Exclusive FNG… FNG has learned that leading FX and CFDs broker INFINOX has been acquired by a group of investors, led by industry veteran 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 that also owns the Forex.com and City Index retail FX and CFDs brands. Prior to his time at StoneX, Marc spent more than 10 years at Deutsche Bank, in various roles, including Head of Capital Markets Sales.
The Joppeck-led group acquired control of INFINOX from China-based businessman Xueniu Zhang.
The change of control took place in July, but we understand that final regulatory approvals took a few months to finalize.
Ahead of the change in control at INFINOX, we recently reported 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 revenue of $130 million worldwide in 2023.