management.</p><p>Robert Berkeley, the CEO of Infinox, said Zdravecka's expertise and track record will be “invaluable to INFINOX as we embark on this exciting new chapter” of expansion within the competitive CFD brokerage market.</p><p>For
INFINOX, this is another important personnel move after the company announced
two weeks ago <a href="https://www.financemagnates.com/thought-leadership/infinox-charts-future-growth-with-head-of-trading-appointment-robert-collins/" target="_blank" rel="follow">the hiring of Robert Collins</a> as the Head of Trading. He spent
most of his professional career related to technology and trading at IG.</p><p>INFINOX Reports FY23 Results</p><p>The fiscal
year 2023 (FY23) concluded with a <a href="https://www.financemagnates.com/thought-leadership/trading-provider-infinox-maintains-healthy-revenues-despite-industry-challenges/" target="_blank" rel="follow">challenging outcome</a> for the FX/CFD broker,
<a href="https://www.financemagnates.com/forex/infinox-cites-challenging-market-conditions-amid-fy23-net-loss/" target="_blank" rel="follow">which witnessed a net loss</a> for the 12-month period ending 30 March 2023. The
recently published report reveals a loss of approximately £5.4 million, marking
a significant downturn from the £1.35 million profit in the previous year,
despite an increase in Assets Under Management.</p><p>Revenue for
the company in FY23 saw a decline, dropping by £1.3 million from £17.1 million
to £15.8 million. This decrease, coupled with substantially higher expenses,
led to the company's inability to sustain net profit, resulting in a loss
exceeding £5 million.</p><p>Recently,
<a href="https://www.financemagnates.com/thought-leadership/infinox-embracing-the-future-of-funding-with-emis-faster-easier-better/" target="_blank" rel="follow">INFINOX announced the introduction</a> of Electronic Money Institutions (EMIs) as a
new payment option for clients. EMIs are regulated entities specializing in
electronic payments, offering a more secure and convenient alternative to
traditional bank transfers. This integration is part of INFINOX's strategy to
facilitate easier transactions for its clients worldwide, with EMIs now
available in over 200 countries, enhancing the deposit and withdrawal process
for its diverse client base.</p>

This article was written by Damian Chmiel at www.financemagnates.com.