Equiti Capital Names David Meek as Non-Exec Chairman

Equiti Capital, a provider of foreign exchange (forex) and contracts for difference (CFD) liquidity, announced this Monday that it has appointed a new Non-Executive Chairman of its Board – David Meek.

Meek will assume his new role following the approval from the Financial Conduct Authority (FCA), which is currently pending, the statement released today said. He brings more than three decades worth of experience in the financial industry.

David Meek’s career in banking

In particular, Meek’s career has been largely in the banking sector, having worked at numerous tier 1 banks, such as JP Morgan and Citigroup, where he collectively spent 18 years.

During his career, Meek has also worked at Mizuho, Natwest Markets and Bankers Trust. At present, Meek is a Non-Executive Director and member of numerous Committees at National Commercial Bank (NCB), a listed Saudi Arabian bank.

Commenting on the appointment, Equiti Capital’s CEO, Brian Myers said in the statement: “After an extensive search, Equiti Capital is delighted to welcome David with his exceptional experience to the board. We see tremendous value-add across governance, risk and commercial elements of our business.”

In addition to his roles in the financial space, Meek is also a Non-Executive Director of This Land, a UK real estate company. He is the Chair of Getting on Board and a Trustee and Chair of the Audit and Risk Committee at the British Liver Trust, among other roles.

Source: Finance Magnates

Speaking on his new role, Meek added in the statement: “I am delighted to be joining Equiti Capital at this exciting time in the company’s development and to lead a board with a client focused mindset, strategic vision and a clear determination to set the benchmark for the sector. 

“The embedded culture throughout the Equiti Group is focused on the highest standards of governance, transparency and innovation, leading to impressive client solutions and outcomes. These foundations provide an excellent base for executing the company’s growth strategy and ensuring clients receive the highest quality services backed by a robust regulatory ethos.”

The appointment of Meek follows on the heels of Equiti hiring industry veteran Adrian Coxon to take on the role of its Chief Marketing Officer, as Finance Magnates reported.

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Equiti Capital Brings Prime Liquidity to Gold-i’s Matrix Network

The addition of Equiti Capital into the Gold-i’s ecosystem will bring extra liquidity and access to FX, metals and CFDs.

London-based Equiti Capital UK Ltd, the institutional prime brokerage arm of the Equiti Group, has deployed Gold-i’s Matrix as an additional distribution channel, making its multi-asset liquidity available to brokers worldwide. The addition of Equiti Capital into the Gold-i’s ecosystem will bring extra liquidity and access to the prime broker’s offering that includes FX, metals and CFDs.

Mitesh Vaghela, Director of Product at Equiti, said: “Equiti’s integration with Gold-i will be a significant value-add to Equiti Capital, and the Equiti Group, given Gold-i’s extensive client base in regions that supports Equiti’s global growth strategy.”

Gold-i’s Matrix suite of products provide a distribution channel of multi-asset class liquidity for a global network of brokers, prime brokers and hedge funds. Members are able to deliver their liquidity to other end-customers through Gold-i’s Matrix, as well as manage their trading book and customize their liquidity through different management tools.

Equiti Capital UK has been actively expanding the reach of its liquidity offering, with today’s announcement comes barely three months after the prime brokerage joined the oneZero Ecosystem.

Joy Li, Head of Business Development Asia Pacific for Gold-i, said: “We are delighted that Equiti Capital has joined our Matrix NETwork. They are a highly reputable global firm with excellent multi-asset liquidity. Having Equiti Capital in our NETwork will open new opportunities for our clients in the Asia Pacific, Middle East and Europe regions.

Vincent Pang, Head of Asia Pacific region at Equiti Capital, added: “Equiti is very pleased to strengthen and expand its position in the Asia-Pac region through the partnership with Gold-i.  One of Equiti’s key strengths is collaboration. We work with the best in class trading solution providers and vendors to ensure our clients have an unparalleled trading experience.”

Source: Finance Magnates

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