Another top executive of Admirals (previously Admiral Markets) is leaving the company. As officially announced late Monday, the broker’s Chief Sales and Service Officer, Roman Krutyanskiy, who also sat on the board, resigned from his position.

Krutyanskiy’s authorization as a member of the management board of the broker already expired on 31 October 2022. He joined the Admirals’ board in February 2021.

He departed after more than 11 years of working with the broker in several roles. He spent all of his career so far with the Estonian broker.

According to his Linkedin profile, he joined the Germany-based sales team of the broker in August 2011. He then climbed the corporate ladder to become the German county manager by 2017, remaining in that position for four years. He was promoted to Chief Service Officer and was given additional responsibilities as the Chief of Sales in July last year.

Present Board

With Krutyanskiy’s departure, Admirals now has three board members: CEO Sergei Bogatenkov, Andres Ioannou, who heads the Cyprus operations, and Chief Information Officer Andrey Koks.

Earlier this year, Jens Chrzanowski, a prominent executive of Admirals, separated from the broker to join rival XTB as the Director of its German operations.

Admirals is one of the major forex
Forex

Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.

Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term and contracts for differences (CFDs) brands to offer services to retail traders. It is growing at an excellent pace as its net trading income in the first half of 2021 surged by 225 percent to €32 million. It generated €23.3 million in net profit, a yearly increase of 1,512 percent.

The brokerage also gained regulatory licenses in South Africa and Canada to expand its services.

Meanwhile, Admirals filled a few key roles this year with experienced industry executives. It hired Sánchez-Matamoros as the country manager of Spain in August, months after appointing Sami Hamed as the CEO of its Jordan branch.